You are a venture capitalist, looking to invest 5M into a start up company.
You choose: Future of Beauty; Specialized shampoo.
Function in Beauty uses machine algorithms to make personalized shampoo for each customer based on their hair type.
The Three Generic Strategies:
The first tatic is to zero in on a relatively small segment of the market, the second is to produce a one of a kind good or service, ans the third is to establish an obstacle for new competitors to overcome.
Question: Explain how the Three Generic Strategies is or is not applicable.