Here are some commonly employed business strategies:

1. Cost Leadership Strategy: This strategy aims to become the lowest-cost producer in the industry while maintaining an acceptable level of quality. It involves reducing costs through various means such as economies of scale, efficient supply chain management, and technological advancements.
2. Differentiation Strategy: This strategy focuses on offering unique and distinctive products or services to customers. The goal is to create a competitive advantage through features, design, customer service, or brand image that sets the business apart from competitors.
3. Focus Strategy: This strategy involves concentrating on a specific target market or niche and tailoring products or services to meet their specific needs. It allows the business to serve a particular segment effectively, often by offering specialized expertise or customization.
4. Growth Strategy: This strategy aims to increase the company's market share, revenue, and profitability. Growth strategies can include market expansion (penetrating new markets or reaching new customer segments), product expansion (introducing new products or services), or diversification (expanding into new industries).
5. Innovation Strategy: This strategy focuses on developing and introducing new products, services, or processes to meet changing customer needs or to disrupt the market. It involves investing in research and development and fostering a culture of creativity and innovation within the organization.
6. Mergers and Acquisitions Strategy: This strategy involves combining with or acquiring other businesses to achieve growth, gain market share, or access new resources or capabilities. It can provide synergies, economies of scale, or access to new markets.
7. Strategic Partnerships and Alliances: This strategy involves collaborating with other companies to leverage each other's strengths, share resources, and pursue mutual growth opportunities. Strategic partnerships can include joint ventures, co-branding, or distribution agreements.
8. Customer Relationship Strategy: This strategy focuses on building strong and long-lasting relationships with customers. It involves understanding customer needs, providing excellent customer service, and implementing customer loyalty programs to retain existing customers and attract new ones.
9. Digital Transformation Strategy: This strategy involves leveraging technology to transform business processes, operations, and customer interactions. It can include adopting new digital tools, implementing e-commerce platforms, or using data analytics to gain insights and improve decision-making.
10. Sustainability Strategy: This strategy involves incorporating environmental and social considerations into business practices. It can include reducing carbon footprint, adopting sustainable sourcing practices, promoting diversity and inclusion, or implementing corporate social responsibility initiatives.

Please note that these strategies are not exhaustive, and businesses often employ a combination of strategies tailored to their specific goals and circumstances.