Step 1: Meaning of Generic Software.
Generic Software is developed for general use by a large number of users. It is designed to meet common requirements and can be used by many organizations or individuals without major modifications. Examples include MS Word, MS Excel and Tally.
Step 2: Meaning of Tailored Software.
Tailored Software, also known as customized software, is developed specifically according to the needs and requirements of a particular organization or user. It is designed to perform specialized tasks required by that specific organization.
Step 3: Differences between Generic and Tailored Software.
1. Purpose:
Generic software is designed for general purposes, whereas tailored software is designed for specific organizational needs.
2. Development:
Generic software is developed by software companies for mass use, while tailored software is developed according to the specific requirements of a particular user or organization.
3. Cost:
Generic software is usually less expensive because it is produced for many users. Tailored software is more expensive since it is specially designed and developed for one organization.
Step 4: Examples.
Examples of generic software include MS Office and web browsers, whereas examples of tailored software include software developed for banks, hospitals or specific business organizations.
Step 5: Conclusion.
Thus, generic software is suitable for general users while tailored software is designed to meet the unique requirements of a specific organization.