What makes a good business strategy?

Ariaa

What are the steps to be followed to build a good business strategy?

Aishley

Here are some steps to create a good business strategy-

• Gather the facts.
• Develop a vision statement.
• Develop a mission statement.
• Identify strategic objectives.
• Tactical Plans.
• Performance Management.

Jessie Hookie

1. Build on the vision
2. Focus on the most critical objectives
3. Plan the attack, choose the battlefield
4. Take a reality check: Does the business model stand?
5. Build a support structure: The strategic framework

Michael lyam

These are the some great steps that will help build a good business strategy

1. Define competitive advantage 
2. Targets should be streamlined
3. Develop a vision
4. Be inclusive and nimble 
5. Invest time in measuring results

If you’re starting a new business, ensure you have the road-map well prepared beforehand. 

Aditi Rao

Starting a business is a challenging thing. You need to remember some points while making a perfect business strategy.

• have a passion to drive a successful business.
• Determine what you need to start.
• To get more involved research more about your competitors.
• Identify how much are you going to spend for your business.
• Measure the success time to time.