We are proud to announce our NEW community destination. Engage with resident experts and fellow entrepreneurs, and learn everything you need to start your business. Check out the new home of StartupNation Community at startupnation.mn.co

What is the difference between business strategy and a business model?

AriaaAriaa subscriber Posts: 4 Member

Ho can I differentiate both of them

Best Answer


  • Options
    Jessie HookieJessie Hookie subscriber Posts: 351 Silver Level Member
    edited November 2019

    A business strategy is a deliberate vision to get toward a desired long-term goal. A business model is a great tool to execute a business strategy.

    Yet while achieving a long-term goal a business strategy set a vision, mission and value proposition that can be executed through several possible business models. When one of the drafted business models encounters the favor of the market that is when a business strategy becomes successful!

Sign In or Register to comment.