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

AriaaAriaa subscriber Posts: 4 Member

Ho can I differentiate both of them

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  • Jessie HookieJessie Hookie subscriber Posts: 293 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!

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