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What is business strategy?
Ariaa
subscriber Posts: 4 Member
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Answers
business strategy is a long-term plan of action that is designed to achieve business goals strengthening the performance of the organization. It is the backbone of the organization and to gamble in the market, you will need a well-planned business strategy to have a presence in your market.
Business strategy can be understood as the course of action or set of decisions which assist the entrepreneurs in achieving specific business objectives. It is nothing but a master plan that the management of a company implements to secure a competitive position in the market, carry on its operations, please customers and achieve the desired ends of the business.
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A business strategy is a set of competitive moves and actions that a business uses to attract customers, compete successfully, strengthening performance, and achieve organizational goals. It outlines how business should be carried out to reach the desired ends.
Business strategy can be understood as the course of action or set of decisions which assist the entrepreneurs in achieving specific business objectives.
Business strategy is the art of creating a credible business with value. It contains simple executable action plan to make the business profitable.