Question

What is a business strategy?

Comments

Business strategy is a long-term plan of action designed to achieve a particular goal or set of goals or objectives within an organization. It defines what an organization needs to do to reach its goals, including its objectives, priorities, and direction. It also outlines the resources needed to achieve the objectives and the actions required to implement the strategy.

Answer 1

Business strategies are business ideas,plans, objectives and targets set to ensure business growth, customer satisfaction and profit is achieved.

Answer 2

A business strategy is a plan of action that a company undertakes in order to achieve its long-term objectives. It typically covers a period of several years and is based on the company’s mission, vision, and values. Business strategies are designed to help companies create a competitive advantage and remain profitable in a constantly changing business environment.

Answer 3

A business strategy is a plan for achieving a specific business goal or set of goals. It outlines the actions a company intends to take to reach its desired outcome and outlines the resources, skills, and competencies required to implement the plan. A business strategy takes into account the company's strengths, weaknesses, opportunities, and threats, as well as its goals and target market, in order to create a roadmap for success. The purpose of a business strategy is to help a company remain competitive and grow, by taking advantage of market opportunities, overcoming challenges, and achieving its long-term vision.

Answer 4

A business strategy is a long-term plan that businesses and individual stakeholders will need to follow in order to achieve their goals. It focuses on the business’s strategic goals and helps to daily look out for others to keep them safe and thrive.

Answer 5

A bussines strategy  is an organization master plan . this plan is what the management of a company develops and implement to achieve their strategic goals.

Answer 6

A business strategy is a long-term plan of action that outlines how a company will achieve its goals and objectives while creating value for stakeholders.

Answer 7

A business strategy outlines the specific ways in which an organisation plans to position itself, achieve its short-term and long-term goals, and grow over a period of time.