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== == Business strategy is about taking action to maintain once competitive advantage over a period of time.
Explanation:- For me it's all about a method used in business. I know.It's Raymon Niez you know. Some companies believe in buying up a lot of other companies. This is part of their strategy... to try to gain market share, or to get more customers, and therefore more profit. Another strategy could be to sell something that no one else offers... a great strategy if you can figure out something brand new.If you are a Pizza place that wouldn't be your strategy though... a zillion places sell pizza. So you have to come up with something else to help sell yours over the other stores. Maybe you offer more toppings for the same price, or your pizzas are bigger, or you deliver to a really large area in 30 minutes, guaranteed. Maybe your strategy is to not deliver at all, but to be a place where people come to play games or to go on a date. Whatever the strategy is, it is usually based on "how do I differentiate myself from the competition?" ... how do I make people want to come to me for a specific product or service? How you do that is your strategy... your business strategy.
What else can I help you with?
Advantages and disadvantages of strategy?
One advantage to having a business strategy is knowing what direction your company is headed. A disadvantage to having a business strategy is the fact that your strategy could be wrong for the industry.
What is business policy and strategy?
Using business policy and strategy is called strategic management. Strategic management helps business make decisions and use information that help achieve company objectives.
What does business strategy mapping encompass?
Business strategy mapping encompasses balancing contradictory forces as well other key aspects like consumer value.
What is the difference between business strategy and corporate strategy?
A business strategy deals with the direction a particular SBU (Strategic Business Unit) aught to move. This SBU along with other SBU's will be given resources to implement their strategy by the parent group, this parent group is the select few e.g. the CEO, CFO, President, and other corporate elite who collectively decide the corporate strategy. For example, Steve Jobs of Apple will decide the corporate strategy of his companies SBU's by deciding which area should receive the most attention. From this, the heads of these SBU's which range from computers, phones, to MP3 players, will then decide the business strategy for each product, they will have complete authority within their own unit (own product) while those involved in corporate strategy have authority over all business units.
How can strategy diagrams be effectively utilized in developing a comprehensive business strategy?
Strategy diagrams can be effectively used in developing a comprehensive business strategy by visually representing key components such as goals, objectives, resources, and action plans. These diagrams help to clarify complex ideas, identify connections between different elements, and communicate the strategy to stakeholders in a clear and concise manner.
How should we integrate e-business strategy with existing business and IS strategy?
How Management of Technology Innovation integrated with business strategy
What is aligning compensation strategy with HR strategy and business strategy?
aligning compensation strategy with hr strategy and business strategy would simply mean that the designing of a company's compensation strategy should be in such a way that it should support its HR as well as business strategy.
What is Ford's business level strategy?
What is Ford's business level strategy?
Once a business determines that change needs to occur what should the business create?
business strategy
What is the technical definition of strategy?
The technical definition of strategy is the plan which and principles with the tactics relating to use of the technologies in the business. It is a business strategy to have a plan for a business.
What are different types of business strategy?
There are several different types of business strategies that include acquisition strategy and competitive strategy. Other types of strategy are cost strategy, niche strategy, and growth strategy.
Is the IT strategy based on the business strategy?
Yes all IT strategies based on business strategies as IT is also one of the growing business ways in today's computer age. All strategies of a business, including its IT strategy, should be aligned with its overall business strategy.
Describe corparate level strategy and business level strategy?
The difference between corporate and business level strategy is that their operations are inter-industry and intra-industry respectively. Whereas corporate level strategy is concerned in what business to deal with, business level strategy is concerned with how to compete within a particular business.
What does a marketing strategy provide for a business?
The goal of a marketing strategy is to provide increases sales for a business.
What is the Drools strategy about in business?
In business the Drools strategy is about database design. It is a set of rules to follow for a business when constructing a database for their company.
What is Dollar General's business strategy?
DG's business strategy is "A customer-driven distributor of consumable basics".
How Management of Technology Innovation integrated with business strategy?
How Management of Technology Innovation integrated with business strategy
