Successful Business Strategies

1. Successful Business Strategies Business strategies made by the association have a momentous impact on the staff. Strategy management provides general direction to the venture and involves specifying the association’s objectives.

2. Strategies are typically premeditated and guided by the chief Executive officer and permitted by the board of directors and their after executed under the direction of the corporation’s top management team or senior executives.

3. The business strategy is concerned with major resource issues such as raising finance, allocation, developing policies and plans. • Strategies are also concerned with the scope of business such as Where and What is to be produced.

4. Business Categories • The external environment, including society, technology, customers. • Mission of the firm • Core competencies needed to achieve the mission

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