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Thread: Business strategy.

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    Business strategy.

    Today i want to start new topic like importance of business strategy. You can say that business strategy is the life line for every sort of business. If it is design with clear thoughts, according to business, help to promote market shares then it has so much importance for business perspective.

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    Premium Member falconator's Avatar
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    Strategy is everything. Being without a business strategy is like jumping in your car and trying to drive across the country with no map or sense if direction. You might get there sooner or later, but it would have been a lot faster if you had a mad and compass.

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    Some of the best strategies I've come across happened because there weren't too many "chefs in the kitchen". You want to get everyone involved, and you can, it's just that we've had better brainstorming sessions by simply discussing in smaller groups and then relaying that to the other group and so forth. Once we had a collection of ideas, we were able to map out a great strategy for marketing.

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    Quote Originally Posted by falconator View Post
    Strategy is everything. Being without a business strategy is like jumping in your car and trying to drive across the country with no map or sense if direction. You might get there sooner or later, but it would have been a lot faster if you had a mad and compass.
    This is good advice, especially if you have never ran a business before.
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    To me strategy is everything. Outlining goals and planning how to achieve them is crucial for me. I sit down with my employees and we brainstorm ideas on the white board. Not only it's important for the business, but it shapes and builds the team as well.

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    Quote Originally Posted by Ferrarijohn View Post
    Today i want to start new topic like importance of business strategy. You can say that business strategy is the life line for every sort of business. If it is design with clear thoughts, according to business, help to promote market shares then it has so much importance for business perspective.
    For me, when you say "BUSINESS STRATEGY" it means the process in which it includes all your business plan in starting your business - from achieving short term goals to making long term goals for your company.

    When you say business strategy, it also may include on your relationship in terms of B2B (business to business) and B2C (business to clients / consumers / clients). Your business strategy will contain the whole concept of your business and your products. It will help your business be defined in a such a way that your consumers would help grow your business.
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    Quote Originally Posted by Tiger13 View Post
    Some of the best strategies I've come across happened because there weren't too many "chefs in the kitchen".
    To go after simple, focused ideas is almost always the best strategy. However, "business strategy" is a very broad concept. It can be almost anything.

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    Different business have different strategies, what strategies do you have? If you're business has a progress then you have a good strategy.

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    Try to look at different business models. There is no need for an in detail business plan. If your looking to revolutionize an industry, you should read the book "The Lean Startup" it teaches individuals how to do this with minimal cost and maximum efficiency. As the book says, "A business plan should not rely on tons of assumptions, but should be versatile and able to change directions when trouble arises." You should also read the book "The E-Myth" by Micheal Gerber. This is another title that changed the way I looked at business. it focuses on adding policies and procedures that help you remove yourself from your business. Please send me an e-mail if you would like any further information on the subject. I can recommend tons of titles and what they will help you with.

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    Effective Business strategy is the key of successful business.It includes proper business planning.It contains study about products that you are offering your customer,your target customer and new techniques which you are going to use in your business.employee of company having great contribution for success of business.

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    Effective business technique is the time management for the business that is useful to divide your complete work detail for the day, and keeps you calm.


    thanks

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    Business strategy is everything because it serves as the backbone of your business. It is a plan of action designed to achieve your goal and without it, obviously, not only will you find it difficult to achieve your goal, you might not even be able to reach it.

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    Business Ideal management is a field that offers with the major designed and emergent projects taken by general professionals on part of owners, including using sources, to boost the efficiency of firms in their exterior environments.

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    Without strategy you can not start your business... You should know where you want to go with your business. so without strategy how can you reach there.... It is call like base part of business. In terms of whatever... But you should have strategy...

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    Quote Originally Posted by kimipatel View Post
    Without strategy you can not start your business... You should know where you want to go with your business. so without strategy how can you reach there.... It is call like base part of business. In terms of whatever... But you should have strategy...
    Yes, and it is more like a plan that will help you grow your business efficiently.
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