What is business strategy?

Discussion in 'Growing and Managing a Business' started by businessampm.com, Mar 15, 2014.

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  1. businessampm.com

    businessampm.com
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    Business strategy is one kind of plan that Integrate the company mission, vision , value and goal.
     
  2. Spock

    Spock
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    Business development is identifying potential channels (e.g. partnerships, opportunities, etc) that would help drive the growth of a business. Each would then need to be considered specifically on what tasks would need to be completed to reach those channels, and then how each channel can be measured.
     
  3. amal

    amal
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    A business strategy is a plan in which you put together ideas on how you would run a business, which would help you in your short term and long term as well. A business strategy is important for every business because without the strategy, there would be no plan for he business to go further.
     
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  4. Changed Creation

    Changed Creation
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    Hi Businessampm
    I have experienced and seen 2 basic types of Business Strategies. The 1st an Opportunity Seeking business strategy. Most small businesses operate from a mindset determined by an Opportunity Seeking Mindset. According to this strategy the business owner keeps eyes open for money-making opportunities and this results in trials and errors, a difficulty to focus down on becoming the best in a particular niche, long hard working hours and a struggle to find and retain clients. The Wealth Creator Strategy, in contrast focuses on specific skills that have to be developed in a particular sequence; also requires time, effort and money, but a focus on minimizing risk and often results in not only financial freedom , but also freedom on all levels. Both strategies are used by business owners in pursuit of business success, but the results of those following an opportunity seeking mindset equate to the high business failure percentage! Hope this will get you thinking about the strategy of your business!
     
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  5. Henry Calvin

    Henry Calvin
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    First create your business website. Then start Seo and social media marketing for your website.
     
    #5 Henry Calvin, Mar 19, 2014
    Last edited by a moderator: Mar 19, 2014
  6. MikePeterson

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    Business strategy implies a strategy made to achieve success in a business. The three phases which it includes are analysis, integration and implementation.
    Analysis: It is the first step of this strategy where several relevant things are taken care of and analyzed for getting success.
    Integration: It is the one second process which is usually used in the huge business planning processes.
    Implementation: It is the last step where the business units or teams implements the results came out from the above two purposes for the benefit of the business.
    Thus business strategy is the set of these processes.
     
  7. Karuna

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    You are talking about the vision. Not necessary it should be 10 years.
    Business strategy is the art,science and craft of decision making.Those small decisions you make to maximize your long term goals.
     
  8. marklee

    marklee
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    Yes I agree with you,Business strategy is the planning before start any business,mission,vision,value & goal are the four major factors matter a lot before start any business.
     
  9. mhseopro

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    An enterprise method can be a prepare when you blended tips on what you would probably operate a organization, which will help you in your own personal short-run along with in the long run at the same time. An enterprise method is vital for every single organization because devoid of the method, there is zero cover they business to travel further more.
     
  10. infinityweb

    infinityweb
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    Nicely said Mike! Thus, a business strategy must be well-implemented from a well-planned process. It entails persistence, consistence and techniques needed to adapt to certain circumstances.
     
  11. marklee

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    Yes Business strategy is the beginning process before start any business,if we plan well then we easily achieved our goals.
     
  12. kenzo

    kenzo
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    In my opinion, business strategy is simpy thinking about pros and cons before performing any action, and conscious choice of the best opportunity. You have to know why you do certain things, and what benefits these actions will bring.
     
  13. Aleena

    Aleena
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    A strong business strategy means successful business!
     
  14. Lysette

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    Best Business Strategies

    Hello,

    Best business strategy is the strategy which can improve your social presence over the web and boost your sales and growth. We are mentioning here following ways:
    1. First, know your targeted audiences
    2. Design an interactive business website or product design
    3. Set an appropriate price
    4. Use social media to spread your business services or products information
    5. Buy social media services to get benefits fast. Such as YouTube views, likes, comments, Instagram services etc.
     
  15. SeedsIntoApples

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    HUH? would you not need to have a direction, hence business strategy, before creating anything? Direction will help you reach your goal. I'm not so sure about creating a website before you know where you are going and how you are going to get there... and how much fun you will have along the way :D
     
  16. Zwillson

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    Business strategy is the best way to use to improve your business by doing for your own tactics. Therefore, when you say "Business Strategy" you need a long term to think if what you're doing about this, for example, you need to know if what is your 1st plan to do, or what is your want to do to make your own strategy for your business.
     
  17. himanshiets02

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    business strategy is converting your ideas into practicals once to achieve your goal of company in order to make your business successful
     
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