Business Strategy refers to the plan or approach that an organization adopts to achieve its long-term goals and objectives. It encompasses the decisions and actions a company takes to gain a competitive advantage in its industry and effectively allocate resources to maximize growth and profitability. A business strategy typically involves analyzing market conditions, understanding customer needs, evaluating competitors, and identifying unique value propositions. It can be divided into various components, including corporate strategy, competitive strategy, and operational strategy, each focusing on different aspects of the business. Overall, a well-defined business strategy provides a roadmap for the organization, guiding its direction and decision-making processes.
In today's fast-changing business landscape, the capacity for *agility* has emerged as a vital skill for thriving amid relentless change. Business leaders have seen a momentous transformation in organizational operations,…
