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  • #16
    Re: Business Strategy

    Marketing strategies must optimize the marketing elements such as product, price, place, promotion to maximize profits !
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    • #17
      Re: Business Strategy

      Every business for sucess have to build some strategies. Business stragies is a planing for business development. And good strategies is give to successful business. The resources will help you develop your strategy and execute it well.
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      • #18
        Re: Business Strategy

        A business strategy typically is a document that clearly articulates the direction a business will pursue and the steps it will take to achieve its goals. In a standard business plan, the business strategy results from goals established to support the stated mission of the business. A typical business strategy is developed in three steps: analysis, integration and implementation.In the analysis step of business strategy development, one of several methods is used to analyze a firm’s market, resources, obstacles to success and specific advantages. The goal of strategic analysis is to identify what a business wants to accomplish, the strengths it can bring to bear on accomplishing the goal and weaknesses that need to be addressed prior to integration and implementation. Strategic assessment methodologies can include evaluating the business environment, gaming various competitive scenarios, determining what market forces are at work and rating competitors, among others.
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        • #19
          Re: Business Strategy

          According to me, Business strategy is the foundation of successful business. Integrating a business strategy usually is of lots of steps in a bigger business planning system. A strategic plan must be realistic & flexible. Strategies exist at several levels in any organisation ranging from the general business through to individuals working in it.
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          • #20
            Re: Business Strategy

            The best business strategies must steer a course between the inevitable internal pressure for business continuity and the demands of a rapidly changing world.If you are unsure of what types of business strategy are right for your business, try this as a simple exercise: take a piece paper and at the bottom, write a brief account of where the business is now. Then at the top, write where you want the business to be in ‘x’ amount of years (you decide the period). Next, in between the two write what you need to do and when you to do it to get from the bottom of the page to the top. This exercise shouldn’t take more than an hour.
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            • #21
              Re: Business Strategy

              The best business strategies must steer a course between the inevitable internal pressure for business continuity and the demands of a rapidly changing world.

              Andrew Grove, who led Intel to greatness, makes a clear distinction between strategic action and strategic plans. He believes that business strategy models should not: just be statements of intent; come across like a political speech; have concrete meaning only to management; concern themselves with events far in the future or have little relevance to today.

              If you are unsure of what types of business strategy are right for your business, try this as a simple exercise: take a piece paper and at the bottom, write a brief account of where the business is now. Then at the top, write where you want the business to be in ‘x’ amount of years (you decide the period). Next, in between the two write what you need to do and when you to do it to get from the bottom of the page to the top. This exercise shouldn’t take more than an hour.

              You can read more about different types of business strategy in the articles below.
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