Business Strategy

Business Strategy

Strategy, in the simplest of forms, refers to a plan of action designed to achieve a particular goal. Strategy is usually thought of as a management tool suitable only for large organisations with MSMEs not feeling the need for it. It is important to understand that  strategy is an imperative for organisations of all sizes alike.  A well formulated strategic plan provides a direction and a clear vision of a firm’s purposes and objectives to its employees.

A good business strategy is formed by proper utilization of following fundamentals:

Resources: 

In the 20th century, the subject of strategic management has been particularly applied to organizations, most typically to business firms and corporations. A few good books on business strategy are