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BUSINESS STRATEGY: EASY EXPLANATION. [Video]

BUSINESS STRATEGY: EASY EXPLANATION.

In this video, you will learn about business strategy in detail.

#businessstrategy #business #wallstreetmojo #strategy #corporatestrategy

Chapters:
00:01 – Introduction
00:35 – What is business strategy?
01:34 – Levels of business strategy
02:50 – Examples
03:50 – Business strategy vs corporate strategy
00:00 – Conclusion

What is business strategy?
Business strategy is a plan of action that defines how a business will achieve its goals and objectives.

It outlines the direction and scope of a company over the long term, focusing on gaining a competitive advantage and increasing profitability.

Business strategy takes into account factors such as market trends, consumer behavior, and the company’s strengths and weaknesses.

Levels of business strategy
Corporate level strategy
Business-level strategy
Function level strategy
Operational level strategy

Examples
We have mentioned a couple of examples in the video to illustrate the concept of business strategy better. So do, check out the examples section in the video.

Business strategy vs corporate strategy
While business strategy focuses on a specific business unit or division, corporate strategy focuses on the overall direction and growth of the company.

Corporate strategy includes decisions on mergers and acquisitions, diversification, and the allocation of resources across business units.

This will be all for this video. Don’t forget to subscribe to the channel, like the video, and share it with others.

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Resources for Accountants

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