Friday, June 20, 2014

What is a business strategy?

What is a business strategy?
Business Strategy Business strategy is about taking action to maintain once competitive advantage over a period of time.
Explanation:- For me it's all about a method used in business. I know.It's Raymon Niez you know. Some companies believe in buying up a lot of other companies. This is part of their strategy... to try to gain market share, or to get more customers, and therefore more profit. Another strategy could be to sell something that no one else offers... a great strategy if you can figure out something brand new.If you are a pizza place that wouldn't be your strategy though... a zillion places sell pizza. So you have to come up with something else to help sell yours over the other stores. Maybe you offer more toppings for the same price, or your pizzas are bigger, or you deliver to a really large area in 30 minutes, guaranteed. Maybe your strategy is to not deliver at all, but to be a place where people come to play games or to go on a date. Whatever the strategy is, it is usually based on "how do I differentiate myself from the competition?" ... how do I make people want to come to me for a specific product or service? How you do that is your strategy... your business strategy.

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