business strategy

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Business Strategy

The principles guiding how a business uses its resources to achieve its goals. A strategy states a business's focus and indicates the basic steps the business will use to achieve it. The ultimate aim of any strategy is to make money, but each company takes a different (sometimes very different) approach to achieve this goal. Business strategies are widely studied and discussed in management consulting.

business strategy

the formulation of long-term plans and policies by a firm which interlock its various production and marketing activities in order to achieve its business objectives. See FIRM OBJECTIVES, COMPETITIVE STRATEGY, HORIZONTAL INTEGRATION, VERTICAL INTEGRATION, DIVERSIFICATION.
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It analyzes how these firms have developed their business strategies and corporate governance and the interrelationship between the two at this point in the economic reform process.
Business strategy and corporate governance in the Chinese consumer electronics sector
Business strategies often warrant revisiting once the risks inherent in those strategies are fully understood.
Which comes first ... managing risk or strategy-setting? Both! Effectively integrating risk management with the strategy-setting process enables management to focus on achieving its expected return while controlling its accepted risk exposure
All these measures must be tied to the company's business strategies so, when considered together, they become a barometer of how well those goals are being met.
A smarter way to run a business
Success also will require a new attitude toward marketing and strategic planning as well as markedly different business strategies and new sets of business assumptions.
Strategy is not a dirty word

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