business strategy

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.
References in periodicals archive ?
Although business strategy is frequently discussed in the literature, according to Herbert and Deresky (1987, p.
While human capital has been shown to have an important effect on firm performance [4], its effect on business strategy has been largely neglected.
"At the same time, in order for the deal to take place, a consultant should be attracted and a business strategy should be prepared.
Serra, a project management professional, researcher, and entrepreneur, offers a guide that illustrates the benefits realization management process to help portfolio, project, and program managers improve business value, align projects with business strategy, and ensure business operations realize expected benefits after the end of program and project lifecycles.
The Manila-headquartered Asian Development Bank (ADB) has charted a business strategy covering the period of 2015 to 2017 for its dealings in Azerbaijan, according to a top official of the donor agency.
From business strategy to information technology roadmap; a practical guide for executives and board members.
Birnbaum has recently served as vice president of Business Strategy at ANSYS and prior to that he was vice president, Business Strategy for ANSYS.
Creation and implementation of business strategy is one of the most important initiatives of each company and has significant role in case of the future success or failure on the market.
The Chairman's Council of Union State Bank (is comprised of a wide range of local business and community leaders who voluntarily advise the Bank in the execution of its community business strategy.
Tom Cardella, who heads Miller's international brand and market development functions, including business strategy and planning, has taken on an expanded role as executive vice president for sales and distribution.
In what can be viewed as the proverbial which-comes-first, chicken or egg scenario, businesses continue to grapple with a fundamental issue: Should a business strategy be formulated prior to conducting an enterprisewide risk assessment, or vice versa?
Summary: New Delhi [India], July 13 (ANI): Chief Justice of India (CJI) Ranjan Gogoi on Friday said that Corporate Social Responsibility (CSR) should be integrated into modern business strategy.

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