Business Strategy Advisory Firm in India
What is a Business Strategy? Business strategy is about setting plans and actions to achieve business goals. An organization’s business strategy consists of the following: Scope : Scope is the breadth or span of the firm’s domain, and it includes the number and type of industries or markets the firm wants a presence in. The scope also refers to the range of a business’s offerings. Goals : Goals refer to metrics such as volume growth, profits, or return on investment over a particular period Resource deployment : There is always going to be a shortage of resources. Adequate resource allocation across departments and activities is key to a firm’s strategy. Identify a sustainable competitive advantage : This differentiating aspect keeps a firm ahead of its competitors, and it also assists in maintaining and expanding its customer base. Synergy : A business strategy has various aspects such as products, markets, and resources. When these come together and complement each other