What are the Key Components of a Business Strategy?
Some of the key components of a business strategy include:
Vision and Mission Statements: These define the company's purpose and primary objectives. SWOT Analysis: Identifying strengths, weaknesses, opportunities, and threats. Core Values: Principles that guide the behavior of the organization. Goals and Objectives: Specific outcomes the business aims to achieve. Action Plans: Detailed plans on how the company will achieve its goals.