Definition of a Business Strategy

A Service from Umbach Consulting

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What is a Business Strategy?

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Definitions of strategy vary substantially.
Here are six general descriptions that most authors would agree with:


Strategy Definition  An approach to bring about a desired future

Strategy Definition  A long-term approach to achieve objectives

Strategy Definition  The art of planning and allocating resources for their most effective use

Strategy Definition  How a business competes successfully in a particular market

Strategy Definition  Making entrepreneurial decisions and committing resources

Strategy Definition  Strategic decisions about choice of products, meeting needs of customers,
      gaining advantage over competitors and exploiting opportunities

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"The essential question is: What new and different things do we have to do,
and when?"

"A company's primary responsibility is to serve its customers, to provide the goods
or services, which the company exists to produce"

- Peter Drucker -

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Making your strategy actionable to achieve business results:
Clear focus on marketing, communication and outcome

English: Tips for Success Download
Deutsch: Tipps zum Anpacken Download