Business strategy
As the director of strategic planning, you want to ensure that all your managers understand business strategy, including what a strategy is, how it’s created, and who is responsible.
Prompt
Create a one-page document describing business strategy for mid-level managers.
Specifically, you must address the following criteria:
Definition : Define the term business strategy in your own words.
Formulation : Briefly outline the steps involved in formulating a business strategy.
Responsibilities: Explain who is responsible for and who benefits from good business strategy.
Corporate vs. business unit strategy : Describe at least two ways in which a corporate strategy is different from a business unit strategy.
Submit a one-page Word document with double spacing, 12-point Times New Roman font, and one-inch margins.
