THE BUSINESS STRATEGY CONCEPT

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1THE BUSINESS STRATEGY CONCEPTNAME:INSTITUTIONCOURSE NUMBERCOURSE TITLE:INSTRUCTOR’S NAME:DUE DATE:2THE BUSINESS STRATEGY CONCEPTA business strategy is simply the roadmap or blueprint of any organization used to ensurethat the external environment’s threats are gradually reduced, therefore reducing potentialvulnerabilities to the internal business structure. Therefore they ensure that the productivity andopportunities are combined therefore increasing productivity and reducing weaknesses.Additionally, the business strategy is the core approach that determines an organization’s goals,mission, operations, and targets. Therefore, an organization meets its vision and targets through astrategy by making adjustments to the overall fiscal performance. Furthermore, an organizationshould appropriately define it’s IS and organizational strategies to meet the strategies. Throughthe appropriate definition, leaders can organize and plan on meeting the organization’sobjectives. Park & Mithas (2020).The business strategy is essential since it plays an active role in product differentiation,the focus of the business, and cost leadership. Therefore this allows companie … Purchase document to see full attachment

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