Business Strategy is a field of management that focuses on the formulation and implementation of plans and strategies to achieve organizational objectives. It involves the development of a vision and mission, setting of objectives, and the identification of resources and capabilities needed to achieve the objectives. It also involves the analysis of the external environment to identify opportunities and threats, and the development of strategies to capitalize on opportunities and mitigate threats. Business Strategy also involves the development of a competitive advantage, which is the ability to outperform competitors in the marketplace. Business Strategy is a key component of corporate strategy, which is the overall plan for the organization. It is also closely related to other fields such as marketing, operations, and finance. Some companies in the Business Strategy market include McKinsey & Company, Bain & Company, Boston Consulting Group, Deloitte, Accenture, and PwC. Show Less Read more
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