Business Strategy

"Did you see Remy announced his company's plan to enter 5 new markets, and for each market the company will be partnering only with hotel companies? That's a real sharp business strategy."

Before getting into the skills for Business Strategy, it's worth breaking down the term. Business Strategy is a long term plan of action designed to achieve a particular goal or set of goals or objectives for a business.

Strategy is a company's game plan for strengthening the performance of the business. Strategy is a core part of business, but even having a good strategy and executing it well doesn't guarantee success.

Skills that contribute to excelling as business strategy include critical thinking, facilitating group discussion, persuasion, decisiveness and problem solving.

Connect with an Expert
Content Library: Business Strategy
Develop skills in risk taking more_vert
Develop skills in risk takingclose

A mind map to help teachers design experiences that encourage learners to take risks

Build your skills in:
  • Risk Taking
  • Systems Thinking
  • Self Control
  • About
  • Free
  • Intermediate
  • Grow your e-Commerce skills more_vert
    Grow your e-Commerce skillsclose

    The world of e-Commerce brings new opportunities and challenges for your business. It helps you sell to more consumers all over the world, with more products and services. You can be open to online shoppers 24-7, 365 days a year. But, factor in high levels of competition. And, factor in set-up and integration with key systems like digital marketing, supply chain, IT and customer service.

    Build your skills in:
  • eCommerce
  • Content Marketing
  • Design Thinking
  • About
  • Free
  • Basic
  • Learning from Mistakes more_vert
    Learning from Mistakesclose

    Whenever we make a mistake, we're faced with a choice: we can choose not to admit that something is wrong, which may doom us to repeat the same mistake in the future; we can inadvertently ignore the fact that we did something wrong; or we can figure out why we made the mistake and change our behavior so that we don't repeat it.

    Build your skill in:
  • Active Learning
  • About
  • Free
  • Intermediate
  • The TED guide to public speaking more_vert
    The TED guide to public speakingclose

    Since taking over TED in the early 2000s, Chris Anderson has shown how carefully crafted short talks can be the key to unlocking empathy, stirring excitement, spreading knowledge, and promoting a shared dream.

    Build your skills in:
  • Public Speaking
  • Presentation Skills
  • Persuasion
  • About
  • Free
  • Intermediate
  • 5 Skills needed for fundraising in the nonprofit sector more_vert
    5 Skills needed for fundraising in the nonprofit sectorclose

    Fundraising is often carried out by professional staff with the relevant training and experience, but many members of staff and volunteers will also be involved at all levels, whether collecting at events or writing grant applications.

    Build your skills in:
  • Fundraising
  • Negotiation
  • Business Acumen
  • About
  • Free
  • Basic
  • 7 steps for successful IT vendor selection more_vert
    7 steps for successful IT vendor selectionclose

    Selecting a technology vendor is probably one of the most important tasks that an IT leader will undertake. It can be a complicated and emotional process if the organization lacks the right team of people who have the knowledge and expertise to undergo a successful selection process.

    Build your skills in:
  • Empathy for Co-workers and Vendors
  • Select Vendors
  • Planning for Projects
  • About
  • Free
  • Intermediate