Business Strategy

"Did you see Rodrigo 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.

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Content Library: Business Strategy
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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.

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  • Intermediate
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    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.

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    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.

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

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  • Intermediate
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    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.

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  • 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.

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  • Intermediate