BUS 6001 Business Strategy Management
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In the field of management, as per the course BUS 6001 Business Strategy Management, strategic management involves the formulation and implementation of the main aims and initiatives taken by a company's managers on behalf of stakeholders.
Following are three basic business strategies that exist as per the course BUS 6001 Business Strategy Management:
- A cost strategy
- A differentiated product or service strategy
- A focus on a niche strategy
Also following are the steps of the strategic management process under course BUS 6001 Business Strategy Management:
- Review or develop Vision & Mission
- Business and operation analysis
- Develop and Select Strategic Options
- Establish Strategic Objectives
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