Most of the previous indices of democracy have a minimalist conceptual basis which is useful to distinguish democratic from non-democratic regimes. However, 'democracy' is a complex phenomenon and a minimalist measurement cannot do justice to it. The Democracy Barometer is therefore based on a middle range concept of democracy, embracing liberal as well as participatory ideas of democracy, which illuminate the phenomenon from different perspectives).
A Definition of Business Strategy. The definition of business strategy is a long term plan of action designed to achieve a particular goal or set of goals or objectives. Strategy is management's game plan for strengthening the performance of the enterprise. It states how business should be conduct to achieve the desired goals.
NemanjaZs/iStock/Getty Images. A business model and a business strategy both answer key questions in operating a company. A business model is the systematic method used to generate revenue in a profitable company. A business strategy is a method used to achieve a core company objective.. A business model typically is conceived prior to the start of operations.