A freshman or sophomore is likely to spend half of class time in an auditorium. How absurd that these places charge $150,000 for four years to educate our best and brightest yet have the nerve to so heavily use the cheapest, least effective method of instruction: the large lecture.
Business strategy will affect the small companyâs functional decisions such as the selection of its promotions and distribution channels. Corporate Strategy. When a business identifies opportunities outside its original industry, it might contemplate diversification. When additional businesses become part of the company, the small business owner must consider corporate-level strategy.
So, what is a business strategy? Strategy is different from vision, mission, goals, priorities, and plans. It is the result of choices executives make, on where to play and how to win, to maximize long-term value.âWhere to playâ specifies the target market in terms of the customers and the needs to be served.he target market, value proposition, and capabilities must hang together in a coherent way. And good strategies call for the right amount of âcapabilities stretchâ: not too much or too little change from the capabilities a business already has. Every company faces innumerable options for where to play and how to win.