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.
What are the principal differences between business strategies and functional tactics? Why are these differences important? Solution Preview. Business strategy refers to a long term plan of action that is formulated by an organization to help them achieve the company's long term goals and objectives. In other words, business strategy is a management's game plan for strengthening the company's position in the market environment. In addition, it is used to guide the company's future so that the company abides by its mission and vision statements. A company without a strategy could ...