Master Plan Story
What is Brand Strategy?
In essence, a business strategy is an organizational master plan. This plan is what the management of a company develops and implements to achieve their strategic goals. Essentially, a business plan is a long-term sketch of the desired strategic destination for a company.
This long-term sketch will contain an outline of the strategic, as well as tactical decisions a company must take to reach its overall objectives. This business strategy will then act as a central framework for management.
Key components of a business strategy
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Vision and objectives
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Core values
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SWOT (strengths, weaknesses, opportunities and threats)
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Tactics and operational delivery
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Resources and resource allocation
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Measurement and analysis
