Defining Your Business Strategy
Business Woman Coaching in Houston to Determining Business Direction
By defining your business strategy clearly, you can develop your business or growth plan to achieve your business and personal goals.
Remember, you cannot be all things to all customers. You do not have to be the market leader to compete successfully, but you do need to focus on your company’s strengths to find a way to differentiate from other competitors.
Once defined, your business strategy sets priorities for the company and management team and helps you attract and retain the talented workers you need. Although each department in your company may focus on different priorities to accomplish specific tasks, these priorities should not conflict with the overall strategic direction of the company.
- Why is the company in business?
- What are we best at doing?
- Which customers should we continue to serve or start serving?
- Which products/services should we stop offering, continue to offer, or start offering?
- Why have we decided on these strategic directions?
Source: Entrepreneurship
Patty Block, President and Founder of The Block Group, established her company to advocate for women-owned businesses, helping them position their companies for strategic growth. Charting the course for impactful, sustainable, profitable businesses, the beacon is control: of your strategic direction, your money, your time, your staffing, and your ability to bring in business. The Block Group brings together the people, resources and ideas that build results.
Business Woman Coaching in Houston to Determining Business Direction.
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