What is strategy? | From A Business Professor

Paglalarawan

Without a strategy, a firm will be like a boat with no anchor flailing about in the open sea. A good strategy could explain how a company plans to compete in a market and how it intends to grow at a profit. In this video, I will discuss what is strategy? What is competitive advantage? Why strategy is so important for a firm, and what are the key steps to formulate a business strategy.