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6 Business Strategy Examples

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A business strategy is an action plan designed to achieve a goal. Strategies differ from tactics, in that a strategy is a plan for the future and a tactic is a plan to handle a current situation. The future is uncertain. Therefore, strategies often make assumptions about future business conditions. The following are a few examples of business strategy

1. Sales Strategy

An online retailer develops a strategy to offer a premium membership for a fee that will include free shipping on orders of any dollar amount. The strategy is designed to improve revenue since premium members will have incentive to order more often to take advantage of the free shipping. The strategy makes assumptions about future shipping costs and how customers will behave when they have unlimited access to free shipping.

2. Marketing Strategy

A publisher of college text books develops a strategy to offer a number of free apps for mobile devices. The publisher is facing a customer backlash against the high price of text books and is hoping the free apps will improve customer relationships. The strategy relies on predictions that the apps will be popular with their customer base.

3. Information Technology Strategy

A bank develops an IT strategy to implement multi-factor authentication for all its customer systems. The goal of the strategy is to reduce costly security and fraud incidents. The strategy makes the assumption that multi-factor authentication will be effective against future security threats.

4. Program Strategy

A program management team develops a strategy to outsource a number of projects in order to transfer a number of project risks to an outsourcing partner. The goal of the strategy is to reduce overall program risks. The strategy assumes a number of things about outcome of the outsourcing arrangement. For example, it assumes that the outsourcing partner won't suddenly go bankrupt.

5. Human Resources Strategy

A human resources department develops a strategy to improve performance reviews by requiring managers to seek feedback from the teams they manage. The goal of the strategy is to reduce instances of toxic behavior that has resulted in low employee morale and legal costs. The strategy makes the assumption that employees who have a toxic manager would be brave enough to criticize them in a formal review process.

6. Sustainability Strategy

A courier develops a strategy to convert its entire fleet of delivery vehicles to electric. The goal of the strategy is to reduce energy costs and improve the sustainability of the company's operations. The strategy makes assumptions about future grid electricity and solar panel costs.

Business Strategy

This is the complete list of articles we have written about business strategy.
Added Value
Advertising Strategy
Algorithmic Pricing
Bargaining Power
Bricks And Clicks
Business Development
Business Environment
Business Goals
Business Models
Business Objectives
Business Outcomes
Business Scale
Business Strategy
Business Transformation
Camping Strategy
Channel Strategy
Club Goods
Communication Strategy
Competitive Advantage
Competitive Intelligence
Complementary Goods
Cost Advantage
Cost Reduction
Cost Strategy
Critical Success Factors
Customer Analysis
Customer Service
Cut And Run
Defensive Publication
Designer Label
Digital Maturity
Distinctive Capability
Do Nothing Strategy
Economic Moat
Economies Of Scale
Fail Often
Fail Well
Innovation Culture
Inventive Step
Long Tail
Management Strategy
Market Development
Market Maker
Market Research
Marketing Experimentation
Mass Customization
Operational Efficiency
Plateau Effect
Point Of No Return
Price Discrimination
Price Leadership
Pricing Strategy
Product Strategy
Promotion Strategy
Razor And Blades
Relative Advantage
Resistance To Change
Risk Management
Sales Strategy
Ship Often
Strategic Advantage
Strategic Communication
Strategic Drivers
Strategic Planning
Strategic Vision
Strategy Failure
Strategy Monitoring
Strategy Risk
Target Market
Test Marketing
Trade Dress
Trade Secrets
Turnaround Strategy
Two Sided Market
Types Of Strategy
Voice Of The Customer
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