easily assess whether the activities are it brings you closer to your goal. Competitive is telegram available in south korea advantage By developing a clear plan to achieve your goals you can focus on using your strengths and use them as competitive advantages that differentiate your company. Components of business strategy business strategy Business vision and goals. A well-planned strategy is designed to help you achieve your business goals. With a vision of business direction you can make clear statements in your business strategy to explain what needs to be done and who is responsible.
Core Values. A good strategy will guide top managers and departments on dos and don'ts that should be consistent with the organization's core values. SWOT analysis. SWOT consists of strengths, weaknesses, opportunities and threats, a planning process that helps your company overcome challenges and determine overall goals. This analysis is included in every strategy you must carry out because it allows the company to rely on its strengths and use them as an advantage.