Hi everyone, I am starting a series of Business strategy to help you plan your 2022 business strategies. The EP1 is to discuss what is business strategy and why it is important.
Now, why is having a business strategy important? Regardless of the size of your business, you need to have an effective business strategy. Reasons are:
1. It provides the focus and increase productivity.
2. It enables goal-driven decision making.
3. It increases your opportunity to achieve the goal.
4. It helps you understand your strength and weakness better.
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