A business strategy is a powerful tool for helping you reach your business goals, defining the methods and tactics you need to take within your company. The business strategy also guides many of your organizational decisions, such as hiring new employees.
A business strategy is an outline of the actions and decisions a company plans to take to reach its goals and objectives. A business strategy defines what the company needs to do to reach its goals, which can help guide the decision-making process for hiring as well as resource allocation. A business strategy helps different departments work together, ensuring departmental decisions support the overall direction of the company.