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BUS 6001 Business Strategy Management

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In the field of management, as per the course BUS 6001 Business Strategy Management, strategic management involves the formulation and implementation of the main aims and initiatives taken by a company's managers on behalf of stakeholders.

Following are three basic business strategies that exist as per the course BUS 6001 Business Strategy Management:

  • A cost strategy
  • A differentiated product or service strategy
  • A focus on a niche strategy

Also following are the steps of the strategic management process under course BUS 6001 Business Strategy Management:

  • Review or develop Vision & Mission
  • Business and operation analysis
  • Develop and Select Strategic Options
  • Establish Strategic Objectives

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