Business

5 Key Business Strategies

These strategies are designed to allow the business owner or key person in the business to run their business more effectively and increase net profits.

They may be applied either at a strategic and governance level, or at a management and implementation level.

The 5 key business strategies are:

  1. Planning Long and Short Term
  2. Sales and Marketing
  3. Operations and Delivery
  4. Administration and Finance
  5. People

By allocating time and effort in each of these areas the business owner is able to make sure they are on track to getting the results that they require. If you think of any business there should be a planning component, a doing component, an administration component and a governance component. Because businesses are run and operated by humans and not robots it sometimes easy to focus on the individuals area of expertise rather than allocating resources across all areas.

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