The business strategy
Example: Business strategy defines long-term goals and actions to achieve success
Definition
"The business strategy" refers to a plan developed by an organization that outlines its long-term goals and the actions required to achieve competitive advantage and overall success in the market. It guides decision-making and resource allocation within the company.
Etymology
The phrase "the business strategy" combines 'business', originating from the Old English 'bisignis' meaning 'anxiety' or 'occupation', reflecting commercial activity, and 'strategy,' derived from the Greek 'strategia', meaning 'generalship' or 'the art of war'. Together, they describe a planned approach to managing and succeeding in business.
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"The business strategy" appears in the Vocaplus list "English - Management - (A1-C2) - set 1", containing 108 commonly used words.
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