Strategies employed by the higher level executives play a very important role in the success or failure of a business. There is no definite strategy that would guarantee success. The strategy that has worked well for one business unit may not work for the other. The success also depends on the timing of your strategy and the products that you are offering. Your strategy needs to be distinct and different all the time. Unique strategies seem to work quite well in most of the cases.
If you ask any successful entrepreneur, they would definitely tell you that strategy plays a key role in the success of the business. Effective strategy can help the business to really prosper and reach unimaginable heights. Similarly, ineffective strategies can sink the business in a matter of days. Now, you know how important it is to carefully assess the strategies before implementing it. More »