Business strategy refers to the plan or approach that an organization uses to achieve its long-term goals and objectives. It outlines how a company intends to compete in its market, allocate resources, and manage operations to gain a competitive advantage. A well-defined business strategy encompasses various elements, including market positioning, target customer segments, value proposition, and operational efficiencies. It serves as a roadmap to guide decision-making and prioritize actions, aligning resources and efforts towards achieving growth and profitability. Business strategy can include various types, such as cost leadership, differentiation, or focus strategies, depending on the organization’s aims and market conditions.
The year 2024 is anticipated to be a tumultuous one for the commercial real estate industry. Professionals in this field have coined the phrase "Survive to '25" as a reminder…