In ten easy steps, you can create a business strategy.
1. Create a clear vision. Vision is a broad term that has varied connotations for different people. A vision, often known as a vision statement, is a projection of the future. It should include ambitions for the type of organization you want to be, and, unlike a mission statement, it defines success in concrete terms (customers, markets, volume, etc.). 2. Identify the source of competitive advantage. Identifying how a firm can give distinctive value to its customers is at the heart of strategy.
