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- Business strategy is the plan of action that a company adopts to achieve its goals and objectives12.Some examples of business strategy are12:
- Creating a new market: Hubspot created a market that didn’t even exist – inbound marketing1.
- Buying the competition: Facebook acquired its rivals such as Instagram and WhatsApp to eliminate threats and expand its user base1.
- Product differentiation: Apple offers unique products that are innovative, user-friendly, and high-quality2.
- Cost leadership: Walmart offers the lowest prices in the retail industry by reducing its operational costs and leveraging its economies of scale2.
- Focus: Starbucks targets a niche market of coffee lovers who are willing to pay a premium for its products and services2.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Business Strategy Examples
- Creating A New Market Hubspot developed an executed a perfect strategy where it created a market that didn’t even existed – inbound marketing. ...
www.feedough.com/business-strategy-definition-le…Examples of business strategy
- Cost leadership Cost leadership creates a competitive advantage by having the lowest cost of production in their respective industry. ...
thestrategystory.com/blog/what-is-a-business-strat… - People also ask
3 Business Strategy Examples to Inspire Your Own
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Creating value for the customer and company determines whether a business strategy is successful. According to Harvard Business School Professor Felix Oberholzer-Gee in the HBS Online course Business Strategy, "These companies don't win by having … See more
Companies considering a shift in business strategy are often facing financial hardships. Whether an impending bankruptcy, … See more
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