{"id":14991,"date":"2013-05-02T13:02:12","date_gmt":"2013-05-02T07:32:12","guid":{"rendered":"http:\/\/vskills.in\/certification\/tutorial\/?p=14991"},"modified":"2024-04-12T14:14:34","modified_gmt":"2024-04-12T08:44:34","slug":"business-strategies-of-a-firm","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/business-strategies-of-a-firm\/","title":{"rendered":"Human Resource Management | HR Staffing | Business Strategies of a firm"},"content":{"rendered":"

Certify and Increase Opportunity.<\/span>
\nBe <\/span>
\nGovt. Certified HR Staffing Manager
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Business Strategies of a firm<\/strong><\/h1>\n

\"images\"<\/a>A business strategy is the means by which it sets out to achieve its desired ends (objectives). It can simply be described as a long-term business planning. Typically a business strategy will cover a period of about 3-5 years (sometimes even longer).
\nA business strategy is concerned with major resource issues e.g. raising the finance to build a new factory or plant. Strategies are also concerned with deciding on what products to allocate major resources to – for example when Coca-Cola launched Pooh Roo Juice in this country.
\nStrategies are concerned with the scope of a business’ activities i.e. what and where they produce. For example, BIC’s scope is focused on three main product areas – lighters, pens, and razors, and they have developed superfactories in key geographical locations to produce these items.<\/p>\n

Two main categories of strategies can be identified:<\/strong><\/p>\n