1. What is business strategy and how is it defined? (You willneed to access
this answer from an outside source)
2. When it comes to Business strategy we often use an acronym SCAas an end
state to our strategy. What does SCA stand for and how do weestablish it?
3. What are the common steps companies take when formulating abusiness
strategy? In other words, list the steps.
4. What are the business levels companies address when formulatingstrategy and
what are some common strategies at each level? (Please use theClass Notes to answer this question and not the textbook).
5. Please describe functional strategies according to yourconcentration. For
example, Marketing, Accounting, Finance, Human Resources orManagement and
Information Systems, please research and describe functionalstrategies you
will soon be responsible for at the departmental level.
1. What is business strategy and how is it defined? (You willneed to access
this answer from an outside source)
2. When it comes to Business strategy we often use an acronym SCAas an end
state to our strategy. What does SCA stand for and how do weestablish it?
3. What are the common steps companies take when formulating abusiness
strategy? In other words, list the steps.
4. What are the business levels companies address when formulatingstrategy and
what are some common strategies at each level? (Please use theClass Notes to answer this question and not the textbook).
5. Please describe functional strategies according to yourconcentration. For
example, Marketing, Accounting, Finance, Human Resources orManagement and
Information Systems, please research and describe functionalstrategies you
will soon be responsible for at the departmental level.
