What is business strategy and how is it defined? (You will need to access this answer from an outside source)

Please answer questions –

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1. What is business strategy and how is it defined? (You will need to access
this answer from an outside source)

2. When it comes to Business strategy, we often use an acronym SCA as an end
state to our strategy. What does SCA stand for and how do we establish it?

3. What are the common steps companies take when formulating a business
strategy? In other words, list the steps.

4. What are the business levels companies address when formulating strategy and
what are the generic strategies at each level? (Please reference the Class Notes to answer this question).

5. Please describe functional strategies according to your concentration. For
example, Marketing, Accounting, Finance, Human Resources or Management and
Information Systems, please research and describe functional strategies you
will soon be responsible for at the departmental level.