Business strategy is the direction and scope of an organization over the

long term, which achieves advantage in a changing environment through its

configuration of resources and competences.

A set of related actions that managers take to increase their company’s

Performance.

Understanding how and why companies are successful, while others go bankrupt, has much to do with the business strategy they employ. Would you say these two definitions do a decent enough job of explaining business strategy? Why or why not? What other definitions are you fond of…

Provide the answer using APA standard and provide refrence

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