What are the different types of business strategies?
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What are the different types of business strategies? What are the differences among these strategies? How do you determine which type of strategy is most appropriate for your organization?
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Solution Summary
The cited solution presents five different types of business strategies together with a sentence or two of explanation for each.
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Business strategies can be as varied as business itself, but there are some general statements that can be made about strategy.
1. A stability strategy
2. A growth strategy
3. A vertical integration strategy
4. A merger strategy
5. A product elimination strategy
Underlying all business strategies is the concept of profitability, and the emphasis on certain strategies reflects the interest and capabilities of the ...
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