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What are the different types of business strategies?

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What are the different types of strategies? What are the differences among these strategies? How do you determine which type of strategy is most appropriate for your organization? Please, provide an example of a corporation with its corresponding strategy.

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Solution Summary

There are five basic types of business strategy and the solution explains each with some examples.

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What are the different types of strategies? What are the differences among these strategies?

Different sources will list business strategies that may be slightly different than the following, but these are very basic strategies used in most companies:

1. Stability: For well-established companies who are profitable and happy with their market share and who have well-positioned products in stable environments, stability is good. Why fix it if it isn't broken.

2. Growth: For newer companies or for ones who envision expanding their product line or their market coverage (such as global operations), growth is ...

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