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Setting up Business Strategy
24 Minute MBA

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Module 1 | 24minMBA | |
---|---|---|
Unit 1 | 24 Minute MBA Pretest | |
Unit 2 | Setting up Business Strategy | |
Unit 3 | Developing Innovation | |
Unit 4 | Leadership Skills | |
Unit 5 | Organizational Behavior | |
Unit 6 | Marketing Campaigns | |
Unit 7 | Essential Sales Skills | |
Unit 8 | Emotional Intelligence | |
Unit 9 | Legal Documentations | |
Unit 10 | Financial Reporting Today | |
Unit 11 | Project management | |
Unit 12 | Information Technology | |
Unit 13 | Business Expansion | |
Unit 14 | 24 minute MBA Posttest |
Survey Questions
In this video we will learn the essential aspects of setting up a strategy for your business. A solid Strategy helps a business focus the energy of its staff and make use of its resources to ensure long term success and growth. Without a good strategy companies loose focus and end up failing on the long run.
To setup a strategy, you need to think about 3 key considerations:
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Define your mission as a business. What do you do, how do you do it and for whom do you do it? The key here is to determine what sets you apart from the competition
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Identify a few goals for the coming 1 to 3 years that if met, would ensure that you are delivering the right services to the right clients and are maintaining a healthy business
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Break up the goals and set monthly key performance indicators (KPIs) that you need to track and cascade to each department and employee so everyone is clear about how they contribute to the overall goals.