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Healthcare Glossary

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Business strategy

The means by which a business works towards achieving its stated aims. A Business Strategy will analyse the elements associated with buyers and competitors and the business itself providing the foundation for sustaining optimum management techniques. The aim of strategic management is to maintain advanced arrangement of corporate tactics and strategic objectives.

See also:
Business Plan
Balanced Scorecard
Boston Matrix
Corporate Stratgey
Corporate governance
Cost-benefit analysis
Critical success factors
Decision making unit (DMU)
Drivers
Organic growth/development
SMART objectives
Tactical planning
Vision

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