Your business strategy is part of your company’s long term plans. Needless to say that if you’re changing the direction of your company, you first have to analyze and evaluate your current situation to determine if a change is truly necessary. Changing your business strategy should be well planned and implemented slowly, step-by-step.
Remember: You don’t have to stick to a new strategy that isn’t working simply because it’s new and you’ve decided to commit to it. Searching for a better strategy that’s suited to your and your company is a continuous process.
Written By: Christiana Mbazigwe, Duric Business Solutions, Toronto, ON, CYBF Mentor