The 5 strategies used by entrepreneurs to succeed in their small business are 1. Make strategic planning a top priority
2. Keep a close eye on your competitors
3. Work to broaden your client base
4. Stay close to your customers
5. Monitor profit margins.
Without a well-defined and well-crafted strategy, your small business will fail. An important aspect of small business strategy is the marketing plan you use to attract potential customers. Without a clear marketing plan, you will lose many potential customers.
Corporate strategy is the means by which an organization builds and restores its fundamental relationship with its environment. It is a strategy characterized by broad and more or less simultaneous changes in the pattern of decision making in an organization.
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