Business Strategy Consulting

Yourretailcoachae28 Mar, 2023Business

Historically, the word ?strategy? finds its etymological roots in military parlance. But the word began to be used for general, administrative, and business purposes. ?Strategy? is about specific solutions to specific problems or objectives. For instance, the lockdown was used as a strategy to curb the spread of the COVID pandemic. When economic activities go down in a country, its central bank reduces the lending rates as a strategy to encourage borrowings. Setting lower prices is a well-known market-entry strategy.