Define the term business strategy in your own words.

Definition : Define the term business strategy in your own words.
Formulation : Briefly outline the steps involved in formulating a business strategy.
Responsibilities: Explain who is responsible for and who benefits from good business strategy.
Corporate vs. business unit strategy : Describe at least two ways in which a corporate strategy is different from a business unit strategy.
Guidelines for Submission
Submit a one-page Word document with double spacing, 12-point Times New Roman font, and one-inch margins. You are not required to use sources; however, if you choose to use sources, they should be cited in APA format. Consult the Shapiro Library APA Style Guide for more information on citations.

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