A pivot is usually a fundamental change by the business in some key function of its operations, and it might be done for a variety of reasons. In large corporate companies, there are typically a number of business units or divisions/departments that will each have their own business level strategy. That strategy is concerned with how that business unit will compete and succeed in the particular market/business that the corporate strategy has decided the organization wants to be in.
What are the five 5 different phases of strategy?
- Determine your strategic position.
- Prioritize your objectives.
- Develop a strategic plan.
- Execute and manage your plan.
- Review and revise the plan.
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