The Business Strategy that will Work Best for You
Ultimately, you have to settle for one of three business strategy options. And it is important that you are clear on what one you are going for. Your business strategy choices are, at the end of the day, very simple. The big question is, how do you want to position yourself in relation to your competition. Basically your options are : 1. To be the cheapest 2. To be the best 3. To dominate a market niche Many small businesses go for the first option, in the mistaken belief that it is only way to survive. The problem is, there will always be someone who can do what you do, more cheaply than you can. A cost leadership strategy is only really suitable for big businesses. Business
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