Which area of the business would you recommend XYZ focus on at this time?
Strategy - Business strategy refers to the overall plan for a business. The strategy sets out the direction for the company and what it wants to achieve in the long term for business success. The strategy defines which markets the business needs to compete in, which activities will give it a competitive edge and how its resources will be used to achieve the overall plan.
People - People refers to the all the drivers within the business that create an environment for talent, motivate and retain associates to do their best work. People practices define how the organization will achieve it’s strategic goals. Emphasizing people means there is an emphasis on culture and the way the organization operates as a collective unit.
Profit - Profit looks at organizational efficiencies. Profit is a relationship with shareholders, spend and financial forecasting which influences innovation velocity and business maintenance. Profit ensures the company is positioned for long term, sustainable growth.
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