Strategies in business: The 4 types of strategies you need

In this video, I'm going to discuss the four types of strategies that are necessary in business. These strategies include corporate, competitive, functional, and operative strategies and can help you succeed in your business ventures, whether you're a small business owner or a CEO.
If you're wondering what key business strategies you need, or what business science is all about, then this video is for you! By the end of this video, you'll have a better understanding of the different types of strategies and the role they play in business success.
To access my videos on decision making use the links below:
They 5 types of decision making: • Types of decision maki...
The 7-step decision making process: • The 7 step decision ma...
The MBTI decision making process: • MBTI decision making m...
Looking for science-based fitness guidance, career coaching and self-care strategies? Explore our products, including free workouts and group training opportunities along with special offers to unlock a healthier, more empowered you. Visit www.thecheatsh... to find out more.
Key Time codes:
0:26 What is strategy?
0:43 The role of decision making in strategy
1:37 The four types of strategy
2:00 The four types of corporate strategies
3:03 What is a business model?
3:51 The four types of competitive strategies
4:51 Functional strategies with examples
5:16 What is an operative strategy?

[@TheCheatSheetsau]

Would you like to learn more about strategies in business? Let me know what you'd like me to create a video about next in the comments :)

[@swabrahgyagenda]

@@TheCheatSheetsau do you have a video on steps to building a business strategy? And models and theories of strategic planning?

[@TheCheatSheetsau]

@swabrahgyagenda not yet but I love those ideas! I’ll see what I can do :)

[@On-God_Movement]

Outstanding🙌

[@merriamchai5328]

🎉👍

[@iyene-ereintegratedservice666]

Sharp❤❤❤❤😊

[@swabrahgyagenda]

are tactics similar to objectives?

[@TheCheatSheetsau]

Hey! Thanks for the question :) Objectives and tactics can look similar depending on how you approach them. I think of objectives as the ‘sub goals’ or the goal broken into the key outcomes that need to be achieved in order to achieve the goal. Tactics also can be considered the same way, however for complex goals the differentiation between the two may become more necessary/apparent so for a complex goal we would have the goal (overall big picture) > objectives (outcome-focused specific sub goals that need to be met in order to achieve the big picture goal) > strategy (how to achieve the objectives) > tactics (techniques/approaches that can be used to execute the strategy).

[@davidbeumer4558]

Thanks for this Lauren. Would you mind sharing what software you are using to do the animation ? Is it Doodly ?

[@TheCheatSheetsau]

Hey there! Sorry for the late reply - It’s Videoscribe :)

[@davidbeumer4558]

Thank you @@TheCheatSheetsau

[@franklinv543]

Promo SM 🤦