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Business Strategy
A plan of action designed to achieve a long-term or overall aim in the competitive business environment.
Functional Strategy
A strategy developed and implemented by an organizational unit (like Marketing or HR) to support the overall corporate strategy.
Competitive Strategy
The plan that a company follows to differentiate itself from competitors, aiming to achieve a competitive advantage.
Corporate Strategy
The overall plan and direction of a company, focusing on achieving long-term objectives and competitive advantage.
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