Explanation:

Business strategy is vital for any company seeking to grow its business in a strategic manner, but what exactly is a business strategy? 

Put simply, Business strategy is a clear set of plans, actions and goals that outlines how a business will compete in a particular market, or markets, with a product or number of products or services.

But while simple to understand in theory, developing a good business strategy - and then actually implementing it - is no easy task.A business strategy must take into account a number of factors including the market, competitors, and the business environment, as well as the company's structure, strengths and weaknesses. It should also be flexible enough to handle change. Planning and preparing a business strategy therefore requires strong skills in strategic planning and business analysis, as well as a good understanding of functions like marketing, sales, and distribution.