This preview shows pages 1–3. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Business Strategy Lorraine Patterson OMM614: Innovation and Entrepreneurship Lisa Barrow January 11, 2012 Entrepreneurs are characterized by their independence of action, differing organization structures, and various management styles, thus requiring the development of small business framework. Small business Framework will provide an evaluation period of the anticipation of problems that occur within a companys start up to allow for changes in delegation of task of current and proposed regulations and policies of a business. Business development involves evaluating a business and then realizing its full potential, using such tools as marketing, sales, information management and customer service. For a sound company able to withstand competitors, business development never stops, and is an ongoing process. Business strategy is defined as a well thought out plan of where a business to get ahead and the manner in which the business will get there. An organizations plan is regarded as both an organizational and informational systems strategy that must be identified by administering a business strategy. The information technology strategy must be planned out to fit the business strategy and continuously revisited to ensure that a company is meeting their goals. The information system will both affect and be affected by the business strategy. According to Karen Spaeder, when working with a business about the development of a product one must first look at a business idea that would fulfill four perspective,: company, customer, competitor and...
View Full Document