ELI5: Explain Like I'm 5

Business strategy

Business Strategy is like a game plan for making a business successful. It's a way to plan out what you need to do to make your business successful, like what products you'll sell and how you'll reach customers. It's kind of like football. In football, a team creates a plan to beat their opponents, like what plays they'll use, how they'll defend themselves, and how they'll score points. Business strategy is the same, but it's about how a business can reach their goals, like making more money or attracting more customers or expanding into new markets.