Business strategy, a road map telling us how the business plans to be successful, does not guarantee success. Strategy execution requires business processes that do what the strategy calls for--and do it well. In today's automated world, these business processes rely on business systems. Therefore, a direct link exists between the success of business strategy and business systems. Poor systems are a frequent reason for the failure of a business strategy.
new business applications
basic categories: Innovation Providing new and innovative products, services, and business processes Customer Service Exceeding the customer''s expectations for service Low Cost Providing products and services at a lower cost than the available options A well-defined strategy is a must for any business to succeed. However, a well thought out, defined, and communicated strategy does not mean it will be successful. Among other issues, the strategy must be well executed to have any hope of being successful.