Good entrepreneurs understand the role of business strategy in growing a business. Here, we discuss numerous business strategies that might work for you. It's a competitive world out there. Make sure your strategies are up to the job of outperforming the competition and helping you to achieve your business goals.

• Competing Against Big Companies - Remember David and Goliath? David took on a giant and beat him. You can do the same thing in business, and join a long list of David and Goliath business stories where a small company takes on a big company and emerges victorious. More...
• Creating Strategic Alliances - These days, going it alone as a small business owner is a recipe for a small business disaster. Smart entrepreneurs know that strategic partnerships are the foundation for small business success. More...
• Innovation in Business - Got innovation? For an entrepreneur, it is not enough to offer the same products and services as the competition. Most entrepreneurs thrive on innovation and being one step ahead of the marketplace. More...
• First-to-Market Strategy - The first-to-market fallacy is the misguided belief that being first gives you a competitve advantage in business. Does being first to market ensure that you will dominate the market? Not necessarily. You might find yourself simply paving the way for your competitors. More...
• Avoiding The Commodity Trap - Are you caught in the commodity trap? If many businesses offer exactly what you offer, your offering may be considered by prospective buyers to be a commodity. That means lower prices and a tougher sell. Here are some ways to avoid being perceived as a commodity. More...
• Communicating Your Strategy - You've got a business strategy. Do your employees know what it is? Here's how to make your organization think strategically and help you achieve those ambitious strategic goals. More...
• Fast Growth Challenges - If you are in fast-growth mode, here are five things to watch out for and how you can address them: outgrowing your infrastructure, attracting new competitors, losing talented people, stretching your human capital resources too thin, and diminished customer service. More...
• Reinventing the Game - Looking for good business strategy advice? Every so often a business reinvents an industry and turns the competitive landscape on its head. Do you have the potential to change the game in your industry? It sure beats playing by the existing rules against tough competitors. More...
• Low-Cost Provider Strategy - Does a low-cost provider strategy make sense? Selling cheaper than competitors can be a good way to gain market share. But is it smart? You may gain market share but only at the expense of profitability. More...
• Three Great Books on Business Strategy - Looking for good business books? If you are interested in business strategy, we've found three great business books that should be on the top of your reading list. More...
• Effective Goal Setting - Effective goal setting is essential if you want to see your business strategies succeed. Many great business strategies fail simply because the company was not able to set goals properly. More...
• Growth Strategies - Looking for a business growth strategy that will take you to the next level? Here are four growth strategies you ought to consider. More...
• Product Portfolio Strategies - Cash cows, dogs, question marks, and stars? Oddly enough, these are a valuable classification system that can help you create winning business strategies for your products. More...
• Michael Porter Business Strategies - Want to impress your friends at cocktail parties by talking about business strategies? Explain Michael Porter's strategy model and you'll be the star of the party. Even better, use the strategies to grow your business. More...
• Industry Analysis - The key to defining a business strategy is doing a thorough industry analysis and figuring out where the opportunities are. Here's how to conduct an industry analysis in a way that will help you define the best business strategy. More...
• How to Choose a Strategy Consultant - Hiring a strategy consultant sounds easy. But it's important to make sure you choose a strategy consultant that is right for the job. Here's how to weed through the management consultants and separate the wheat from the chaffe. More...
• When Business Strategies Fail - It takes great courage to acknowledge failure. But when your business strategy isn't working, the best thing you can do is admit failure and take a fresh look at a new approach. More...
• Second to Market Strategy - Businesses that are first to market often lose their lead. Being second to market can still be a winning business strategy if you play your cards right. More...
• Business Strategies That Refuse to Cooperate - It happens time and time again. You lay out the business strategy for the coming year, and it doesn't get executed as planned. Here's why. More...