Question

Which are the first steps you should consider when constructing an online business strategy.

Answer 1

The first steps you should consider when constructing an online business strategy are: create goals and identify a USP.

What is a business strategy?

A business strategy can be defined as a set of guiding principles, actions, policies, and decisions that a business organization strategically combines, so as to successfully achieve its goals, objectives, attract potential customers and possess a competitive advantage over its rivals in the industry.

The types of business strategy.

Generally, there are four (4) main types of business strategy and these include the following:

1. Organizational (Corporate) strategy.
2. Business (Competitive) strategy.
3. Functional strategy.
4. Operating strategy.

In Business management, the first steps you should consider when constructing an online business strategy are:

• Create goals

• Identify a unique selling proposition (USP).

Read more on business strategy here: brainly.com/question/17130109

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Complete Question:

Which are the first steps you should consider when constructing an online business strategy?

Create goals and identify a USP

Understand the target audience

Change your mission statement to match the goals

Define and segment your audiences