Corrext business strategy is the vital link to ensure the success of a business venture. Explain a business venture that u intend to manage. Develop a Strategic Plan which cover the following considerations 1. Nature of business venture - business overview/background of company,example-vision,mission,values - brief description product/services that you are offering 2. Analysis of the external/internal environment - explain why there are potentials and demand for your products/services - explain how your internal company structure and process will support your sales - what is the competitive advantage, example- competitor analysis,supplier support, internal strenght,strategic partnership 3. Eloborate your operational strategies - example : resource management- manpower,reward system,corporate culture - example : system - policies & procedures, best practices, information system/ technology 4. Justification to support your intended strategy - list and explain why do you have to apply those strategies,how those strategies are being evaluated and monitored - what are the key success factors (KSF) to ensure success of your strategies - example : measure of control resources,execution of the strategies vs the goals and objectives ptofitability