Business Management

For Instance the business strategy is to "Accelerate product/service launch by strengthening Research and Development team". The HR business strategy must be in line with the strategies of the business organization, Understanding the business strategy, that highlights the ultimate business objective and the means to do it, HR strategies shall be formulated keeping in view the aforementioned business strategy.

Strategy, in simple terms refers to the plan one has to achieve his/her objective, its about how we would get "there", its futuristic and with the aim of attaining defined goals in the future. In other words, Strategy is the approach selected to achieve defined goals in the future.