The difference between a company's strategy and a company's business model is that
A)a company's strategy is management's game plan for achieving strategic objectives while its business model is management's game plan for achieving financial objectives.
B)the strategy concerns how to compete successfully and the business model concerns how to operate efficiently.
C)a company's strategy is management's game plan for realizing the strategic vision, whereas a company's business model is the game plan for accomplishing its corporate responsibility goals.
D)strategy relates broadly to a company's competitive moves and business approaches while its business model relates to whether the revenues flowing from the strategy are sufficient to cover costs and realize a profit.
E)a company's strategy is solely concerned with how to please customers while its business model is solely concerned with how to please shareholders.

Question

Quizplus · Accepted Answer

A company's strategy is generally focused on its competitive moves and business approaches, while its business model is focused on how it generates revenue and whether it is profitable. While there is certainly overlap between the two concepts, they are distinct and address different aspects of a company's operations.

The Difference Between a Company's Strategy and a Company's Business