In this video, I discuss the four types of strategies necessary in business. These strategies include corporate, competitive, functional, and operational strategies and can help you succeed in your business ventures, whether you are a small business owner or CEO.

If you're wondering what important business strategies you need or what economics is all about, then this video is for you! By the end of this video, you'll have a better understanding of the different types of strategies and the role they play in business success.

To access my decision making videos, use the links below:

The 5 types of decision making: https://youtu.be/iZRmQUhlErE
The 7-step decision-making process: https://youtu.be/d53AFjxT5hQ
The MBTI Decision Process: https://youtu.be/sqSO_MTc938

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Important time codes:
0:26 What is strategy?
0:43 The role of decision making in strategy
1:37 The four strategy types
2:00 The four types of corporate strategies
3:03 What is a business model?
3:51 The four types of competitive strategies
4:51 Functional strategies with examples
5:16 What is an operational strategy?

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