Open Access
Journal Article
Economic Growth and Business Strategy
by
Emma Thomas
IRBM 2020 2(2):12; 10.69610/j.irbm.20200921 - 21 September 2020
Abstract
The paper investigates the intricate relationship between economic growth and business strategy, examining how businesses can effectively adapt and thrive amidst shifting economic landscapes. Economic growth, as a measure of an economy's expansion, is influenced by various factors such as technological advancements, investment, and government policies. In turn, business strateg
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The paper investigates the intricate relationship between economic growth and business strategy, examining how businesses can effectively adapt and thrive amidst shifting economic landscapes. Economic growth, as a measure of an economy's expansion, is influenced by various factors such as technological advancements, investment, and government policies. In turn, business strategies are shaped by the economic environment in which they operate, with companies often needing to reinvent themselves to capitalize on opportunities and mitigate risks. The study delves into the challenges and opportunities that arise from economic growth, analyzing how businesses can develop sustainable strategies that are adaptable to both favorable and adverse economic conditions. Through case studies and theoretical analysis, the paper highlights the importance of innovation, diversification, and long-term planning in fostering economic growth and ensuring business success.