A business can be defined as any type of enterprise or organisation that engages in commercial, industrial, or service activities for profit. In simple terms, business activities are conducted with the intent of earning a profit. Business enterprises can either be for-profit organisations or non-profitable non-profits that work to fulfil a social need or further a particular social cause. However, business owners must also ensure that the activities of their companies contribute positively to society at large.

Learning objectives The aim of this document is to provide businesses with four learning objectives to help them develop a strategic learning program to achieve their long term goals and the future economic value added of their businesses. These learning objectives are: to build sustainable competitive advantage, enhance internal management competencies, build value from externalities, and improve our environment. These learning objectives are not only designed to guide individual businesses on achieving their learning objectives but also to provide a broader context for business decision makers to understand the important role of the private and public sectors in shaping our economic future. This will have significant implications for the way government provides economic policy support.

Strategic Management Learning Objectives Key Takeaways: To be successful, businesses need to engage in strategic management in which they develop and implement a set of strategies to achieve certain business objectives. These strategies are used to achieve certain levels of return. These strategies can often be implemented by using various forms of investment. They can also be implemented by involving key people from various parts of the business and putting them together in a corporate team to achieve collective goals. These corporate teams can then create and manage a series of strategies to achieve different levels of returns for the businesses.