Specifically, you must address the following criteria:

1. Definition : Define the term business strategy in your own words. 

2.Formulation : Briefly outline the steps involved in formulating a business strategy.

3.Responsibilities: Explain who is responsible for and who benefits from good business strategy. 4.Corporate vs. business unit strategy : Describe at least two ways in which a corporate strategy is different from a business unit strategy. 

Guidelines for Submission Submit a one-page Word document with double spacing, 12-point Times New Roman font, and one-inch margins. You are not required to use sources; however, if you choose to use sources, they should be cited in APA format.