Create a one-page document describing business strategy for mid-level managers.

Specifically, you must address the following criteria:

• Definition: Define the term business strategy in your own words.
• Formulation: Briefly outline the steps involved in formulating a business strategy.
• Responsibilities: Explain who is responsible for and who benefits from good business strategy.
• Corporate vs. business unit strategy: Describe at least two ways in which a corporate strategy is different from a business unit strategy.

What to Submit

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.