Business strategy is the firm's working plan for achieving its vision, prioritizing objectives, competing successfully, and optimizing financial performance with its business model.

A strategic manager is the bloodline of strategies inside the organization. He is involved in the conceptualization, designing and execution of the companies' strategies. His tasks therefore, can not be limited to a few points. However, for your reference, I have listed the major tasks of a strategic manager in the points below.

• Defining the mission and goals of the organization.
• Determining what businesses it should be in.
• Allocating resources among the different businesses.
• Formulating and implementing strategies that span individual businesses.
• Providing leadership for the organization.