There are several reasons why a business strategy is important for organizations, including:

Planning: A business strategy helps you identify the key steps to take to reach your business goals.
Strengths and weaknesses: The process of creating a business strategy allows you to identify and evaluate your company's strengths and weaknesses so you can create a strategy that optimizes your strengths and compensates for or eliminates your weaknesses.
Efficiency: A business strategy allows you to effectively allocate resources for your business activities, which automatically makes you more efficient. It also helps you plan ahead for deadlines, allocate job roles and stay on track for your project goals.
Control: Creating a business strategy gives you more control over choosing the kinds of activities that will directly help you reach your goals, as well as allows you to easily assess whether your activities are getting you closer to your goals.
Competitive advantage: By identifying a clear plan for how you will reach your goals, you can focus on capitalizing on your strengths, using them as a competitive advantage that makes your company unique in the marketplace.

**If you sit on the question 🤔 long enough you will find the answer.**