The type of industry and the size of a business normally influences the business strategies that are likely to be in place in order to realize the business goal. The type of the industry influences the business strategies in the following ways:
Various industries are characterized by specific features which make them unique and distinguishable from the other industries. This uniqueness call for definite strategies in order to attain the business goals and this uniqueness are identifiable in the input requirements, the demand pattern, the market structure and the production procedures.
A business always requires a supply of some inputs that are meant to sustain its operations ranging from raw material to stock depending on the type of business. Therefore a business type will command its requirements thus need to be factored in designing business strategies as various requirements needs varied procedures in meeting them.
Different businesses products normally have varied demand patterns where demand can be spread depending on seasons or depending on the age structure. This requires a business to have distinct strategies depending on the demand pattern, as products vary from one industry to another and their demand trended in different patterns.
The nature of the production process also varies from one industry to another, which makes it necessary for each and every industry to have distinct strategic plans thus the type of industry dictating the business strategy.
The Size of the industry influences the business strategy on the level of both input and output that need to be met in an attempt to arrest the market demand.
Reference
VanDen A., 1997, Perspectives on Strategy: Contribution of Michael E., Springer Publishers, pp 44.