Strategy (from Greek στρατηγία stratēgia, "troop leadership; office of general, command, generalship" [1]) is a general plan to achieve one or more long-term or overall goals under conditions of uncertainty. [2]
Whatever you've accomplished in your life, you had a strategy, made up of the goals you chose and the actions you took to achieve those goals. Think about strategy as a path across time. You have to choose a goal, and then a set of actions.
Strategy is the intelligent allocation of resources through a unique system of activities to achieve a goal. Simply put, strategy is how you plan to achieve a goal.
A strategy is all about integrating organizational activities and utilizing and allocating the scarce resources within the organizational environment so as to meet the present objectives.
Strategy is creating fit among a company’s activities. The success of a strategy depends on doing many things well— not just a few—and integrating among them.
All strategy is based on understanding competition. Michael Porter’s frameworks help explain how organizations can achieve superior performance in the face of competition. Strategy defines the company’s distinctive approach to competing and the competitive advantages on which it will be based.
Strategy is the deliberate set of choices and actions that positions an organization to leverage its unique strengths and seize current opportunities, adapting continuously as conditions change.
The meaning of STRATEGY is a careful plan or method for achieving a particular goal usually over a long period of time. How to use strategy in a sentence.
Humans are able to imagine a future and make it a reality by planning and executing a strategy. This target future is known as a vision. A strategy is a relatively long-term plan. For example, offering a discount to a customer isn't a strategy. Strategy is about transforming your entire future.