What is a Strategy? (noun)




Strategy and Innovation

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Augusto Carreira
Partner, Portugal

What is a Strategy? (noun)

Unless a definition of "a strategy" is agreed upon by those who will have to use it and act by it, no "strategic planning" of whatever flavor will do. Yet, it is an illusion to fancy that one doesn't need a strategy. Let's make it clear. I define a strategy as:
"a timed response to a challenge (opportunity or problem)".
The outcome of a strategy will be a set of policies that the company follows.
So, whatever one is doing today is the follow-up of decisions taken in the past and these embody a strategy because the future of the company derives from that.
A strategy can be engineered in the sense that its outcomes can be specified and it can be designed. A strategy lowers the uncertainty to manageable levels and, after implementation, what's left is a set of policies that materialize in procedures (almost zero uncertainty). This is valid for opening a new facility abroad or to establish a new bonus plan.
 

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3
Sudheendra
Consultant, India
 

Strategy for the Definition Part

Strategy derives from the Greek "στρατηγία" (strategia)... Sign up

 
2
Mellacheruvu Adi Saasthry
Director, India
 

What is a Strategy?

Augusto: When an entrepreneurial decision is taken about the future considering the given situation ... Sign up

 
5
Jaap de Jonge
Editor, Netherlands
 

What is a Strategy?

In my view, one simple way of defining a strategy is to view it as the outcome of a strategy process... Sign up

 
0
Alan Kennedy, Canada
 

What is a Strategy? Definition

Research tells us strategy implementation suffers because strategy understanding and communication w... Sign up

 
0
John Henry
Project Manager, United States
 

Strategy as a Noun...

A strategic plan, is a plan arrived at utilizing a process (strategy). A strategic outcome, is an a... Sign up

 
0
Alan Kennedy, Canada
 

Strategy as Content and Process?

Mr. Henry focuses on strategy as a process. I think strategy starts with understanding content. I ar... Sign up

 
0
Andrew Blaine
Business Consultant, South Africa
 

Strategy as Content and Process

@Alan Kennedy: Hi there Alan, My only concern with your commentary is that the strategy is and rema... Sign up

 
2
sadiq
Student (MBA), Pakistan
 

What is Strategy According to Porter

Michael Porter says "strategy is a unique set of practices which not only distinguish you from your ... Sign up

 
1
Ehab Abou Hamdan
Consultant, Lebanon
 

Definition of Strategy

A strategy is a high level plan to achieve one or more goals under conditions of uncertainty. Strate... Sign up

 
1
Hakim Moi
Strategy Consultant, United Kingdom
 

Strategy as a Complex Multi-dimensional Variable

There is general lay person view of strategy as a complex variable, meaning different things to diff... Sign up

 
1
pavan singh
Student (MBA), India
 

What is Strategy? An Integrated Set of Choices

Strategy is an integrated set of choices, that uniquely positions a firm in an industry to achieve a... Sign up

 
2
Francois La Roche
Business Consultant, Canada
 

Defining Strategy: Resource Allocation

Strategy in my book is very simply defined as Deciding where to allocate one's resources. It is the... Sign up

 
0
Wayne Hill
Manager, South Africa
 

What is Strategy

HBR released an article of Michael Porters. Its called "What is Strategy" - get your hands on that -... Sign up

 
1
Alex
Business Consultant, Germany
 

Strategy for Stakeholders

Clarifying strategy seems complex. If a strategy is defined, for example, as to gain or sustain a co... Sign up

 
1
Sathya Devarakonda
Project Manager, India
 

What is Strategy?

A Professor at MIT Sloan says a strategy is the plan to move from one place to another. The CEO gene... Sign up

 
1
Augusto Carreira
Partner, Portugal
 

The Future is Always a Challenge

@Mellacheruvu Adi Saasthry : my above title (The future is always a challenge) is always correct by ... Sign up

   

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