What is strategy?
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1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
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Strategy is an action that managers take to attain one or more of the organization’s goals. Strategy can also be defined as “A general direction set for the company and its various components to achieve a desired state in the future. Strategy results from the detailed strategic planning process.
Strategy generally involves setting goals, determining actions to achieve the goals, and mobilizing resources to execute the actions. A strategy describes how the ends (goals) will be achieved by the means (resources). … It involves activities such as strategic planning and strategic thinking.
Strategy is a plan that outlines how to achieve goals by setting priorities, determining actions, and allocating resources. It’s a process that focuses efforts to reach a specific destination.
A good strategy is well-researched, executable, and accessible. A bad strategy may be impossible to execute, irrelevant, or unrealisti