What is strategy?

Date:

2020-06-25 01:20:07

Views:

528

Rating:

1Like 0Dislike

Share:

Table of contents:

What is strategy? This word is always somewhat alarming due to the expected scope of this concept. Under the strategy, in particular, it involves the policy of the company. If you look at this concept literally, it's exactly what the company's executives intend to do in the future.

For a more complete understanding of the strategy, it is necessary to consider this term in several ways.

First, the strategy – focus of the company with a long-term solution. In the first place should be defined the company's strategy from a position of decision-making that unintentionally or intentionally set long-term direction of its business. In this case, the company may be enterprises or organizations, their divisions or subsidiaries. However, under whatever name did not exist in the business unit, development strategy needs to include decisions that determine its future organizational structure and proposed operation.

The Experts pointed out two main advantages with this definition of the strategy. The first is that we are talking about the decisions and processes of their making, not planning. After all, regardless of the plan, decisions will be made always. The second advantage is revealed in the priorities of the company. Not all plans come to fruition, so it is the strategy that allows to overcome the conflict of interests and to overcome their unpredictable effects.

According to the first definition of strategy, the decision to become a leader in the organization is not considered strategic. This decision is likely to be related to the strategic plan.

In summary, the strategy – events that could lead to concrete results, which can be both positive and negative.

Thus, in the first definition explains what the strategy is. However, how the strategy is being developed, to the odds for getting the necessary result was high?

This question gives the answer with the second definition indicates that the outstanding strategy – it's a different strategy. It will bring profit only if the decisions taken will be slightly different from competitors ' solutions. At the same time be different – does not always mean to be better.

Recommended

Staff evaluation: system and methods

Staff evaluation: system and methods

Personnel Assessment allows you to identify how competent the employees involved in the enterprise, and it is the performance of their work – the most significant factor affecting the efficiency of the company. To clarify the impact of performa...

How to start your own business: important aspects.

How to start your own business: important aspects.

Many people, tired of working for someone else, are increasingly thinking about how to start your own business. Someone wants to open a salon, someone store, and someone enough and vegetable stalls. Before you throw in the pool with his head, it is i...

business activities. its essence and basic functions

Business activities. its essence and basic functions

The Entrepreneurial activity of the citizen – is undertaken at your own risk and independent activity, which aims to systematically profit through the sale of works, goods, services, use of the property. The citizen engaged in such activities, ...

The Business model of the company can be adapted to the market only when it is competitive. So, what can be a special attraction of a particular model for the consumer? This can be as a better product and lower prices or better service. In itself, the concept “best” always means “not the same as the other”.

To preserve the benefits for a long time it should not be easy to repeat. His imitation must require competitors of significant investment. And by the time when they will be able to catch up with the leader, someone will step forward and again offer something better.

The Most common answers to the question: “What is strategy?” can be found in the literature, which contains a basic or reference, widely reported and verified practice methods of business development. They represent different approaches to the expansion of firms associated with changes in each of the following elements: market, product, industry and technology. Each of these elements can be in an existing or new condition.

In our time, specialists in the development of a strategy valued by two main properties of competitive advantage. Thus, in order to be different, we need to act differently than their competitors. And, therefore, need to be able to take bold decisions, challenging traditional thinking.


Article in other languages:

AR: https://tostpost.com/ar/business/22870-what-is-strategy.html

BE: https://tostpost.com/be/b-znes/40268-shto-takoe-strateg-ya.html

DE: https://tostpost.com/de/business/39820-was-ist-die-strategie.html

ES: https://tostpost.com/es/centro-de/39540-qu-es-la-estrategia.html

HI: https://tostpost.com/hi/business/24481-what-is-strategy.html

JA: https://tostpost.com/ja/business/22403-what-is-strategy.html

KK: https://tostpost.com/kk/biznes/40660-m-nday-strategiya.html

PL: https://tostpost.com/pl/biznes/42534-co-to-jest-strategia.html

PT: https://tostpost.com/pt/neg-cios/42156-o-que-estrat-gia.html

TR: https://tostpost.com/tr/business/37223-strateji-nedir.html

UK: https://tostpost.com/uk/b-znes/41159-scho-take-strateg-ya.html

ZH: https://tostpost.com/zh/business/24448-what-is-strategy.html






Alin Trodden - author of the article, editor
"Hi, I'm Alin Trodden. I write texts, read books, and look for impressions. And I'm not bad at telling you about it. I am always happy to participate in interesting projects."

Comments (0)

This article has no comment, be the first!

Add comment

Related News

Business and production optimization

Business and production optimization

In any kind of production need to strive to reduce the cost of manufacture of the product or service. This approach is equally important for large companies and for small businesses. Production optimization is very often a forced ...

Integration processes

Integration processes

translated from the Latin “integration” means the merger, the connection of the individual parts to the whole and total, unified. A General definition of the term can be formulated as a Union, the convergence or fusion...

Business without of seed capital – difficult, but possible

Business without of seed capital – difficult, but possible

In every person's life sooner or later comes the realization that to continue to work for someone else does not make sense, and on the contrary, it makes sense to do my own thing. Business which will generate income, and it will b...

What You Need To Know About The Private Detective

What You Need To Know About The Private Detective

today, as we all know, the profession of private detective is becoming increasingly important and in demand. The easiest way to learn about the work of these agencies through the Internet, there is almost each Agency creates their...

Work with objections

Work with objections

Every person who works in sales, sometimes you can come across “heavy” customers, which spoil the mood and simply take away precious time. On a fairly lucrative offer, they find a bunch of arguments, leaving the conclu...

Home manufacturing business or a necessity?

Home manufacturing business or a necessity?

Since ancient times people have found various ways to satisfy their needs and requirements. The main of them was the receipt of income from different types of households to ensure their family. Cobblers repaired shoes for the rich...