Difference between revisions of "Strategy"
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| + | [[File:Sun Tzu portrait.jpg|thumbnail|right|200px|"All men can see these tactics whereby I conquer, but what none can see is the strategy out of which victory is evolved." - [[Sun Tzu]] ]] | ||
A '''strategy''' is an overall plan to achieve a desired result. The details of parts of the plan are called [[tactic]]s. | A '''strategy''' is an overall plan to achieve a desired result. The details of parts of the plan are called [[tactic]]s. | ||
We commonly hear of strategies when discussing [[war]]s, [[politics]], [[chess]], and [[sports]], but they are also a part of daily [[life]]. | We commonly hear of strategies when discussing [[war]]s, [[politics]], [[chess]], and [[sports]], but they are also a part of daily [[life]]. | ||
| − | [[ | + | {{cquote| |
| + | When executives develop corporate strategy, they nearly always begin by analyzing the industry or environmental conditions in which they operate. They then assess the strengths and weaknesses of the players they are up against. With these industry and competitive analyses in mind, they set out to carve a distinctive strategic position where they can outperform their rivals by building a competitive advantage. To obtain such advantage, a company generally chooses either to differentiate itself from the competition for a premium price or to pursue low costs. The organization aligns its value chain accordingly, creating manufacturing, marketing, and human resource strategies in the process. On the basis of these strategies, financial targets and budget allocations are set. | ||
| + | [http://hbr.org/2009/09/how-strategy-shapes-structure/ar/1] }} | ||
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| + | == See also == | ||
| + | |||
| + | *[[Strategic planning skills]] | ||
| + | *[[Planning]] | ||
| + | |||
| + | * [[List of military strategies and concepts]] | ||
| + | |||
| + | == External links == | ||
| + | |||
| + | *[https://www.toolshero.com/strategy/ Strategy Theories], ToolsHero.com | ||
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| + | [[Category:Military]] | ||
| + | [[Category:Military Strategies and Concepts]] | ||
| + | [[Category:Political Terms]] | ||
[[Category:Sports Terms]] | [[Category:Sports Terms]] | ||
[[Category:Games]] | [[Category:Games]] | ||
| + | [[Category:Business]] | ||
Latest revision as of 23:18, June 19, 2025
A strategy is an overall plan to achieve a desired result. The details of parts of the plan are called tactics.
We commonly hear of strategies when discussing wars, politics, chess, and sports, but they are also a part of daily life.
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When executives develop corporate strategy, they nearly always begin by analyzing the industry or environmental conditions in which they operate. They then assess the strengths and weaknesses of the players they are up against. With these industry and competitive analyses in mind, they set out to carve a distinctive strategic position where they can outperform their rivals by building a competitive advantage. To obtain such advantage, a company generally chooses either to differentiate itself from the competition for a premium price or to pursue low costs. The organization aligns its value chain accordingly, creating manufacturing, marketing, and human resource strategies in the process. On the basis of these strategies, financial targets and budget allocations are set. [1] |
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See also
External links
- Strategy Theories, ToolsHero.com
