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For other uses, see Strategy (disambiguation).

A Strategy is a long term plan of action designed to achieve a particular goal, most often "winning. A goal or objective consists of a projected state of affairs which a Person or a System plans or intends to achieve or bring about — a personal or " Strategy is differentiated from tactics or immediate actions with resources at hand by its nature of being extensively premeditated, and often practically rehearsed. A tactic is a conceptual action used by a military unit of no larger than a division to implement a specific mission and achieve a specific objective or to advance toward a Strategies are used to make the problem easier to understand and solve.

The word derives from the Greek word stratēgos, which derives from two words: stratos (army) and ago (ancient Greek for leading). Greek (el ελληνική γλώσσα or simply el ελληνικά — "Hellenic" is an Indo-European language, spoken today by 15-22 million people mainly The Ancient Greek language is the historical stage in the development of the Hellenic language family spanning the Archaic (c Stratēgos referred to a 'military commander' during the age of Athenian Democracy. Athenian democracy developed in the Greek City-state of Athens

Contents

Interpretation

Strategy is about choice, which affects outcomes. Organizations can often survive -- indeed do well -- for periods of time in conditions of relative stability, low environmental turbulence and little competition for resources. Virtually none of these conditions prevail in the modern world for great lengths of time for any organization or sector, public or private. Hence, the rationale for strategic management. The nature of the strategy adopted and implemented emerges from a combination of the structure of the organization (loosely coupled or tightly coupled), the type of resources available and the nature of the coupling it has with environment and the strategic objective being pursued. [1] Strategy is adaptable by nature rather than rigid set of instructions. In some situations it takes the nature of emergent strategy. The simplest explanation of this is the analogy of a sports scenario. If a football team were to organize a plan in which the ball is passed in a particular sequence between specifically positioned players, their success is dependent on each of those players both being present at the exact location, and remembering exactly when, from whom and to whom the ball is to be passed; moreover that no interruption to the sequence occurs. By comparison, if the team were to simplify this plan to a strategy where the ball is passed in the pattern alone, between any of the team, and at any area on the field, then their vulnerability to variables is greatly reduced, and the opportunity to operate in that manner occurs far more often. This manner is a strategy.

In the field of business administration it is possible mention to the "strategic consistency. " According to Arieu (2007), "there is strategic consistency when the actions of an organization are consistent with the expectations of management, and these in turn are with the market and the context. "

In the current knowledge economy, knowledge creation and innovations and leveraging of knowledge has become a widely accepted strategy. According toRajesh K Pillania(2005)firms need to take seriously the creation and leveraging of knowledge for creating sustainable competitive advantage.

Noted texts on strategy

Classic texts such as Sun Tzu's The Art of War, written in China 2,500 years ago, the political strategy of Machiavelli who wrote The Prince in 1513, or German military strategists such as Clausewitz in the nineteenth century, are still well known and highly influential. Today, we acknowledge the profound influence of John Boyd (military strategist), though he tends only to be known by the military and students of modern strategic theory. Colonel John (Richard Boyd ( January 23, 1927 &ndash March 9, 1997) was a United States Air Force fighter In the twentieth century, the subject of strategic management has been particularly applied to organisations, most typically to business firms and corporations.

The nature of historic texts differs greatly from area to area, and given the nature of strategy itself, there are some potential parallels between various forms of strategy (noting, for example, the popularity of the Art of War as a business book). The Art of War ( is a Chinese military Treatise that was written during the 6th century BC by Sun Tzu. Each domain generally has its own foundational texts, as well as more recent contributions to new applications of strategy. Some of these are:

Leveraging Knowledge by Rajesh K Pillania

See also

References

  1. ^ ELLIS JONES, KAREN; et al (1998). Marcel Detienne (born 1935 is a Belgian historian and specialist in the study of Ancient Greece. Jean-Pierre Vernant ( January 4, 1914 &ndash January 9, 2007) was a French historian and anthropologist American football Strategy is the strategic deployment of players and assignment of tasks to offensive and defensive players of American football Morphological analysis can refer to Morphological analysis (problem-solving or general morphological analysis a method developed by Fritz Zwicky for exploring Nuclear strategy involves the development of doctrines and strategies for the production and use of Nuclear weapons As a sub-branch of Military For other uses and for specific types of plans see Plan (disambiguation. Poker strategy is a complex subject This article only attempts to introduce basic strategy concepts Strategic planning is an Organization 's process of defining its Strategy, or direction and making decisions on allocating its resources to pursue this strategy Strategic bombing is a Military strategy used in a Total war with the goal of defeating an enemy nation-state by destroying its economic ability to wage war rather The Strategic and Defence Studies Centre (SDSC is a university department in the Research School of Pacific and Asian Studies at the Australian National University The word ‘dynamics’ appears frequently in discussions and writing about strategy and is used in two distinct though equally important senses In Computer programming, the strategy pattern (also known as the policy pattern) is a particular software design pattern, whereby Algorithms can A strategy game is a Game (eg computer, video or Board game) in which the players' decision-making skills have a high significance Competitive advantage is a position a firm occupies against its competitors Synergy (from the Greek el-Latn syn-ergo, el συνεργός meaning working together is the term used to describe a situation where the final outcome The term emerging markets is used to describe a nation's social or business activity in the process of rapid Industrialization. The Strategy Reader. Milton Keynes MK7 6AA, UK: The Open University,, 10-73.  

External links

Strategy Direction]

Business Strategy Series]

Dictionary

strategy

-noun

  1. The science and art of military command as applied to the overall planning and conduct of warfare
  2. A plan of action intended to accomplish a specific goal
  3. The art of using similar techniques in politics or business
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