Category: What is Strategy
Elements of Strategic management: Main components and main attributes of Strategic Management Principle: Illustrates the linkage between strategic content that needs to be managed Issues: Main issues of strategic management are: Strategic analysis (or...
Elements of Strategic Planning Process: Steps in the planned process Principle: The planned process of deliberate strategic development and implementation Issues: Deliberate strategies not always suitable – when focusing the unexpected might be overlooked...
Elements of Strategic Process: Steps in the Strategy Process and main components Principle: Process from identification to implementation of strategy Issues: KSF & CSF Stakeholders interests Does it create competitive advantage (add value) how...
The word “strategy” is derived from the Greek word for the art of a military general. Although many authors have offered business definitions for strategy, none has received universal acceptance. Some examples from modern...
The common differences between strategies and tactics are as follows: Strategies are often developed at higher level management Uncertainties are usually greater with strategies Strategies are concerned with issues of greater importance Strategies are broad...