Wednesday, December 11, 2019

Why should you be strategic?

The strategy is almost everywhere you go. Without a strategy, almost anything will fail. The strategy is a way to success. Before a business starts, there is a strategy that will lead to a successful business. The strategy is very important since the resources available to achieve these goals are usually limited.



What is the strategy?
The strategy is a high-level plan to achieve one or more goals in uncertainty.

The strategy usually involves setting goals, setting targets for goals and attracting funds for activities. The strategy describes how the goals will be achieved through resources. The strategy can either be designed or can appear as an action model, as the organization adapts to its environment or is in competition. This includes activities such as strategic planning and strategic thinking.

Types of strategies
-Strategy as a plan-oriented action to achieve the set goals;
-A strategy as a model is a consistent pattern of past behaviour, and the strategy is implemented over time rather than planned or intended.
-Strategy as a position - the placement of brands, products or companies on the market based on the conceptual framework of consumers or other stakeholders;
-Strategy as a fiction - a special manoeuvre designed to outwit a competitor;
-The strategy as a perspective - an implementation strategy based on "business theory", or an organization's thinking or organization's ideological vision.

Why should you be strategic?
- Specify the direction and priorities
- Manage alignment
- Simplify decision making
- Let everyone be on one page
- Create a vision and direction for the whole organization
- To do things faster