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strat·e·gy
/ˈstradəjē/noun
- 1. a plan of action or policy designed to achieve a major or overall aim: "time to develop a coherent economic strategy" Similar
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Strategy generally involves setting goals and priorities, determining actions to achieve the goals, and mobilizing resources to execute the actions. [4] A strategy describes how the ends (goals) will be achieved by the means (resources). [5]
In the field of management, strategic management involves the formulation and implementation of the major goals and initiatives taken by an organization 's managers on behalf of stakeholders, based on consideration of resources and an assessment of the internal and external environments in which the organization operates.
Strategic planning is an organization 's process of defining its strategy or direction, and making decisions on allocating its resources to attain strategic goals. Furthermore, it may also extend to control mechanisms for guiding the implementation of the strategy. Strategic planning became prominent in corporations during the 1960s and remains ...
Strategy generally involves setting goals, determining actions to achieve the goals, and mobilizing resources to execute the actions. A strategy describes how the ends (goals) will be achieved by the means (resources).
Strategic thinking is a mental or thinking process applied by an individual in the context of achieving a goal or set of goals. As a cognitive activity, it produces thought.
Michael Porter described an industry as having multiple segments that can be targeted by a firm. The breadth of its targeting refers to the competitive scope of the business. Porter defined two types of competitive advantage: lower cost or differentiation relative to its rivals.
Strategic leaders are defined as the ones having the organizational ability with strategic orientation; translate strategy into action; align people and organizations; determine effective strategic intervention points; develop strategic competencies.
Momentum Trading Defined. Momentum trading is a strategy in which investors try to profit from sharp moves in the market. Unlike long-term investing, which can involve months or even years of ...
A player's strategy set defines what strategies are available for them to play. A strategy profile is a list of strategy sets, ordered from most to least desirable. A player has a finite strategy set if they have a number of discrete strategies available to them.
Strategic studies is an interdisciplinary academic field centered on the study of peace and conflict strategies, often devoting special attention to the relationship between military history, international politics, geostrategy, international diplomacy, international economics, and military power.