Category: Strategy

Strategic management can be considered as a combination of art, craft, and science. Art: Strategic management involves creativity and intuition, as well as an ability to make informed judgments about complex situations. Just as...

Strategy can be divided into different levels, each of which focuses on a different aspect of the organization: Each of these levels of strategy is interrelated and should be aligned to achieve the overall...

Strategy can be viewed as having three branches in terms of context, content, and process: In conclusion, the three branches of strategy – context, content, and process – are interrelated and must be considered...

Strategic management is a systematic process of defining the direction and scope of an organization and making decisions on allocating its resources to pursue this direction. The process typically includes the following steps: Strategic...

Policies, strategic tactics, and control are all key elements of an organization’s strategy. Policies provide the foundation for making decisions, strategic tactics put the strategy into action, and control helps to ensure that the...

Here is a list of the ultimate goals of strategy for a firm: These goals are often interdependent and interrelated, and a successful strategy for a firm will involve achieving a balance between these...

Strategy refers to a plan or course of action designed to achieve a specific goal or set of goals. It encompasses the overall approach an organization takes to achieve its objectives, taking into account...