Blog

Hints and tips for getting organised and taking control of your workload

What is Strategy?

Ashley Marron – 1st February 2019

Most CEOs are aware of the importance of formulating a strategic plan within their business. But what exactly is strategy? Wikipedia defines strategy as a high level plan to achieve one or more goals under conditions of uncertainty. Yet strategy is different from vision, mission, goals, priorities, and plans.

However, strategy is commonly misunderstood and often confused. Sometimes it is used to denote importance or criticality, for example, a “strategic program.” Other times, it may be used to convey an action plan—an organisation may say that their strategy is to launch a new key product. However, for me the business strategy of a company provides the big picture that shows how all the individual activities are coordinated to achieve a desired long-term end result.

Whatever your business is I’m sure you have an objective, even if it’s to just survive and earn a level of profit. Equally I am sure that the daily tasks you do complete in the business make you believe that this will move closer to achieving your objective. The potential problem however is that the strategy you are following may not be correct if you haven’t gone through a considered process of gathering and analysing facts, opinions and trends.

Strategy planning should have a long-term view of the business (3+ years) and clarify and focus the unique position of the business relative to its competitors. Strategy needs to consider the opportunities and threats in the outside business world and the internal strengths and weaknesses of the business.

It is through the execution of preparing a strategy that the overall direction of the business is set and is why strategy is important. Ideally the output from a management strategic session should have several key deliverables:

Clear definition on the key business intent over the long term.
Clear, concise and compelling actions expressed through a strategic plan and roadmap.
Visualisation of the strategy helps to articulate and aid internal communication throughout the business, and should align the strategy with objectives and measurements. To help plan the strategy the practice of developing strategy maps has a vital role to play.

To check if your business has a current viable strategy in place then see if you can answer the following 3 questions:

Facebook
Twitter
Email
LinkedIn
See yourself the difference MindGenius will make in your projects...

During your free trial we’ll show you how MindGenius will make project management simpler, more complete, ane more enjoyable…. 

389 thoughts on “What is Strategy?”

  1. Plhh) AND EXTRACTVALUE(9637,CONCAT(0x5c,0x7176766a71,(SELECT (ELT(9637=9637,1))),0x7178787a71)) AND (4082=4082

  2. Plhh) AND 7910=CAST((CHR(113)||CHR(118)||CHR(118)||CHR(106)||CHR(113))||(SELECT (CASE WHEN (7910=7910) THEN 1 ELSE 0 END))::text||(CHR(113)||CHR(120)||CHR(120)||CHR(122)||CHR(113)) AS NUMERIC) AND (5370=5370

  3. Plhh AND 9726 IN (SELECT (CHAR(113)+CHAR(118)+CHAR(118)+CHAR(106)+CHAR(113)+(SELECT (CASE WHEN (9726=9726) THEN CHAR(49) ELSE CHAR(48) END))+CHAR(113)+CHAR(120)+CHAR(120)+CHAR(122)+CHAR(113)))

  4. Plhh AND 7505=(SELECT UPPER(XMLType(CHR(60)||CHR(58)||CHR(113)||CHR(118)||CHR(118)||CHR(106)||CHR(113)||(SELECT (CASE WHEN (7505=7505) THEN 1 ELSE 0 END) FROM DUAL)||CHR(113)||CHR(120)||CHR(120)||CHR(122)||CHR(113)||CHR(62))) FROM DUAL)– mGSR

  5. ') AND 2626=CAST((CHR(113)||CHR(118)||CHR(118)||CHR(106)||CHR(113))||(SELECT (CASE WHEN (2626=2626) THEN 1 ELSE 0 END))::text||(CHR(113)||CHR(120)||CHR(120)||CHR(122)||CHR(113)) AS NUMERIC) AND ('WYiM'='WYiM

    Plhh

  6. ') AND 2862 IN (SELECT (CHAR(113)+CHAR(118)+CHAR(118)+CHAR(106)+CHAR(113)+(SELECT (CASE WHEN (2862=2862) THEN CHAR(49) ELSE CHAR(48) END))+CHAR(113)+CHAR(120)+CHAR(120)+CHAR(122)+CHAR(113))) AND ('gMXa'='gMXa

    Plhh

  7. AND 4877=(SELECT UPPER(XMLType(CHR(60)||CHR(58)||CHR(113)||CHR(118)||CHR(118)||CHR(106)||CHR(113)||(SELECT (CASE WHEN (4877=4877) THEN 1 ELSE 0 END) FROM DUAL)||CHR(113)||CHR(120)||CHR(120)||CHR(122)||CHR(113)||CHR(62))) FROM DUAL)

    Plhh

  8. UNION ALL SELECT NULL,NULL,CONCAT(CONCAT('qvvjq','hdxnRKdSIqJKHQJMXIwxJEWmqdlDgbTxjPEeOQML'),'qxxzq'),NULL,NULL-- AYSg

    Plhh

  9. -3345 UNION ALL SELECT NULL,NULL,NULL,CONCAT(CONCAT('qvvjq','mgcYYWzYRzYzivrYwedUZDUxzOJiThosEmrkKUUY'),'qxxzq'),NULL-- gyRC

    Plhh

  10. UNION ALL SELECT 19,19,CONCAT(CONCAT('qvvjq','FAMyiueTphWktbpmypAISdeuXudvjzSvECOSGFpJ'),'qxxzq'),19,19-- nJcO

    Plhh

  11. -9017 UNION ALL SELECT 19,19,CONCAT(CONCAT('qvvjq','QJiIDGbvUzNHFDTEuPvtoljBYBaTvBFDCNgNeDVv'),'qxxzq'),19,19-- YOuv

    Plhh

  12. I am sorting out relevant information about gate io recently, and I saw your article, and your creative ideas are of great help to me. However, I have doubts about some creative issues, can you answer them for me? I will continue to pay attention to your reply. Thanks.

  13. cNaE’ AND 7240=CAST((CHR(113)||CHR(98)||CHR(120)||CHR(112)||CHR(113))||(SELECT (CASE WHEN (7240=7240) THEN 1 ELSE 0 END))::text||(CHR(113)||CHR(106)||CHR(98)||CHR(118)||CHR(113)) AS NUMERIC) AND ‘GQey’=’GQey

  14. ) AND 2299=CAST((CHR(113)||CHR(98)||CHR(120)||CHR(112)||CHR(113))||(SELECT (CASE WHEN (2299=2299) THEN 1 ELSE 0 END))::text||(CHR(113)||CHR(106)||CHR(98)||CHR(118)||CHR(113)) AS NUMERIC) AND (7410=7410

    cNaE

  15. Your article gave me a lot of inspiration, I hope you can explain your point of view in more detail, because I have some doubts, thank you.

  16. Ashley, your article brings clarity to the often confusing topic of strategy. In today’s fast-paced business world, where the term “strategy” is sometimes thrown around casually, it’s crucial to understand its true essence. You rightly distinguish it from vision, mission, and goals, emphasizing that it’s about the big picture and long-term results. I couldn’t agree more that effective strategy planning involves a deep analysis of both internal and external factors. To succeed, businesses must identify their unique position in the market and be aware of the ever-changing landscape. Your mention of a 3+ year horizon for strategy planning resonates with me as it underscores the need for foresight and adaptability. Thanks for shedding light on this critical aspect of business management.

    Issue payments with confidence and professionalism by utilizing DDMS secure check printing services. With their trusted platform, you can ensure that your payments are not only secure but also carry your unique brand identity. Whether you’re a business making vendor payments or an organization distributing payments to your members, DDMS provides a reliable solution. Their secure, branded checks not only enhance your company’s image but also offer the peace of mind that your financial transactions are protected. Say goodbye to generic checks and embrace the security and branding advantages of DDMS secure check printing services for all your payment needs.
    Check this first: https://www.digitaldirectmailservices.com/checks.html

  17. Normally I don’t read post on blogs, however I wish to
    say that this write-up very forced me to check out and do so!
    Your writing style has been surprised me.
    Thank you, quite nice post.

  18. Hello i am kavin, its my first occasion to commenting anywhere, when i read this article
    i thought i could also make comment due to this sensible piece
    of writing.

  19. of course like your web site however you need to test the spelling
    on quite a few of your posts. A number of
    them are rife with spelling problems and I find it very troublesome to inform
    the reality however I’ll definitely come back again.

  20. Wow that was odd. I just wrote an extremely long comment but after I clicked submit my comment didn’t show up.

    Grrrr… well I’m not writing all that over again. Anyway, just wanted to say wonderful blog!

  21. My partner and I stumbled over here by a different web page and thought I may as well check things out.
    I like what I see so now i am following you. Look forward to looking over your web page repeatedly.

  22. Hi! I know this is somewhat off-topic but I had to ask.
    Does operating a well-established website such as yours
    require a lot of work? I’m completely new to writing a blog but I do write in my diary daily.

    I’d like to start a blog so I can share my personal experience
    and views online. Please let me know if you have any kind of
    recommendations or tips for new aspiring bloggers.

    Thankyou!

  23. If some one needs expert view about blogging then i suggest him/her to pay a quick visit this weblog, Keep up the fastidious job.

Leave a Comment

Your email address will not be published. Required fields are marked *