Strategy
(Redirected from strategy)
Jump to navigation
Jump to search
A Strategy is an action plan that can be used to create implementation systems and prioritization frameworks (that support long-term goal achievement and competitive advantage development).
- Context:
- It can typically provide Strategic Direction through vision articulation, mission alignment, and goal prioritization.
- It can typically establish Strategic Frameworks through strategic analysis, strategic option evaluation, and strategic choice.
- It can typically guide Resource Allocation through investment prioritization, capability development, and risk management.
- It can typically enable Strategic Positioning through competitive advantage identification, market opportunity assessment, and differentiation development.
- It can typically support Decision Making through strategic decision frameworks, decision criteria, and strategic alternative analysis.
- ...
- It can often include Strategic Implementation Planning through action planning, execution roadmap development, and milestone establishment.
- It can often incorporate Performance Measurement through key performance indicators, strategic objective tracking, and success metric definition.
- It can often facilitate Strategic Adaptation through environmental scanning, strategic assumption testing, and strategy refinement processes.
- It can often promote Strategic Alignment through cross-functional coordination, stakeholder engagement, and organizational communication.
- ...
- It can range from being a Deliberate Strategy to being an Emergent Strategy, depending on its planning approach and development process.
- It can range from being a Corporate-Level Strategy to being a Functional-Level Strategy, depending on its organizational scope and decision hierarchy.
- It can range from being a Short-Term Strategy to being a Long-Term Strategy, depending on its time horizon and planning cycle.
- It can range from being a Competitive Strategy to being a Collaborative Strategy, depending on its market posture and relationship orientation.
- ...
- It can have Strategic Thinking Elements for pattern recognition, systems perspective, and mental model development.
- It can establish Strategic Planning Processes for strategy formulation, strategy implementation, and strategy evaluation.
- It can develop Strategic Communication Approaches for stakeholder messaging, vision sharing, and strategic story development.
- It can integrate Strategic Risk Assessment for risk identification, risk mitigation planning, and contingency development.
- Examples:
- Organizational Strategies, such as:
- Corporate Strategy for enterprise direction setting and business portfolio management.
- Business Unit Strategy for competitive positioning and market segment focus.
- Functional Strategy for departmental effectiveness and operational excellence.
- Team Strategy for collaborative performance enhancement and work process optimization.
- Project Strategy for initiative success planning and deliverable achievement.
- Domain-Specific Strategies, such as:
- Marketing Strategy for customer acquisition and brand development.
- Financial Strategy for capital allocation and financial performance optimization.
- Human Resource Strategy for talent management and workforce development.
- Technology Strategy for digital transformation and technical capability building.
- Operations Strategy for operational efficiency and supply chain optimization.
- Individual-Level Strategies, such as:
- Career Strategy for professional development and career advancement.
- Learning Strategy for knowledge acquisition and skill development.
- Negotiation Strategy for agreement optimization and value creation.
- Personal Development Strategy for life goal achievement and personal growth.
- Time Management Strategy for productivity enhancement and priority management.
- AI-Related Strategies, such as:
- AI Implementation Strategy for artificial intelligence integration and ai capability deployment.
- AI Governance Strategy for ai oversight system and ai regulatory compliance.
- AI Innovation Strategy for ai research advancement and ai solution development.
- AGI-Related Strategy for AGI readiness planning and AGI governance development.
- AI Transformation Strategy for ai-driven organizational change and ai-enabled business model.
- ...
- Organizational Strategies, such as:
- Counter-Examples:
- Tactic, which focuses on short-term actions and immediate objectives rather than long-term direction.
- Operational Plan, which addresses day-to-day execution rather than strategic positioning.
- Vision Statement, which articulates future aspirations without specific implementation approaches.
- Budget, which allocates financial resources without necessarily providing strategic guidance.
- Policy, which establishes operational guidelines rather than competitive positioning.
- See: Strategic Planning, Strategic Thinking, Strategic Management, Strategic Analysis, Strategic Leadership, Strategy Document, Strategic Implementation.
References
2013
- http://en.wikipedia.org/wiki/Strategy
- Strategy (Greek "στρατηγία" - stratēgia, "art of troop leader; office of general, command, generalship"[1]) is a high level plan to achieve one or more goals under conditions of uncertainty.
Strategy becomes ever necessary when it is known or suspected there are insufficient resources to achieve these goals.
Strategy is also about attaining and maintaining a position of advantage over adversaries through the successive exploitation of known or emergent possibilities rather than committing to any specific fixed plan designed at the outset.
Henry Mintzberg from McGill University defined strategy as "a pattern in a stream of decisions" to contrast with a view of strategy as planning [2] while Max McKeown (2011) argues that "strategy is about shaping the future" and is the human attempt to get to "desirable ends with available means".
- Strategy (Greek "στρατηγία" - stratēgia, "art of troop leader; office of general, command, generalship"[1]) is a high level plan to achieve one or more goals under conditions of uncertainty.
- ↑ στρατηγία, Henry George Liddell, Robert Scott, A Greek-English Lexicon, on Perseus
- ↑ http://faculty.fuqua.duke.edu/~charlesw/LongStrat2010/papers/class%2010/Patterns%20of%20Strategy%20Formulation.pdf
2009
- (WordNet, 2009) ⇒ http://wordnetweb.princeton.edu/perl/webwn?s=strategy
- S: (n) scheme, strategy (an elaborate and systematic plan of action)
- S: (n) strategy (the branch of military science dealing with military command and the planning and conduct of a war)
- http://en.wiktionary.org/wiki/strategy
- (WordNet, 2009) ⇒ http://wordnetweb.princeton.edu/perl/webwn?s=strategic
- S: (adj) strategic, strategical (relating to or concerned with strategy) "strategic weapon"; "the islands are of strategic importance"; "strategic considerations"
- S: (adj) strategic (highly important to or an integral part of a strategy or plan of action especially in war) "a strategic chess move"; "strategic withdrawal"; "strategic bombing missions"