Strategy

Strategy refers to a comprehensive plan designed to achieve specific long-term goals or objectives. It involves the analysis of internal and external environments, and the allocation of resources to align activities with desired outcomes. In a business context, strategy encompasses decisions about products, markets, and operations to gain a competitive advantage. It typically includes setting goals, determining actions to achieve those goals, and mobilizing resources to execute the actions effectively. The essence of strategy lies in the foresight to anticipate future conditions and to make informed choices that guide an organization toward its vision.