What is the strategy? A correct and effective explanation.

Strategy is a word that is often mentioned in business.
But what is the strategy?
And what does it have to do with the work you do every day?
There is really no correct answer that tends to define strategy meaning, because everyone has their own opinion.
However, one wonders;
"What we need to do to win in our market?"
This is the key question you need to answer when developing a strategy.
This question also demonstrates that developing a strategy doesn't just involve analyzing one thing, Rather, implies understanding the market in detail e
then chart the best possible path to success.
It can take a lot of thought and analysis to get it right.
Strategy development must take place on three levels.
The first level is the business strategy.
For organizations with many different business units, this
determines how the organization, as a whole, supports and increases the value of the business, iThe next level is the business unit strategy.
This describes how individual business units compete and win in their individual markets.
The goals in the business unit strategy must be in line
with the objectives of the corporate strategy.
The last level of strategy is team strategy.
Each team within a business unit must make their contribution
which means it needs its own strategy to achieve the organization's biggest goals and objectives.
It doesn't matter what your role is, your work contributes to your team's strategy, which contributes to the strategy of the business unit, which then contributes to the broader business strategy.
Each level is necessary and important to the success of your organization.

No Comments Yet.

Leave a comment

WhatsApp WhatsApp us