Sign in to view more content
Create your free account or sign in to continue your search
Welcome back
By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy.
New to LinkedIn? Join now
or
By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy.
New to LinkedIn? Join now
A strategy is a course of action, including specification of resources required , to attain a specific objective. Usually, it involves setting the future plans for the organization, and its require a comprehensive understanding of organization's resources, environment, and stakeholder.
The characteristics of Strategy may include:
- Strategic decisions are dependent on scope of the organization
- They involve matching of the activities of an organization to its environment
- They affect long-term direction of the organization
- A strategy must also match the activities of an organization to its resourcecapabilities.
According to Michel Porter, the essenceof formulating competitive strategy is relating a company to its environment.'
Help improve contributions
Mark contributions as unhelpful if you find them irrelevant or not valuable to the article. This feedback is private to you and won’t be shared publicly.
Contribution hidden for you
This feedback is never shared publicly, we’ll use it to show better contributions to everyone.
To view or add a comment, sign in
Sign in
Stay updated on your professional world
By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy.
New to LinkedIn? Join now
Insights from the community
-
Management
What are the best strategies for developing a successful global organizational vision?
-
Research and Development (R&D)
What do you do if your R&D projects are not aligned with your organizational goals and objectives?
-
Management
What do you do if your resources are limited but you need to make strategic decisions?
-
Restructuring
What are the steps to align your organization using McKinsey 7S?
-
Executive Leadership
How do you create value and opportunities for your organization?
-
Restructuring
What's the best way to blend cultures, values, and systems after restructuring?
-
Teamwork
Here's how you can overcome common challenges when making strategic decisions.
-
Strategy
Here's how you can grasp your company's strategic direction and goals.
-
Leadership Training
How do you make strategic decisions?
-
Information Technology
What do you do if your IT decisions are not in line with the organization's strategic goals?
Others also viewed
-
Appraise Strategy: Purpose
Mark Bilton 3y
-
Strategic Choice
BILL MCSHARER 7y
-
LivingHospitalityGroup introduces Chief Strategy Officer.
Stefan O. Huemer 7y
-
Inside the Strategy Formulation : Organization Mission,Vision and Values
Toufik S. 10mo
-
Organizational Agility
Marisa Brown 8y
-
Strategy, Tactic, ...
Jaeck Pierre, Engineer, MBA, PhD 8y
-
Strategic Planning
Benjamin Charles 1y
-
5 Benefits in Strategic Partnerships to Drive Growth
Tim Fawcett ► 7mo
-
Creating the Future Through Strategic Planning
Marina Barron 7y
