NAICS is a New Industry Classification System. After 60 years of use, the outdated Standard Industrial Classification (SIC) system was retired and replaced by the new North American Industry Classification System (NAICS).NAICS is the product of a collaborative effort between the United States, Canada, and Mexico.AICS doubles the number of top-level groupings of industrial classification. The highest level of NAICS classification is called the sector, and corresponds roughly to the division in SIC. There are 20 broad sectors in NAICS, compared to only 10 divisions in SIC.
Strategy (from Greek ÏÏÏÎ±ÏÎ·Î³Î¯Î± stratÄgia, art of troop leader; office of general, command, generalship) is a high level plan to achieve one or more goals under conditions of uncertainty.
Plan vs. Strategy. A plan says, âHere are the steps,â while a strategy says, âHere are the best steps.â Strategy speaks to the reasons why, while the plan is focused on how. In a perfect world the strategy always comes before a plan and shapes the details of the plan.