Sorry, but in the (grand?) tradition of. success has a thousand fathers; failure is an orphan, Aladdin has no surname. Sorry, but in the (grand?) tradition of <br /> success has a thousand fathers; failure is an orphan, <br /> Aladdin has no surname.
The definition of strategy is a military plan for positioning troops for battle. An example of strategy is the generalâs order for his troops to move south towards the enemy line. Strategy is defined as a plan of action.
Strategies are actions a company's management takes to build revenues, improve productivity and increase profits. Strategy formulation involves making critical choices -- what products or services to sell, and where and how to sell them. Many companies have an annual strategic planning process involving members of the management team in which strategies for the upcoming year are formulated. From there, specific tactics -- also called tasks or projects -- are outlined to implement the strategies. A strategy, for example, might be to begin marketing the company's products in Mexico.