what is stragety?give reason
Answers
A strategy is a method or plan chosen to bring about a desired future, such as achievement of a goal or solution to a problem.
For example, your marketing strategies would look at price, distribution, product, packaging, and promotion.
Reasons why it is important-
1.Skills & Knowledge – If you know where you want to take your business over the long term, you will have a much better idea of the kinds of capabilities you will need to achieve your goals.
2.Resource allocation – One thing is clear about any company, large and small—resources are finite. These types of decisions are critical to ensuring that limited resources are being deployed to the most promising opportunities that will provide the greatest return.
Answer:
Strategy can often be confused with tactics, goals and even actions. ... The Oxford Dictionary defines strategy as: “A plan of action designed to achieve a long-term or overall aim” “The art of planning and directing overall military operations and movements in a war or battle”
Explanation:
As such, strategies are the broad action-oriented items that we implement to achieve the objectives. In this example, the client event strategy is designed to improve overall client satisfaction. ... Any example of a strategic plan must include objectives, as they are the foundation for planning.