Archive for December, 2013

Meaning of Strategy

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The terms strategy, strategic and strategic planning get tossed around quite loosely, often leading to confusion over the meaning and the purpose. I believe there’s value in being aligned when talking about this important area. I like the following definition ; ‘Strategy encompasses the decisions that have high medium to long term impact on an organization’s activities that provide competitive advantage and value to stakeholders.’ Strategic planning then is about creating alignment so that actions and resources are oriented toward ...

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