Strategy - Definition and Features The word “strategy” is derived from the Greek word “stratçgos”; stratus (meaning army) and “ago” (meaning leading/moving). Strategy is an action that managers take to attain one or more of the organization’s goals. Strategy can also be defined as “A general direction set for the company and its various components to achieve a desired state in the future. Strategy results from the detailed strategic planning process”. A strategy is all about integrating organizational activities and utilizing and allocating the scarce resources within the organizational environment so as to meet the present objectives. While planning a strategy it is essential to consider that decisions are not taken in a vaccum and that any act taken by a firm is likely to be met by a reaction from those affected, competitors, customers, employees or suppliers. Strategy can also be defined as knowledge of the goals, the uncertainty of events and the need to take into ...
SocioInsight is the practicle and pragmatic observation of the daily life in any sector of work. The life ahead is to live as" new man". The challenges happening across each sector and the burning issues at grass root level has to be rightly observed and captured. The Socioinsight happens only when the observation is unbaised. The objective is to bring awareness and process that need to be implemented for the benefit of all.