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Strategy

Strategy is the direction and scope of an organization over the long term, which achieves advantage in changing situations through its configuration of resources and competences with the aim of fulfilling stakeholder expectations. It is a product of creativity and trustworthiness springing from attributes like Strategic Thinking, Strategy Planning, Business Model, Systematic Thinking, Analysis, and Synthesis among others.

Business Strategy can be classified in two ways:  by stage of development, and by target reader. Under the stage of development, there are generally two ways to divide the planning style: start-up plans and plans for ongoing businesses.  Under  the  target  reader  there  are  also  two  ways  to  look  at the plan an inside reader and an outside reader (ref.); summarized in figure-1.

             

          


                                         Figure-1: Strategic management


Figure-1 shows different types of strategies being identified differently in business market, however they have the same elements in achieving them as defined here.                 



Business-Plan is a comprehensive, written description of the business enterprise. It is a detailed report on a company's products or services, production techniques,  markets  and  clients,  marketing  strategy,  human  resources, organization, requirements  in  respect  of  infrastructure  and  supplies,  financing requirements, and sources and uses of funds (ref.). However, business plan can take the form of the four strategic management types shown in figure-1, which are plans not thoughts.  In the current business dynamic nature, usually strategic plans takes years to be implemented due to infrastructural lead times, emergencies interfearing with the plan etc. For this reasons flexible organiniazations are managing in tune to the shifting trends controlled by R&D procedures, if not flexible enough the company liqudates, or just keeps on (surviving). Being flexible, an organization needs to implement  strategic-thinking before fixing the strategic-plan; this is new introduction thinking to business coping with the fast business environments which involves a continuous strategizing  before and after the strategic-plan. If the system cannot allow ammendment of the strategic-plan during implementation, then it is a Closed Strategic Model,  otherwise it is an Open Strategic Model. On the big-picture view of strategizing, there is Strategic Management defined as any management action taken to realize a strategy, in particular to realize the vision which results from creative strategic thinking. Having categorized strategic models, within Strategic Management there are various terms as identified here. Strategic Thinking involves the integration of several types of mental skills and techniques, as well as certain habits and attitudes, in the context of defining the problem to be solved from an initially ambiguous sea of unconnected data, and then solving it. There is an element of risk in strategic problem solving because complexity causes uncertainty (ref.).

Language semantics are critical in solving problems, to clear confusions about thinking we define “Systematic Thinking is thinking methodically,   Systems Thinking is thinking about how things interact with one another; Systemic Thinking is a simple technique for finding system-wide focus. Analytical thinking – is thinking about the parts or elements of a situation, while, synthetical thinking:  – is thinking about how those parts or elements work together”. Meanwhile, “Systemic thinking comprises of analytical thinking and synthetical-thinking together”. In addition, Synthetical thinking are finding their interconnecting “jigsaw” patterns across a system or situation i.e. finding a common theme; while analytical thinking is more focused on identifying differences than similarities - selects and focuses on the most attractive or promising element (ref.). Strategic Thinking involves Business Models which is refers to the logic of the firm, the way it operates and how it creates value for its stakeholders (ref.).

Strategy is very important in business encompassing thinking process, its treatment is detailed in our e-book Seven-Links to Success downloaded from here, and can be improved from products in the form of CDs, e-books and more from
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