Understanding Strategy

Front

What is strategy in its core definition?

Back

A long-term plan for achieving specific goals, involving the optimal use of resources and capabilities to gain a competitive advantage.

Front

What does a strategy serve as?

Back

A roadmap that outlines how to move from the current state to a desired future state.

Front

What question does strategy essentially answer?

Back

How do we get from here to there?

Front

What are the key components involved in strategy?

Back

Optimal use of resources and capabilities.

Front

What is the ultimate goal of a strategy?

Back

To gain a competitive advantage.