Strategy - Explained

The video tutorial explains the concept of strategy, emphasizing its role as an orientation towards specific goals or objectives. Strategy is described as an approach to solving problems, implemented in stages: formulation, diagnosis, and implementation. The formulation stage involves identifying a situation and developing a guiding policy. Implementation is achieved through coherent actions aligned with goals. The tutorial highlights the importance of understanding strategy as a structured process towards resolving issues.

How does the implementation of a strategy relate to its goals and objectives?

Explain the relationship between diagnosis, formulation, and implementation in strategy.