MBA Startegy

Strategy is a general plan to achieve one or more long-term or overall goals under conditions of uncertainty. In the sense of the ''art of the general'', which included several subsets of skills including military tactics, siegecraft, logistics etc. Strategy is important because the resources available to achieve goals are usually limited. Strategy generally involves, setting goals and priorities, determining actions to achieve the goals, and mobilizing resources to execute the actions.A strategy describes how the ends (goals) will be achieved by the means (resources).Strategy can be intended or can emerge as a pattern of activity as the organization adapts to its environment or competes.It involves activities such as strategic planning and strategic thinking.'