There are many different ways to define a strategy in business – as many as there are situations. You will find as many approaches as there are textbooks on the topic. Remembering that
Strategy is the pattern of activities followed by an organisation in pursuit of its long-term purposes.
A key skill for strategists to develop is the ability to recognize the issues facing their business, to see the significance of developments through the haze of current problems and opinions and then to be able to resist temptation and be able to react strategically in response to such key developments.
Experience is undoubtedly key in developing the right skills which will
help you recognize the significance of an issue. It helps then to
understand and know the various methods or concepts available in the definition of strategy.
The training material provided here will give you the expertise knowledge on how these concepts will work for your business.
As a preparation, create a list of those issues that you consider are the truly significant issues facing your organization.
These will probably include developments arising both inside and outside your business.
Are the issues truly strategic?
What is their impact on your businesses ability to meet or determine its purposes?
Strategic Choices The definitions of these strategic issues will help in deciding the choices you have to make as a manager in developing your Strategy in Business.
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