STRATEGY(planning) Explained:An Element To Have In The World Of Business
STRATEGY(planning) Explained:An Element To Have In The World Of Business

STRATEGY Explained: An idea to have In Order To Understand the world of business.

8/12/20214:57409 words
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In ancient Greece, the term Strategos was used in military science and implied the plan to win a battle. However, in business, strategies are more about understanding the competition and preparing a p...

Transcript

EN

Hi guys, so today I am going to be talking about strategy, so in other to und...

function it is important to understand the term strategy. After all business needs a strategy

to be successful. Now the world strategy comes from the ancient Greek strategies, which

is called strategy meaning the art of the general. However, in business it is not about the managerial response to change in the business environment than the art of war. So in this

segment we will take a look at the mean and types of strategies in business. The mean

strategy. So in ancient Greece the term strategy strategy strategy goes, strategy goes was used in

military science and employed. Applied let's say the plan to win a battle. However, in business

strategies are more about understanding the competition and preparing a plan to match surpass the initial of the rival. It is defined as strategy is the direction of the group that was where you know and how strategy was implemented. So in business strategies are you know the more of outstanding the competition. So you know surpass the potential

of the rivals. The strategy is the direction and the group of organization over the long

term. It helps achieve an advantage over the organization through its configuration of resources within a challenging environment to meet the needs of the market and to feel stake, holder, expansion. So now a frequency of you know galaxy one specialized room and outperform the competitors to know details about how manager, how good you are but still there are problems in your managing with response to money in you know in that manner of that day. So

immediately I want to have back head. So moving on with the fines direction from the fines direction towards goal, towards common goal and forth reflects and concerns to efficiently mobilize resources five and lastly maximize the organization's chances to achieve the set objective. So there are different levels of strategies they have the muscoa they

keep doing most. So basically I am going to give the two levels of business so they have

cooperated strategies and business unit strategy. So that being said I would end my segment on this topic here and I will catch you guys on my next one. So with that being said I would end my segment on this topic here and I will catch you guys on my next one.

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