Saturday, February 27, 2010

Strategy

What is strategy?
As everyone thinks, strategy is not actually a plan. It's a long term plan. Everyone has their own strategy. Without strategy, no one can succeed. Success not only depends on the strategy but with a proper strategy there is an assurance of success.
If we come across the life history of successful organisation or successful person, most of them would have followed a strategy. Strategy does not comes in a single day. It should be planned by analysing the external environment and the internal capacity. If the internal capacity does not matches/ it cannot meet out requirements the strategy fails. In this situation the strategy should be changed accordingly. Usually the strategy should be made properly. A good strategy which gives success to one particular organisation need not work for some other organisation. Itdoesnt mean that strategy should not be copied, but before copying it must be properly evaluated and then it should be adapted.

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