Strategy may have varying definitions depending on the point of view one holds with respect to what it takes for a successful business. The various definitions may not be erroneous, but often do capture some aspects of what strategy is. In this paper, I want to examine what strategy is by examining the elements that ensure a successful strategy. Strategy though is neither planning nor operational effectiveness.
Many companies have efficient operations.
However, operational effectiveness easily imitated has a point of convergence and it will only be a matter of time before companies with similar methods begin to look alike. To the applied mathematician a million dollars is at least as real as a thousand, he has never possessed either sum. Please read Terms of Use .