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Question:

babayuusuf
babayuusuf
Teacher
Graduate School

Of what practical benefit is the concept of strategy in the management of a business?

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Posted by babayuusuf on Monday November 24, 2008 at 12:33 AM and tagged with business, management, strategy.

Answers:

  1. coachshera
    coachshera Teacher
    Vocational

    eNotes Editor

    I really like this question.

    Do you remember the conversation between the Cheshire Cat and Alice  in Wonderland

     Alice:  I just wanted to ask you which way I ought to go.

    Cheshire Cat: Well, that depends on where you want to get to.

    Alice: Oh, it really doesn’t matter

    Cheshire Cat: Then it really doesn’t matter which way you go!

    At the most fundamental level, strategy is your plan, your map to achieving a goal- be it short term or long term.

    What is the context for your question? 

    Writing a business plan? 

    Choosing project management software?

    Systems approach to organizational change? 

    The best strategies in business (as in life) are synergistic, collaborative, and sustainable, with benchmarks for assessment, evaluation and "re-strategizing" as needed.

    The practical benefits to learning multiple strategic approaches in business management seem obvious.

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    Posted by coachshera on Monday December 1, 2008 at 7:42 PM