Strategic Management

Why Strategy is Important?

Why Strategy is Important?

Strategy is determining where you are now, where you want to go, and then how to get there. It’s the art of developing and implementing specific actions and decisions that will enable the business to achieve goals.In effect, there are people who act strategically and then there is everyone else. A creative distinctive strategy that sets a company apart from rivals and yields a competitive advantage is a company’s most reliable ticket to above average profitability.