Characteristics of the strategy

Characteristics of the strategy

The following characteristics emerge from the above definitions of the strategy,

1.       It is the right combination of different factors.

2.       It relates the business organization to its environment

3.       It is an action to meet a particular challenge, to solve particular problems or to attain a desired objective.

4.       Strategy may need contradictory action. For example, today a manager may adopt a particular course of action but tomorrow he may revise the same due to changes in situations.

5.       Strategy is a forward looking.

6.       It is a means to an end in itself.

7.       It is a mean of coping with or managing the events and changes in the external environment.

8.       It is formulated at the top management level.

9.       It is generally long range in the nature but short range moves are also specified in it.

10.   It is flexible and dynamic.

11.   It involves assumption of certain calculated risks.

12.   It is a action oriented and more specific than objective.

13.   It is generally meant to cope with a competitive setting, in which the behaviour of competitors and other adversaries of the enterprise affect its own functioning and performance.  

   Related Questions in Biology

  • Q : Stem sections of some trees Write down

    Write down the main plant tissues which form rings observed on the stem sections of some trees?

  • Q : Types of circulatory systems Describe

    Describe the two types of circulatory systems? Answer: The circulatory systems can be categorized into closed circulatory system and open circulatory system.

  • Q : Sub-division of the plant Specify the

    Specify the four main groups in which the study of plants is sub-divided?

  • Q : Complete evolutionary branch of the

    Explain the six criteria employed to build a complete evolutionary branch of the vertebrates?

  • Q : Importance of Motivation -

    The importance of motivation arises from its effects on organizational functions: 1)     Motivation sets in motion the action of people: in every organization there are physical, financial and human resources. The utilization of physic

  • Q : Define Joint Joint : The position of

    Joint: The position of attachment among two or more bones is termed as a joint. All the joints of the body are able to move apart from the joints of the bones of cranium that houses the brain.

  • Q : State Expatriate Employment Expatriate

    Expatriate Employment: An individual living in a country other than their own country of citizenship, frequently temporarily and for work reasons. The expatriate can as well be an individual who has relinquished citizenship in their domicile country t

  • Q : Globalization of Business What is the

    What is the meaning of Globalization of Business and what is the reason many companies are in the process of expanding themselves?

  • Q : Classification of policies

    Classification of policies                                                  

  • Q : Describe Market Research Market

    Market Research: The process of gathering, interpreting and analyzing information regarding to a market, regarding to a service or product to be offered for sale in such market, and regarding to the past, potential and present customers for the servic

©TutorsGlobe All rights reserved 2022-2023.