In the context of organizational management and corporate performance, in my work Business Strategy (Edition 3), conceptualizes strategy as a proactive, predictive framework designed to navigate the complexities of diverse business environments.
My view posits that strategy is not merely a reactive measure but a deliberate mechanism for identifying potential departmental and organizational hurdles before they manifest into systemic failures.
By implementing structured strategic interventions, organizations can effectively mitigate risks, thereby enhancing operational efficiency and overall performance
From a broader academic perspective, strategy is widely defined in management literature as the determination of the basic long-term goals and objectives of an enterprise, and the adoption of courses of action and the allocation of resources necessary for carrying out these goals.
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