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ThoughtCommons What Is Strategy

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  • 1. memorize this

2. hey! whos that? 3. hey! what the fcuk are you doing? 4. Thats your place! 5. Strategy is a big-complicated thing and anysingle definition could be suicidal. 6. To understand the meaning behind this most used and even more misused word, one needs to understand thefive meanings of strategy. The lesser known 5 Ps 7. To understand the meaning behind this most used and even more misused word, one needs to understand thefive meanings of strategy. The lesser known 5 Ps The lesser known 5 Ps 8. Five different ways oflooking at meaning ofstrategy 9. Plan Strategy is a plan of action into future, telling us where we are currently,where do we have to go and what actions in a particular order we have totake to reach there. 10. Pattern Strategy is a pattern, a sort of consistency in the behavior over time. I dont know it just fell out What of my bum. is it? 11. Both are valid definitionsorganizations make plans for future and they also evolve patterns out of their pastOne can be called intended strategy and the other realized strategy. 12. Both are valid definitionsorganizations make plans for future and they also evolve patterns out of their pastOne can be called intended strategy and the other realized strategy. 13. Both are valid definitionsorganizations make plans for future and they also evolve patterns out of their pastOne can be called intended strategy and the other realized strategy. 14. Both are valid definitions organizations make plans for future and they also evolve patterns out of their past One can be called intended strategy and the other realized strategy. This will This was be great.great. 15. Both are valid definitions organizations make plans for futureand they also evolve patterns out of their past One can be called intended strategy and the other realized strategy. Ideally a mix is followed. Some thinking ahead and some on the way learning-and-adaptations.This will This wasbe great.great. 16. Ones strategy mix should depend upon ones ability to predict unexpected eventsOh so, therell be floods on 28th. Our office is on ground floorLets move to top floor! 17. Ones strategy mix should depend upon ones ability to predict unexpected eventsand need to react to unexpected events.Oh so, there might be floods on 28th. Our office is on top floorSo floods dont matter! 18. Ones strategy mix should depend upon ones ability to predict unexpected eventsand need to react to unexpected events. One extreme means no learningKeep doing the same old tried but Rigid Strategy tested things! 19. Ones strategy mix should depend upon ones ability to predict unexpected eventsand need to react to unexpected events. One extreme means no learningother means no control. Business is a fun chemistry lab, butNo Strategythings explode at times! 20. Ones strategy mix should depend upon ones ability to predict unexpected eventsand need to react to unexpected events. One extreme means no learningother means no control.To put it differently, it should depend upon how much does one want to learn on the way and how much control does one wants to exercise. 21. Position Another way of looking at strategy is thinking of it as a position of some advantage. Its about creation of a valuable and unique position.Position is downward and outward looking. 22. Perspective Delight customersInvest in R&D Entrepreneurial culture Fast Cost cuttingSocial responsibility Perspective is a organizationsfundamental way of doing things,like, the McDonalds way, the Tata way or the Google way.It can be seen as a set of values, priorities, beliefs, behaviors, attitudes, actions and responses.Perspective is upward and inward looking. 23. Again, both are valid definitions and a mix of both is required. 24. Changing of position within a perspective may be easy Change Within Perspective 25. Changing of position within a perspective may be easy whereas changing position while trying to maintain perspective is notChange Outside Perspective 26. Changing of position within a perspective may be easy whereas changing position while trying to maintain perspective is not Google launching a printed directory is still imaginableGoogle Printed Directory 27. Changing of position within a perspective may be easy whereas changing position while trying to maintain perspective is not Google launching a printed directory is still imaginablebut imagine Google launching a restaurant! Google Restaurant 28. PloyPloy is a specific trick intended to outwit an opponent or competitor. Its like playing mind games to confuse the competitor. A company might buy land to give the impression that it intends to expand its capacity, in order to discourage a competitor frombuilding a new plant 29. to strategize or not to strategize? 30. Strategy sets direction On one hand we know the path required to reach from one point to another. 31. Strategy sets directionOn one hand we know the path required to reach from one point toanother. On other hand it turns us blind to the unpredicted dangers on the path. 32. Strategy focuses effort On one hand strategy helps in focusing everyones effort to the same direction. 33. Strategy focuses effort On one hand strategy helps in focusing everyones effort to the same direction. On other hand Groupthink arises and opportunities and threats may get unnoticed. 34. Strategy defines the organization On one hand strategy provides a sharp and single meaning to organization. 35. Strategy defines the organization On one hand strategy provides a sharp and single meaning to organization.On other hand that sharp and single meaning could be too simple that rich complexity may get lost. Uhhh! So what exactly rest of the papers on the table do? 36. Strategy provides consistency On one hand strategy reduces ambiguity and brings consistency in action and results. 37. Strategy provides consistency On one hand strategy reduces ambiguity and brings consistency in action and results. On other hand it curbs creativity and perfection over time. 38. To understandwhen and when not to strategize, how much and how less to strategize and how and how not to strategizeis the key.

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