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What is Strategy?
If you ask someone what is strategy they will say planning it’s a very layman meaning of the strategy. In other words we can say that, a level planning to achieve one or more than one goal under the condition of uncertainty.
The strategy is a Roam terminology that was used in the 6th Century CE. We need to achieve the goals with fewer resources and we have to achieve it in the shortest possible time then strategy comes to picture. The strategy involves many things such as
· Setting goals
· Steps to achieve the goals
· Use of resources to achieve the goal
Any business leaders and business gurus studied a lot about strategy but there is a specific definition of what is strategy? Some organization thinks that predict the future and make the strategy for the future and some say future is uncertain so make the changes in strategy for the present, both theories might be right and might work or might not work. The strategy is a full-proof plan for the growth of the organization, which includes the mission, vision, and direction of the ecommerce application. In a nutshell we can say that strategy is all about how to achieve the organizational goals.