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Strategy
From Wikipedia, the free encyclopedia
Strategy (Greek ""stratgia, "art of troop leader; office of general, command, generalship"[1]) is a high level plan to achieve one or more goals under conditions of uncertainty. Strategy is important because the resources available to achieve these goals are usually limited. Strategy is also about attaining and maintaining a position of advantage over adversaries through the successive exploitation of known or emergent possibilities rather than committing to any specific fixed plan designed at the outset. Henry Mintzberg from McGill University defined strategy as "a pattern in a stream of decisions" to contrast with a view of strategy as planning[2] while Max McKeown (2011) argues that "strategy is about shaping the future" and is the human attempt to get to "desirable ends with available means".
Contents
1 Management theory 2 Military theory 3 Strategies in game theory 4 See also 5 References 6 External links
Management theory
Main article: Business strategy
Military theory
Main article: Military strategy In military theory, strategy is "the utilization during both peace and war, of all of the nation's forces, through large scale, longrange planning and development, to ensure security and victory" (Random House Dictionary).[2]