Definitions of Strategy

Strategy: the science of planning and directing military operations, a plan or action based on this; skill in managing or planning, esp. by using stratagems. (Collins Pocket Dictionary, 1986)

Stratagems: a trick or plan for deceiving an enemy in war; any trick or scheme. (Collins Pocket Dictionary, 1986)

Strategic: sound in strategy; advantageous; needed for carrying on war; directed against the military and industrial installations of the enemy. (Collins Pocket Dictionary, 1986)

A strategy is a plan of action designed to achieve a particular goal. The word strategy has military connotations, because it derives from the Greek word for general. A strategy is a long term plan of action designed to achieve a particular goal. Strategy may also refer to:

  • Business strategy, the art and science of enabling an organization to achieve its objective
    • Marketing Strategy, a process that allows an organization to increase sales and achieve a competitive advantage
    • Technology strategy, a document that explains how information technology should be used as part of a business strategy
    • Digital strategy, the process of specifying an organization’s processes to deploy online assets
  • Trading strategy, a predefined set of rules to apply in finance (Wikipedia)

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