What is Strategy? Pt 1: Define Strategy
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- Опубликовано: 29 сен 2024
- What is Strategy? This video covers why defining strategy is a difficult task, reviews traditional but inadequate definitions, synonyms, and the etymology of strategy. Finally, the video discusses a clear and actionable definition of strategy. ⬇️
You can pick up a copy of HBR’s On Strategy here: amzn.to/2FWwJBx - it’s a must-read for students of strategy.
Timestamps:
0:25 - Intro
0:48 - Why a definition of strategy is important
1:34 - Bad strategy definitions
1:56 - Bad strategy synonyms
2:16 - Etymology of strategy (Greek to English)
3:18 - Business Literature (HBR & Michael Porter, 1996)
5:16 - My definition of strategy
5:30 - Strategy is a process, not just an outcome
5:42 - Strategy as a set of activities & alignment
6:08 - Definition of tactics
6:37 - Goal of strategy is to occupy a valuable position within a competitive landscape
7:30 - There is no “best” strategy, only the right strategy for your circumstances and goals
7:44 - Strategies are dynamic because competitive landscapes are dynamic & why copy-cat strategies usually fail
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Special thanks to Setuniman (bit.ly/2UiaTT2) for the killer opening music.
Strategy is the process of creating a set of well-aligned activities with the aim of occupying a valuable position in a competitive landscape
5y ago and I only found it today.
I couldn't come to a definition, therefore I created a hierarchy of concepts: goal, strategy, objectives, KPIs, plan, campaign, project, tactic, channel, task.
thanks ..
👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾
His definition of strategy? Skip to @5:16
Thanks
Why did this guy stop making videos? This was one of the best videos on strategy I've seen.
he is back
البته در تعریف و بیان استراتژی باید به بایدها ونبایدها هم اشاره کرد. اینکه برای رسیدن به هدف همانطور که باید یک سری کارها را بدقت انجام داد به همان مقدار هم بعضی کارها را نباید انجام داد. to arrive to proposr as well as you do something equal you musnt do something and has a equal valu..
Sometimes, i feel like strategy sounds like a framework containing a set of principles and methodologies to carry out my desired goal. but your is spot on though.
Your definition is better
A system
You must be aware of people who move strategically in your life.
It is very close to the word cunning. It’s mostly used in a cunning way.
Just copy Michael Porters strategy
He tells it only for 30 years or so. Surprise in the end he copies Porter and does not even notice that he did. Sometimes it helps to read the whole article and not the bullet point excerpt.
As someone who loves studying strategy, this is delightful for me and I hope you would make videos like these in the future.
Thank you so much for sharing the information,it’s useful for me to understand about strategy and a good starting point of my thesis. Hope you can keep the valuable work and share more about strategy
By the way, can you please leave about the website? Fail to find it
Thank you for this video. Very well researched and delivered!
Thank you Myroslav!! I’ve finally posted my latest video - hope you enjoy it
Level 504 in Candy Crush and 132,176 in Jewel stack =) yay
quite precise, clear and accurate.
You make it as difficult as the definition of time or other too abstract concepts. Otherwise, it's a good presentation.
Strategy is complex and abstract, just like time!
So glad to find this crisp and well articulated segment. I went thru many many as you also googled. But thru this segment you have captured the essence. Thanks for this post
Thank you Raghu - I’m glad you found the content valuable!
So in small words, a “strategy” is a trick up your sleeve
In small words, Strategy is “coordinated tactics” - see my newest video: ruclips.net/video/qBdYq6nf9nk/видео.html
Thanks for watching!
Strategy is based on two scenarios.
1.) Speed to take action
2.) Accepting with a heartless move towards permanent carnage or also referred to as non-returnal death.
It’s a strategy, how you approach in my case to finish school college homework,
One foot in front of the other!
You describe it very well
Could you please tell us which document (s) you read on the history of strategy?
This is a short list of my favorite strategy books: straty.com/best-strategy-books/
@@WhatIsStrategy Thank you
A strategic conniver, will look at the comfort in your life. And will figure out a way to place their uncomfortableness on to you.
Sounds more like a goal. What if your goal is not creating a competitive advantage but to survive
A strategy is not as simple as just a goal.. A good strategy may help you achieve a goal though.
Strategy is the effective plan for achieving political, economical, military and personal goals.
Starts at 5:20
A strategy is THE RESULT/ OUTCOME of a set of we'll aligned...........
Thank you for helping me undsrstand what that word means today. I'm attempting to get into real estate and must develop a strategy to being value to sellers, so they consider me. I had to start with the words meaning.
Do I need a permission to use this video?
You may link to the RUclips video but you may not present the video as your own.
It's about drive it's about power We stay hunger we devour
That’s pretty sus - gonna keep an eye on you!
Great definition, great video, better than prof. Felix video on simple strategy
Fantastic definition
Thank you! 🙏
Plz upload more 🙏🙏🙏🙏🙏
The latest: ruclips.net/video/qBdYq6nf9nk/видео.html
Well done!!!
A strategy is the general approach that defines how you want to achieve your goals in career, business or any other aspect of life.
For example, a coach may define his winning strategy as defensive. We want to focus on defending well against opponent, and attack at the right moment with high precision and success rate.
Russian strategy in world war II may be defined as a classical defensive strategy, where they defending against German attack, letting them spread and wearing them down with time. Once, they had fully understood German tactics and strengths they began to retaliate and defeated Germans through effective counter attacks.
Why is Strategy only related to business? Why not strategy in general?
Strategy isn’t only related to business!
@@WhatIsStrategy I know but I was asking why is it always related to business when most talk about it? It appears like you're the first source I have found on the internet that actually talks about strategy itself and how it can be applied in all areas of life, including business.
@@_VISION. people like money! ..and business is better than war
@@WhatIsStrategy Not if you're a powerful nation but I understand what you're saying.
@@_VISION. 👍
I've heard it described as "Taking a goal, understanding the problem in its path and presenting a solution to reach it."
Great defn for a strategy!
Baklol ...
I really liked your definition, but... I think that you put competition in the definition because a lot of what is spoken about strategy come from the bussiness enviroment and war, but it's not necessary because strategy transcend these fields. If I want to set the better strategy to travel around the world with the less money spending possible, I'm not necessarily competing with someone.
One of my biggest worries about strategy is that most people think that strategy necessarily is something linked to business or war (both involve competition). Strategy is something bigger. Correct me if i'm wrong.
Great points Mauricio. You’re 100% right that most strategy is overly focused on war and business and therefore competition and opponents. I would still argue that competition is a necessary part of strategy though, even if the competition is your past or future self (running your best time, lifting a heavier weight..etc). Fundamentally, resources are scarce, or at least non-infinite. You want to maximize world travels while minimizing money spent - the time, money, and other intangible parts of that (like the experience of traveling) are all scarce. More people want those things than can have them so there’s inherently a competition for those resources and experiences.
Regardless, I agree with the spirit of your comment - good strategy isn’t all about war and business. It’s often about living the best life we can and we’re not really competing against an opponent in those cases.
Thank you for the thought provoking and excellent comment!!
@@WhatIsStrategy Oh, I see, you are considering competition because the resources are scarce, and not because the goal of trying to win over someone. I can agree with that.
You're welcome. Keep up the good work!
You'll grow... just post more and more videos...!
Posted the latest on my channel earlier this week
@@WhatIsStrategy Please don't stop posting we need your informative contents...! Bless You! 💐🌟
@@CodmHarleenQuinzel thank you for your support - it means a lot! I already filmed my next video last night. Let me know what you think about my most recently published: ruclips.net/video/qBdYq6nf9nk/видео.html
@@WhatIsStrategy No worries to say thanks its your Hard work and effort.
I watched your video but some of the part of that video doesn't matches with the audio like sometimes it fits but sometimes it doesn't.. it could make people to feel skip just only to read what's written on the video. There could be chance of people loosing interest in some parts of the video.
@@CodmHarleenQuinzel thanks for the feedback! I’ll keep experimenting and publishing
Very interesting
Enlightening!
Just beautiful.
Fine
Thanks
Biplabsingharay
Nice definition
nice!