What is strategy

 What is strategy? 

Strategy is the creation of mind.

An essay on Strategy is the creation of mind. include point and counter point give references


Strategy is the creation of mind, and it is a crucial part of successful business operations. Through the use of strategy, businesses are able to identify their goals, plan how to reach those goals, and develop strategies for achieving them. This essay will discuss the importance of strategy in business operations, as well as present a point and counterpoint argument addressing the advantages and disadvantages of strategy.


The advantages of strategy are evident in the success of many businesses. When a business has a clear strategy, it can form objectives and develop a plan on how to reach those objectives. With this plan in place, companies are able to allocate resources appropriately, and make better decisions when it comes to choosing which projects to pursue and which to pass up. Additionally, having a strategy in place gives employees a sense of direction and purpose, allowing them to be more productive and motivated. Finally, having a strategy in place also allows a business to better anticipate and prepare for changes in the market, giving them a competitive edge.


On the other hand, there are certain disadvantages to having a strategy in place. For one, it can be difficult to create a strategy that is both comprehensive and effective. Companies need to consider many different factors when creating a strategy, which can be both time consuming and costly. Additionally, strategies can become outdated quickly, as the market can change quickly and unexpectedly. This can lead to companies being unprepared and unable to respond quickly to changes, resulting in lost opportunities and revenue.


In conclusion, strategy is an essential part of business operations, and it can be an invaluable tool for companies who want to succeed. However, it is important for businesses to be aware of the advantages and disadvantages of having a strategy in place. With the right strategy in place, businesses can reach their goals and stay ahead of their competitors.


References


1. Berman, B. (2017). The importance of strategic planning in business. Retrieved from https://www.thebalance.com/the-importance-of-strategic-planning-in-business-2275558


2. Grow, B. (2018). The advantages and disadvantages of business strategy. Retrieved from https://blackbook101.com/the-advantages-and-disadvantages-of-business-strategy/

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