ICMR Case Studies and Management Resources |
Business Strategy
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Strategic management consists of a set
of decisions and actions resulting in the formulation and implementation of
strategies designed to achieve the objectives of an organization. It
involves taking decisions about the products, location, and the
organization’s structure—decisions that determine the survival of the
organization in the short and long term. It starts with strategic diagnosis,
and culminates in new products, markets, technologies and capabilities. The
strategist’s work is to challenge the prevailing setup with a single
question: "Why?", and to ask the same question as many times as necessary to
make the future as clear as the present for managers at all levels. |
"The general who wins the battle makes many calculations in his temple before the battle is fought. The general who loses makes but few calculations beforehand."
-Sun Tzu
"There is no ‘perfect’ strategic decision. One always has to balance conflicting objectives, conflicting opinions, and conflicting priorities. The best strategic decision is only an approximation—and a risk."
-Peter Drucker
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Title : Business Strategy Textbook |
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Title : Business Strategy Workbook |
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Title : Business Strategy |
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