Strategy is a high-level plan that outlines how an organization will achieve its goals. It is a long-term plan that takes into account the organization’s strengths, weaknesses, opportunities, and threats. Strategy is essential for any organization that wants to be successful in the long run.

There are many different types of strategies, but they all share some common elements. These elements include:

Strategy is an essential part of any organization’s success. By understanding the different elements of strategy and by developing a well-thought-out strategy, organizations can increase their chances of success.

Here are some of the benefits of having a strategy: