Strategy.. Strategy.. What is this Strategy???

At the start of every new year, most organizations are abuzz with this word called “strategy”. Every one is talking strategy, reviewing strategy, attending strategy presentations, drafting strategies or finalizing strategies.. Sigh! I wonder how strategically successful all these people / companies are?

Don’t get me wrong here. Having been in the corporate world for several years now, I do understand and appreciate the importance of strategy, and how it can be critical in your growth, differentiation or success. But once in a way I also think it is important to step-back, go back to the basics and see what others have to say.

Sharing some words on strategy from the wise

“However beautiful the strategy, you should occasionally look at the results.” (Winston Churchill)

“Strategy formulation, then, is an ongoing requirement of good management. It is, to quote Michael Porter, ‘a process of perceiving new positions that woo customers from established positions or draw new customers into the market.’ This is a process you must permanently embed in your organization.”
(Harvard Business Review Blog Network)

“The essence of strategy is choosing what not to do.” (Michael Porter)

“A satisfied customer is the best business strategy of all.” (Michael LeBoeuf)

“A strategy is something like, an innovative new product; globalization, taking your products around the world; be the low-cost producer. A strategy is something you can touch; you can motivate people with; be number one and number two in every business. You can energize people around the message.” (Jack Welch)

“There’s only one growth strategy: work hard.” (William Hague)

“The best CEOs I know are teachers, and at the core of what they teach is strategy.” (Michael Porter)

Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.” (Sun Tzu)

“In marketing I’ve seen only one strategy that can’t miss – and that is to market to your best customers first, your best prospects second and the rest of the world last.” (John Romero)

“What business strategy is all about-what distinguishes it from all other kinds of business planning-is, in a word, competitive advantage. Without competitors there would be no need for strategy, for the sole purpose of strategic planning is to enable the company to gain, as efficiently as possible, a sustainable edge over its competitors.” (Kenichi Ohmae)

“In McKinsey’s world, all of life is one of two things: strategy or organization.”  (Tom Peters)

“The real challenge in crafting strategy lies in detecting subtle discontinuities that may undermine a business in the future. And for that there is no technique, no program, just a sharp mind in touch with the situation.” (Henry Mintzberg)

“Strategy is not the consequence of planning, but the opposite: its starting point.” (Henry Mintzberg)

“In real life, strategy is actually very straightforward. You pick a general direction and implement like hell.” ( Jack Welch)

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