View source for Strategy - Strategies for E-Business

In [[Strategies for E-Business|Strategies for E-Business]] Strategy is the direction and scope of an organization over the long-term, which achieves advantage for the organization through its configuration of resources with a changing environment to the needs of markets and fulfill stakeholders expectations. Strategy:
* Is concerned with the ''long-term direction'' of the firm.
* Deals with the ''overall plan for deploying the resources that a firm possesses''.
* Entails the willingness to make ''trade-offs'', to choose between different directions and between different ways of deploying resources.
* About achieving ''unique positioning'' vis-a-vis competitors.
* Has a goal to achive a sustainable competitive advantage over rivals and thereby to ensure lasting protifability

Strategy can be defined at different levels within a cooperation:
* Corporate level strategy
** Concerned with overall purpose and scope of the firm
* Business unit strategy
** Concerned with dealing how to compete within individual markets
* Operational strategy
** Deals with how to implement a business unit strategy

Part of [[M8-S1 - Reading - Strategies for E-Business - Chapter 1|M8-S1 - Reading - Strategies for E-Business - Chapter 1]]
See also: [[Tactics|Tactics]]
[[Category:businessmodelling]]

[[Category:Business]]

[[Category:M8]]

[[Category:Modeling]]

[[Category:Strategy]]

[[Category:Term]]