What is a synonym for strategically?
Synonyms & Near Synonyms for strategic. decisive, fatal, fateful.
What do you call a person who is strategic?
More neutral but still specific terms include strategist (Someone who devises strategies) and planner (One who plans). Positive and less specific are prudent, judicious, meticulous, astute, and perhaps circumspect. (
What is opposite of strategic?
The opposite of strategy = ad hoc, reactionary, unplanned. The opposite of strategy = ad hoc, reactionary, unplanned. Each new project reinvents the wheel. Lessons are unlearned.
What is another word for strategize?
In this page you can discover 17 synonyms, antonyms, idiomatic expressions, and related words for strategize, like: design, frame, formulate, lay plans, plan, project, scheme, work out, conceive, lay and dope out.
What is the verb of strategy?
intransitive verb. : to devise a strategy or course of action.
What is the meaning of strategy?
Strategy (from Greek στρατηγία stratēgia, “art of troop leader; office of general, command, generalship”) is a general plan to achieve one or more long-term or overall goals under conditions of uncertainty. A strategy describes how the ends (goals) will be achieved by the means (resources).
What are the five P’s of strategy?
Each of the 5 Ps stands for a different approach to strategy:Plan.Ploy.Pattern.Position.Perspective.
What are the 5 strategies?
They stand for Plan, Pattern, Position, Perspective and Ploy. These five components allow an organisation to implement a more effective strategy. A strategy is aimed at the future, concerns the long term and involves different facets of an organisation.
What are the three definition strategies?
Definition: Michael Porter developed three generic strategies, that a company could use to gain competitive advantage, back in 1980. These three are: cost leadership, differentiation and focus.
What is strategy simple words?
Strategy – a simple definition here’s our simple definition of strategy: The intentional means through which one seeks to achieve a set of objectives, guided by a particular vision and direction.
What is a strategy example?
So, for example, your marketing strategies would look at price, distribution, product, packaging, and promotion. There might be a specific strategy for each. HR management will have a set of strategies too. These could include recruitment, retrenchment, remuneration strategy, or training strategy.
What are the 3 generic strategies?
According to Porter’s Generic Strategies model, there are three basic strategic options available to organizations for gaining competitive advantage. These are: Cost Leadership, Differentiation and Focus.
What are the four generic strategies?
Four generic business-level strategies emerge from these decisions: (1) cost leadership, (2) differentiation, (3) focused cost leadership, and (4) focused differentiation. In rare cases, firms are able to offer both low prices and unique features that customers find desirable.
What is the starting point of strategic intent?
Vision is the starting point of strategic intent. The fundamental purpose of strategic planning is to align a company’s mission with its vision.
What are five generic competitive strategies?
4.8 MICHAEL PORTER’S FIVE GENERIC STRATEGIES Cost leadership. Differentiation. Focus.
What are Michael Porter’s competitive strategies?
The two basic types of competitive advantage combined with the scope of activities for which a firm seeks to achieve them, lead to three generic strategies for achieving above average performance in an industry: cost leadership, differentiation, and focus.
What are generic competitive strategies?
The Generic Competitive Strategy (GCS) is a methodology designed to provide companies with a strategic plan to compete and gain an advantage within the marketplace. According to Porter, a company can leverage its strengths to position itself within the competition.
What are the three basic types of competitive advantage?
There are three different types of competitive advantages that companies can actually use. They are cost, product/service differentiation, and niche strategies.
What are the six factors of competitive advantage?
The six factors of competitive advantage are quality, price, location, selection, service and speed/turnaround.
What is an example of competitive advantage?
Three great examples include: McDonald’s: McDonald’s main competitive advantage relies on a cost leadership strategy. The company is able to utilize economies of scale and produce products at a low cost and, as a result, offer products at a lower selling price than that of its competitors.