Title: 5 Reasons Why Strategy is Important - Albu Strategy Management
Headings: 5 Reasons Why Strategy is Important
5 Reasons Why Strategy is Important
Content: Strategy creates a higher level of awareness and provides greater focus on activities that will make the organization more successful. 3. Skills & Knowledge – If you know where you want to take your business over the long term, you will have a much better idea of the kinds of capabilities you will need to achieve your goals. Strategy defines and drives decisions in organizational design. Therefore by proactively pursuing new skills and knowledge, you prepare the organization for the intended future state and your odds of success increase. 4. Resource allocation – One thing is clear about any company, large and small—resources are finite. We wish they were infinite, but that will never be the case. Strategy is about making choices. What products, services and markets will be a part of the future and what we should not do?