The idea of corporate strategy is usually wrongly understood by people. Employees during their growth phase are so fascinated by this term, they assume it is about setting team goals, and about creating broad frameworks. They also assume that strategy is about writing long documents and motivating others. Drawing graphs on a whiteboard is just one of those means to achieve this. However, as one grows one understands that this is just a stereotype on what work really constitutes. Instead, strategy is about engaging with high- level business and product decisions. Strategy involves three steps. The first is to streamline all company activities towards the final goal of success. One needs to understand the kind of problems being dealt with, and which one deals with which stakeholder group. Finally one needs to prioritize the most important tasks, and execute them with pace.

Source:https://sloanreview.mit.edu/article/how-to-become-a-strategic-leader/

Uploaded Date:13 May 2019