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3 Characteristics of Strategy and Strategy VS Policy

The document discusses the characteristics and differences between strategy and policy. It outlines that strategy is meant to be a grand plan considering what an adversary may do. Strategy relies on competition and assumes negative scenarios. It also involves determining long term goals and objectives, and how to allocate resources to achieve those goals despite obstacles. Unlike policy, strategy implies actions and decision-making. The document also notes that strategy and policy sometimes collide, such as when strategies exist without established policies, or when policies are directional while strategies are more operational.

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Jerico Manalo
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131 views1 page

3 Characteristics of Strategy and Strategy VS Policy

The document discusses the characteristics and differences between strategy and policy. It outlines that strategy is meant to be a grand plan considering what an adversary may do. Strategy relies on competition and assumes negative scenarios. It also involves determining long term goals and objectives, and how to allocate resources to achieve those goals despite obstacles. Unlike policy, strategy implies actions and decision-making. The document also notes that strategy and policy sometimes collide, such as when strategies exist without established policies, or when policies are directional while strategies are more operational.

Uploaded by

Jerico Manalo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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1.

4 CHARACTERISTICS OF STRATEGY
Other than defining the word strategy, there are several characteristics on the nature of
strategy as shared by many authors and scholars. The following are just a few of the
characterizations on the nature of the word strategy:
a.) Strategy is traditionally meant to be a grand plan made in the light of what it was
believed an adversary might or might not do.
b.) Strategy derives its relevance given from the existence competition in business.
c.) It is done on the presumption of the existence of a negative scenario.
d.) It also connotes general program of action and deployment of emphasis and resources to
attain comprehensive objectives.
e.) A process of deciding on objectives of the organization, on changes in these objectives,
on the resources used to attain these objectives, use and disposition of these resources.
f.) It involves determination of the basic long term goals and objectives of an enterprise, and
adoption of courses action and the allocation of resources necessary to carry out those
goals.
g.) A decision about how to use available resources to secure a major objective in the face of
obstruction.
h.) Unlike policy, strategy implies actions and guides decision-making, spelling out
directions to be taken.
i.) Strategy may, in some extreme or necessary cases, exist without a policy.

1.5 STRATEGY VS. POLICY


In the course of running the business in real setting, business policies and strategies often
collide thereby inviting dilemma and creating confusion. When conflict exist between or
amongst policies and strategies determines the direction of the business. The following are
situations where strategy and policy oftentimes come in collision course making it difficult to
operationalize a strategy within the bounds of standing policy:
a.) In many instances, business policies exist amidst absence of business strategy and
strategies may exist without established business policies.
b.) If ever they exist, business policies are generally directional in nature and strategy is
more operational in context.
c.) Business policies are often formal or written and strategies may be informal and not
necessarily written and often conditional.
While in theory policies and strategies vary in meaning and context, these terms are often
used interchangeably or synonymously in many books or among authors themselves. In this
book, policy is viewed more as an external orientation that the firm’s management should
practice to stay competitive in the industry or sector it belongs.

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