What is a Strategy?

To win at anything worthwhile you need a strategy. A strategy is an action plan involving a series of maneuvers for obtaining specific results. A good strategy consists of three elements: analysis, formulation and implementation. Forbes contributor, Sheryl Lyons turns managers into leaders by helping them understand what strategic planning is and how strategic planning can be “used to invest in necessary resources, by providing strategies and skills to help your company reap dividends for years to come.“   She assists leaders build a culture as competitive advantage. Lyons goes on to explain, “without strategic planning, decisions can lack direction and daily task often lack purpose.” In the early stages of creating a strategy, Lyons suggest conducting a SWOT analysis to clearly identify internal strengths and weaknesses, as well as external opportunities and threats. This SWOT analysis assists in building a strategy that positions organizations for long-term success.

Published by We Love Teachers

Hi there and welcome! I’m Jennifer Fenn – Project Lead the Way and Robotics Teacher. I’m also a freelance curriculum developer and technical writer, educational blogger and founder of We Love Teachers Podcast.

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