Strategy - Few Perspectives

• The essence of strategy is choosing what not to do.
• It's about long term consequences of your short term choices.
• Gives you focus where to put your energies and resources.
• Strategy is a "Plan" to create "Value".
• An integrative set of choices that positions you on a playing field of your choice in a way that You win.
• The imagination and logic to choose between specific alternatives; resource control beyond immediate needs; and. the will to forego current benefits in order to invest in the future potential.
• A plan designed to achieve a particular goal.
• The unique value a business provides to the market.
• Strategy is a deliberate and integrated plan or course of action undertaken by an organization to achieve a long-term goal or set of goals, considering its internal capabilities and external environment, and involving resource allocation, competitive positioning, and adaptation to change. It encompasses decisions on where to compete, how to compete, and the means to achieve strategic objectives, with the aim of creating sustainable competitive advantage. Strategy provides a framework for aligning organizational activities and guiding decision-making over an extended time horizon.
• Strategy is the response to the challenges keeping you from reaching your ambitions.
• "The core of strategy work is always the same: discovering the critical factors in a situation and designing a way of coordinating and focusing actions to deal with those factors." This core consists of "a diagnosis, a guiding policy, and coherent action."
• Strategy is a cohesive response to an important challenge.
• The most basic idea of strategy is the application of strength against weakness. Or, if you prefer, strength applied to the most promising opportunity.
• Making choices ahead of time in the face of uncertainty.
• To deploy that capital to drive growth, generate value, and create sustainable competitive advantage.
• A comprehensive process for determining what a business should become and how it can best achieve that goal.

On the flip side, IMHO the strategy often offers an illusion to still many thinking that they got a plan (though strategy and planning are fundamentally two different things) and often miss to examine problems/goals from different lenses. 

Last but not least, execution is what matters the most since just thinking, planning and strategizing doesn't really move anything and 90% IMHO couldn't cross that chasm.  

HTH...

A Tech Artist 🎨