Strategy definition: a strategy is a plan of possible actions to be taken, towards a desired outcome.  Point where you want to go – towards a goal – and you then figure out how – which is a strategy.  (from the post Personal Strategies – Introduction).

A strategy includes a plan to maintain a specific balance between challenges involved in the situation.  An example is a new menu strategy of a busy restaurant to lower the average time for each table of customers, while also balancing aspects such as the time it takes to cook the food.  If the restaurant drops items that take longer to cook, then customers can finish quiker, and the restaurant may be able to have more customers per day.

One thought on “Strategy

Leave a Reply

Your email address will not be published. Required fields are marked *