Definitions of strategy

Question 1

What is Porters definition of strategy?

Answer 1

Strategy is a consostent set of activities that distinguishes a company from it’s competitors.

Question 2

Whar is Mintzbergs definition of strategy?

Answer 2

Strategy is a pattern in a flow of decisions.

Question 3

What is Voigts definition of strategy?

Answer 3

Strategy is a master plan to achieve goals, designed in a long time and wih aggregated sizes.

Question 4

What is Hintergubers/Dunsts definition of strategy?

Answer 4

Strategy is difficult to define, because strategy and action plans overlap each other.

Question 5

What do all definitions have in common?

Answer 5

1. Consideration of the business environment
2. Long-term strategic action
3. In a broader sense: with action plans and targeting