Please answer the following questions in 3-5 sentences only.

1. How do you define strategy in your own perspective?

2. What do you think is the relevance of strategy in any business undertaking?

Strategy is a tactical outcome after analytically analyzing a certain condition. It’s a unique way to achieve
goals and objectives by using such skills. That it involves thinking to achieve a desired thing. Certain
plans become successful because of a successful strategy.

It takes time and resources to run a day to day business but in todays’ world, there are a multitude of
benefits to having and working a strategy. Every business should know where they are going. One thing
that makes them successful is because of strategy. The relevance of strategy in any business
undertaking is that it maximizes their chance to achieve their set objectives and helps them improve
their performance. Businesses can surely be protected against a sudden change in the environment.