Strategy is the art of achieving goals.
Since then, to devise and execute strategy to achieve one’s goals one has to establish a thorough understanding of the system one is dealing with and its environment and propose a clear and focused outline for measures that need to be taken minding every aspect of system methodology in one’s circumstances (examples provided):
- system, its scope and boundaries (business entity, ecosystem)
- system goal function (value creation)
- system state (strategic ideal)
- managing system (corporate governance)
- management (value-based management, total bank management)
- evolution path (digital transformation)
- feedback (performance measurement)