What Is The What If Strategy?

What are the four R’s in driving?

The National Safety Council (NSC) recommends “The four R’s” when trying to avoid a head-on collision: Read the road ahead.

Look around your vehicle.

Look up to the next hill, curve or overpass to be aware of your surroundings and other vehicles..

What is a strategy example?

So, for example, your marketing strategies would look at price, distribution, product, packaging, and promotion. There might be a specific strategy for each. HR management will have a set of strategies too. These could include recruitment, retrenchment, remuneration strategy, or training strategy.

What makes good strategy?

A good strategy provides a clear roadmap, consisting of a set of guiding principles or rules, that defines the actions people in the business should take (and not take) and the things they should prioritize (and not prioritize) to achieve desired goals.

Why is a strategy important?

Drives decisions – Strategy is what drives decisions in business. By helping organisations identify their strengths and weaknesses, an effective strategy will help you decide where your efforts and resources are best spent. These decisions are crucial in ensuring your business has a profitable and sustainable future.

What are the 5 strategies?

They stand for Plan, Pattern, Position, Perspective and Ploy. These five components allow an organisation to implement a more effective strategy. A strategy is aimed at the future, concerns the long term and involves different facets of an organisation.

What are the 3 levels of strategy?

The three levels of strategy are:Corporate level strategy: This level answers the foundational question of what you want to achieve. … Business unit level strategy: This level focuses on how you’re going to compete. … Market level strategy: This strategy level focuses on how you’re going to grow.

What are the 3 types of strategy?

There are three types of strategic planning that are essential to every firm: corporate, business and functional.

What is not strategy?

Actually the Wikipedia entry says “a strategy is a plan to achieve a specific goal or objective”. … A strategy is not simply a plan. Having a plan does not enough to constitute having a strategy. A strategy may contain a plan for implementation, but a plan alone is not a strategy and a strategy is not simply a plan.

What is the 12 second rule?

The 12-second rule is designed to remind motorists that they need room to slow down, stop or take evasive action if something happens on the road in front of them. By watching for possible road hazards 12 seconds ahead, drivers will have more of a chance to avoid a collision.

What does it mean to have a strategy?

Strategy is where you will focus your efforts to achieve your goals, and how you will succeed—or, “where to play and how to win.” It defines a specific course of action that will take you from where you are now to where you want to be.

What is your IT strategy?

IT strategy (information technology strategy) is a comprehensive plan that outlines how technology should be used to meet IT and business goals. An IT strategy is a written document that details the multiple factors that affect the organization’s investment in and use of technology.

What are the four types of strategy?

4 Levels of Strategy-Making / 4 Types of Strategic AlternativesCorporate level strategy.Business level strategy.Functional level strategy.Operational level strategy.

What is an example of strategic thinking?

Examples could include (a) the CEO of a Fortune 100 company using a strategic management process to establish future strategies for the firm, (b) an R&D director deciding on funding levels for a research project, (c) an individual staff member making decisions about priorities and time to be devoted to various tasks, …

How many car lengths is 2 seconds?

The two-second rule is useful as it works at most speeds. It is equivalent to one vehicle- length for every 5 mph of the current speed, but drivers can find it difficult to estimate the correct distance from the car in front, let alone to remember the stopping distances that are required for a given speed.

What is the most unsafe driving behavior?

Unsurprisingly, speeding is the biggest unsafe driving behavior in the US, as it is in many countries around the globe. Although going a few mph over the speed limit isn’t that uncommon, it could be the difference between life and death if you’re not careful.

What is strategy simple words?

Strategy – a simple definition here’s our simple definition of strategy: The intentional means through which one seeks to achieve a set of objectives, guided by a particular vision and direction.

How do you write a good strategy?

Draft a planExecutive summary. You want the reader to quickly grasp the mission of your company, its values, issues and goals and key strategies to reach goals. … Signature page. … Company description. … Mission, vision and value statements. … Strategic analysis. … Strategies and tactics. … Action plan. … Budget and operating plans.More items…

What is strategy and its purpose?

Strategy is a well defined roadmap of an organization. The objective of a strategy is to maximize an organization’s strengths and to minimize the strengths of the competitors. Strategy, in short, bridges the gap between “where we are” and “where we want to be”.