Transcription of Fred Nickols
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Fred Nickols
2016 Strategy Definitions & Meanings fred Nickols STRATEGY: DEFINITIONS AND MEANINGS fred Nickols 2016 Page 1 IN T R O D U C T I O N This is one of three occasional papers I prepared while head of Strategic Planning & Management Services at Educational Testing Service. This paper examines various definitions and meanings of the term strategy and related terms ( , policy, tactics, ends and means). Its aim is to clarify and make those terms more useful. The concept of strategy has been adopted from the military and adapted for use in business. A review of what noted writers have to say about business strategy suggests that the adoption was easy because the adaptation was modest. In business, as in the military, strategy bridges the gap between policy and tactics. Together, strategy and tac-tics bridge the gap between ends and means (Figure 1).
STRATEGY: DEFINITIONS AND MEANINGS © Fred Nickols 2016 Page 1 INTRODUCTION This is one of three occasional papers I prepared while head of Strategic Planning & Management Services at Educational Testing Service.
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