IT and the Executive: Value Chain Analysis

Question: What is a Strategy(1) ?
The Oxford English Dictionary defines a strategy as follows:
1: The art of war.
2a: The management of an army or armies in a campaign.
2b: the art of moving troops, ships, aircraft, etc into favourable positions
3: A plan of action or policy in business or politics
So let us now ask this question again, and this time attempt to answer it using a more information systems and business oriented language.
“Strategy is a rule for making decisions under conditions of partial ignorance, whereas policy is a contingent decision. Business strategy is the broad collection of decision rules and guidelines that define a business’s scope and growth direction.” [1]
“Strategy is the pattern of objectives, purposes or goals and major policies and plans for achieving those goals stated in such a way as to define what business the company is in or to be in and what kind of company it is or is to......

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Title: Value Chain Analysis
Approximate Word Count: 1517
Approximate Pages: 7 (250 words per double-spaced page)

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