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Difference between Policy and StrategyThe term "policy" should not be considered as synonymous to the term "strategy". The difference between policy and strategycan be summarized as follows-Policy is a blueprint of the organizational activities which are repetitive/routine in nature. While strategy is concerned with those organizational decisions which have not been dealt/faced before in same form.Policy formulation is responsibility of top level management. While strategy formulation is basically done by middle level management.Policy deals with routine/daily activities essential for effective and efficient running of an organization. While strategy deals with strategic decisions.Policy is concerned with both thought and actions. While strategy is concerned mostly with action.A policy is what is, or what is not done. While a strategy is the methodology used to achieve a target as prescribed by a policy.
it determines how you should write your outlines and therefore, your paper
Decision making is required during planning but planning is forming a plan before doing. Decision making is required while doing because unplanned things happen.
I believe you mean the Project Initiation Document (not just Project Document). The feasibility study occurs before initiating the project. The project initiation document assumes that the project is approved, is feasible (on all levels), and aligns with the company strategy (as explained by the feasibility study).
The concepts behind strategic thinking are relatively simple. Look at your assets, your competitors, market opportunities, execution capabilities, and then mix it all together to maximize the outcomes you have decided are most important. In practice, doing that effectively is much more difficult than it sounds. Now throw a wrench into the process - the wrench of creative strategy - and watch the entire strategic thinking department freak out. Strategy is, in general, adaptive. New market opportunities rarely catch entire industries by surprise. The moves of most companies are evident in advance, so it really becomes a game of small adaptations to new circumstances by offering new products, entering new lines of business, and using other basic strategic business moves. Once in awhile though, a company makes some discontinuous leap. Creative strategy involves strategic moves that come as a surprise. Because such moves are unexpected by definition, you can't plan for them. Think of Apple releasing the first iMac, and re-defining the playing field for home computers and how they are evaluated. Think of Southwest, launching a flight network that isn't the hub-and-spoke model so common in the airline industry. Blue Ocean strategies are often creative strategies, because they re-define some key part of the industry in a way that no one expected. Almost all literature about strategic thinking is geared to adaptive strategy, which makes sense because that is what companies need most of the time. As a result, creative strategies, when they work, work really really well. How can you implement a creative strategy at your own company? Well, most likely you can't. It isn't just about creativity or innovation, it's about market opportunities and positioning possibilities that only line up on rare occasions. That said, here are three things I think can help keep you primed to generate a creative strategy. 1. Pay attention to social and cultural trends. Most business people watch demographic changes, but you need to monitor behavioral changes in addition to that. You can't launch a creative strategy around a mobile device until you reach a tipping point in society where most people have them and are comfortable using them. Keep an eye on these trends and you will eventually find one that you can use to re-shape your industry. 2. Invert. Charlie Munger says to always invert, and this is a great way to find creative strategies. Take standard industry dogma and flip it on it's head. For instance, radio used to be free and ad supported. Satellite radio inverted that model and made radio paid and ad free. Always be looking to invert in your industry. 3. Practice creativity. The things you do on a regular basis become habit for your brain, so practice being creative. You may have to generate 1000 wacky ideas before you find that one that is a strategic homerun, but a single great creative strategy can be worth the time andinvestment of those wasted ideas. So keep an eye out for ways to shake up your industry with a creative strategy, but remember that what seems on the outside like a quick easy explosion to the top of a market is really built on years of hard work and preparation. Most people become "overnight" successes only after they have spent years preparing for it.
before, during, and after reading
Strategy affects structure because you have to know how you are going to go at something before it can be accomplished. Structure is a very important feature to have.
A pre-reading strategy for adding to existing information is to activate prior knowledge by reviewing what you already know about the topic. Make connections between your existing knowledge and the new information you are about to read. Skim through the material to get a sense of the main ideas and key points before delving into a detailed reading.
The first step in a reading strategy is to preview the text by scanning headings, subheadings, images, and summaries to get an overview of the content. This can help you understand the main ideas and structure of the text before diving into the details.
Survey . . . Before reading Paraphrasing . . . While reading Summarizing . . . After reading
iPhone sales
The primary strategy is to watch for and anticipate problems and places that could be a problem before getting there.
why am i reading this?
figure out your purpose for reading.
To organize your thoughts and questions before reading a text
There is no requirement for a reading of the will. That is a fictitious concept.
Sell you Toyota -