Strategy Is the Science of Success and Failure

question 41

Essay

Strategy is the science of success and failure.Elaborate on this statement.

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Definitions:

Informal Nature

Refers to an unsanctioned or unofficial manner or condition that is not formally recognized or controlled.

Politics

involves activities associated with governance, decision-making within a group, and the exercise of power and influence.

Non-sanctioned Means

Actions or methods that are not officially approved or recognized, often used to achieve goals when conventional routes are unavailable or ineffective.

Information Power

The influence and potential control over others emanating from the possession, access to, or control over valuable information.