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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Learning Activity 1

Learning Activity 1

Q Learning Activity 1: Chapter 2 introduces us to the concepts of “strategy as process” and “strategy as components”. (These are my terms.) The text suggests that there are subcomponents to strategy, such as financial strategy, marketing strategy, operational strategy, etc. Based on this week’s readings, how might you speculate about the relation among these various “substrategies”? How do they fit together into a master strategy or master plan?

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I think that a master strategy or a master plan is something which has to do with the integration of different components and subparts to ensure that the master plan works efficiently and effectively in the long run. Therefore, it is extremely important to understand the importance of the subcomponents of a master strategy like operations, marketing as well as the financial strategies of a particular organization. However, initially the overall situation of the existing organizational scenario must be analyzed by the strategic manager.