Company or individual adding value to investments with experience, market knowledge and contacts.

Method of analyzing the external environment of competitors and customers and the internal environment of the organization to maintain optimum practices of management.

Identification of competitive advantages that are sustainable.

An objective broadly defined that the organization needs to achieve to make its strategy a success.

Long term agreement reached for sharing resources to achieve a common objective.

Reserve kept for emergencies and added to constantly to prevent depletion in unstable times.

The broadly defined plan aimed at the creation of a desired future. See long term plan , short term plan , strategic business plan .

Process of seeing the desired future and turning it into goals and objectives in order to achieve the future.

Ranking in importance of objectives.

Long term plans to ensure timely goods supply critical to a company’s ability in meeting core objectives.

Agreement between entities for conducting activities in order to achieve objectives.

Description of a company’s core strategy to exploit opportunities and avoid risks.

Large stock of essential materials and goods to withstand a long period of scarcity caused by a natural disaster , war or strike action. See strategic stockpiles.

Substituting one strategic priority for another one.

Factors that affect the organization ‘s external environment and its strategic objectives.

Ideas for creating a business with direction and actions.

Period of time that is temporary between competitive abilities in an organization and the markets existing needs. See window of opportunity .

1. Plan or method selected to create a desired future. 2. science and art of planning resources for the most efficient use. See tactics.

The exposure to loss that results from a defective or an inappropriate strategy.

1. Classification of large quantity of data into groups based on criteria exhibited. 2. Society’s hierarchical arrangement into layers based on features such as gender, race, age.

A military government ; government by military chiefs of an army.

In old English law . A surveyor of the highways.

See BAIL.

Irresponsible persons, or men of no property, who make a practice of going bail for any one who will pay them a fee therefor.

1. Draft or outline copy ready for suggestions and comments. 2. Third party used as a cover in illegal or shady deals. 3. Nominee director . 4. A weak or […]