30 Mayıs 2008 Cuma

What is strategy?

The word strategy derives from the word strategos which is a Greek word. Strategos also derives from two words stratos(army) and ago(leading). In the age of Athenian Democracy the word strategos referred to military commander. The word strategy actually comes from military. The definition of strategy which is related with military science is that strategy is a branch of military science dealing with command, planning and conduct of a war. The most simple definition of the strategy is that strategy is a systematic plan to accomplish a special aim or result. However strategies generally design for long term aims. In game theory strategy is a complete plan for all situations in the game or business. Strategy fully determines the player’s behavior. A player’s strategy determines all actions of player for any stages of the game. As a result strategy is a long term systematic plan which is not well-detailed.

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