Strategy is a method or plan for achieving success in situations such as war, politics, business, industry, or sport, or the skill of planning for the achievement of goals or problem-solving usually over a long period of time.
Related Definitions in the Project: The Project Management
Example Article of the Strategy:
The Right Strategy For Oil Companies In 2023 (Source: Oil Price on 31 December 2022): By Leonard Hyman & William Tilles - Oil and gas producers seemingly have settled on a strategy. OPEC and Russia will limit production and let prices rise during a global war-famine-pandemic. OPEC sets the price umbrella while the Russians discount the price for obvious geopolitical reasons. All other big oil producers adhere to pricing and supply discipline knowing that OPEC’s costs of production are so low that OPEC can undercut any oil producer that ignores pricing discipline. The big US producers say they will not expend capital to increase supply when they lack assurance of continued demand. As for high prices, they result from competition in the market, the oil CEOs say. We all know how this will end, as it always does: demand will weaken and producers who would rather get a lower price than let some other producer get the business will cheat. But not for a while. ...
