What do you understand by strategy?

Is it really important? can it be planned in advance?

Answers:
A strategy is a long term plan of action designed to achieve a particular goal. Strategy applies to many disparate fields, such as: Military strategy, Marketing strategies, Strategic management, Football strategy, Game theoretical strategy, Economic strategy, Neuro-linguistic programming strategy

ya it is really important to have strategy in respective field to achieve target. Because we can find pitfall in advance if there are any. And it can be planned in advance.
Can it be planned in advance ?

Lets hope so eh. I never seen anyone plan restrospectively, unless you're in government.

A strategy is a high level view of the path you want to take. Its not a detailed plan, its more a combination of objectives and operations statements.
A strategy is a long term plan of action designed to achieve a particular goal. A company's overall plan of development. Strategy can be more formally defined as a comprehensive plan or action orientation that identifies the critical direction and guides the allocation of resources of an entire organization. The strategy is typically a statement about what should be done to ensure prosperity based on the company's vision, values and mission. Besides a corporate strategy, each business unit of a large corporation may have its own strategic plan.
strategy is that long term plan you employ to undertake something
1. Alice in Wonderland..Alice asked the white rabbit "where does this road lead to"? The white rabbit said that if you do not know where you are going, any road will lead you there. But really, is that where you want to end up with? You may be in a big surprise when you get there.

2. Imagine you are captain of a large ocean tanker moving in a straight line. All of the sudden, you turn off the engine. The ship will continue in the same direction for quite a while. To change course or direction, you need to think ahead and chart your course. thus the saying "Captain of industry".

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