Article | REF: AG2230 V2

Firm Strategy and Innovation Project Management

Author: Sandrine FERNEZ-WALCH

Publication date: August 10, 2018, Review date: January 29, 2021

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1. Strategy content and strategic decision-making

The term "strategy" is very old, but it was reserved for the military domain. For an army's general staff, it was a matter of establishing a strategy to deal with the enemy.

In the twentieth century, it came into use in the business world to designate the actions of companies in their markets in the face of competition.

Andrews' definition , a researcher at Harvard Business School, has become a benchmark. It can be summarized as follows.

Strategy is the set of decisions taken by a company to define :

  • its aims, goals and objectives ;...

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