In plain English
A strategy is a small number of decisions: which market, which segment, what position, what offer. It should fit on a page and be recallable without opening the document.
The test is whether it excludes anything. A strategy that serves everyone, competes on everything and declines nothing is a description of ambition, not a strategy.
What to know
Why it matters
Strategy is where marketing either becomes coherent or stays a series of disconnected efforts. Once the choices are made, most tactical questions answer themselves, which is the practical benefit of having one.
Common mistakes
FAQs
How is strategy different from a plan?
Strategy is the choices. The plan is the activity that follows from them.
How long should it be?
One page. If the team cannot recall it, it will not guide anything.
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