The determination of the basic long term-goals and objectives of an enterprise and the adoption of the courses of action and the allocation of resources necessary for carrying out these goals
The pattern of objectives, purpose, goals, and the major policies and plans for achieving these goals stated in such a way so as to define what business the company is in or is to be and the kind of company it is or is to be
The common thread among the organisation's activites and product-markets that defines the essential nature of business that the organisation was or planned to be in future
Igor Ansoff (1965): 'Ansoff, explained corporate strategy as: "The common thread among the organisation's activites and product-markets… that defines the essential nature of business that the organisation was or planned to be in future."'
William F Glueck (1972): 'Glueck discussed strategy as "a unified, comprehensive and integrated plan designed to assure that the basic objectives of the enterprise are achieved."'
Igor Ansoff (1984): 'Ansoff, while contributing to the field of strategic management in 1984, again explained corporate strategy as: "a set of decision-making rules for the guidance of organisational behaviour."'
Michael E Porter (1996): 'The contributions of Porter in the conceptualisation of strategy are valuable. He is known for his ideas on competitive advantage, five forces model, generic strategies and value chain.'