A captive to my sword and to my lance, noble Captain,'' replied the Clerk of Copmanhurst; ``to my bow and to my halberd, I should rather say; and yet I have redeemed him by my divinity from a worse captivity.
An organizational strategy is the sum of the actions a company intends to take to achieve long-term goals. Together, these actions make up a companyâs strategic plan. Strategic plans take at least a year to complete, requiring involvement from all company levels. Top management creates the larger organizational strategy, while middle and lower management adopt goals and plans to fulfill the overall strategy step by step.
Management by Objectives often leads to well defined hierarchies at the workplace and helps to create transparency at all levels. In certain organizations, depending on its corporate culture, MBO can lead to short-termism with targets becoming more focused on quantity rather than quality.