This document discusses strategy development and components. It defines strategy as a plan to achieve goals and solve problems. The key components of strategy are:
1. Vision - An aspirational description of what an organization wants to achieve.
2. Mission - Describes the organization's purpose and activities.
3. Goals and objectives - Desired outcomes and specific activities to achieve the mission. Goals and objectives should be SMART.
4. Implementation plan - Includes tasks, accountability, and putting the strategy into action. Developing an effective strategy requires understanding needs, formulating plans, and providing motivation.