Most of the previous indices of democracy have a minimalist conceptual basis which is useful to distinguish democratic from non-democratic regimes. However, 'democracy' is a complex phenomenon and a minimalist measurement cannot do justice to it. The Democracy Barometer is therefore based on a middle range concept of democracy, embracing liberal as well as participatory ideas of democracy, which illuminate the phenomenon from different perspectives).
A Definition of Business Strategy. The definition of business strategy is a long term plan of action designed to achieve a particular goal or set of goals or objectives. Strategy is management's game plan for strengthening the performance of the enterprise. It states how business should be conduct to achieve the desired goals.
So, what is a business strategy? Strategy is different from vision, mission, goals, priorities, and plans. It is the result of choices executives make, on where to play and how to win, to maximize long-term value. âWhere to playâ specifies the target market in terms of the customers and the needs to be served.