7 Concepts of Strategic Management
An interesting Management Case Study
Illustration from Mahabharata
(2) Strategy
It is the direction and scope of an organization and helps it to compete with competitors.
Kaurav - Their Chief Mentor or Strategist Shakuni relied on unfair trade practices. Such things may work in short-term but a complete failure in long-term. A good strategist is one who knows the weakness of competitors and exploits them. He should help the Co. to recover from any situation. Shakuni was wicked and believed in short-term profits. He was biased and use to think about the welfare of CEO i.e. Duryodhana only and not of Kaurav Ltd. as a whole.
Pandav - They have got the best strategist in the form of Krishna which the world has ever seen. He believed in forming strong allies and was responsible for the merger of Pandava Ltd. with Dwarka (Remember Arjuna's marriage with Subhadra when Duryodhana wanted to marry her) , Rakshas (marriage of Bheem with hidimba) ,Panchala (marriage of Arjun with Draupadi), Matsya (marriage of Abhimanyu and Uttara) etc.. He asked Yudhisthira to go to Bhishma on 1st day of war to know their weakness. He was responsible for forming the strategy of the death of Dronacharya, Karna and even Duryodhana.
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