Strategy

📺 Watch this episode on YouTube.

Dima and Slave talk about what strategy is and what strategy isn’t.

• From Wikipedia: Strategy is a general plan to achieve one or more long-term or overall goals under conditions of uncertainty.
• Dima’s characteristics of a strategy
1. Multi-step plan, a “pattern of decisions”
2. Built on a particular world view
3. Aims at global (long-term) maximum
4. Does not rely on competitors making favourable choices
5. Requires agency and ability to execute
• Different flavours of strategy: business strategy, product strategy, etc
• Not every entity needs a strategy

Vision without execution is a daydream. Execution without vision is a nightmare.