Strategy is undertaken by all segments of society, covering politics and economics as well. The process involves determining which area would receive the most focus for the achievement of goals and objectives. It is all about being successful, whether it is one milestone or several milestones on the path of growth and development.

For a strategy to be meaningful and successful, it is significant to have in place some form of metrics to measure performance against the strategy. This exercise must be carried out on a periodic and pre-arranged basis.

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The factors upon which strategy must be created ought to be devoid of personal attachment to the issues of the market. Where this purpose collides, a dispassionate and detached response is the need. I recall there was a foreign exchange currency dealer in the Treasury division of a Japanese financial institution who was truly a man driven by his passion that his country’s currency could never be weak against other currencies. So, when the yen was taking a beating in the exchange markets globally, he went against the market and took ‘positions’—full of impending peril.

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Just as we all either make or contribute towards the development of an institution’s strategy, similarly there is an imperative need to have in place a ‘strategy’ for personal growth and development.

Careers are built by individuals themselves. They are rarely given on a platter. The exceptions are politicians, who are handed........

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