Portfolio Strategic Management
by Steve Butler, Te Wu, and Panos Chatzipanos
Tactics is the art of using troops in battle; strategy is the art of using battles to win the war.
—Carl von Clausewitz
3.1. Strategy and Strategy Alignment
Organizational strategy is created by considering and asserting how an organization's primary goals will be pursued and attained. The portfolio management process encompasses a managerial framework for such top-level considerations. Strategic challenges need cohesive responses and coherent actions, and organizational goals need to cascade through strategic planning ending up as portfolios of change initiatives—mainly ...