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Astrategist is a person with responsibility for the formulation[1]and implementation of astrategy.[citation needed]Strategy generally involves setting goals, determining actions to achieve the goals,[2]and mobilizing resources to execute the actions.[citation needed] A strategy describes how the ends (goals) will be achieved using the means (resources). Organizations generally task senior leaders with determining strategy. Strategy can be intended or can emerge as a pattern of activity as the organization adapts to its environment or competes. It involves activities such asstrategic planning andstrategic thinking.[3]
The strategy role exists in a variety of organizations and fields of study.
In large corporations, strategic planners or corporate financial planning and analysis (FP&A) personnel are involved in the formulation and implementation of the organization's strategy. The strategy is typically set by business leaders such as thechief executive officer and key business or functional leaders and is reviewed by theboard of directors.[3]
AnAI strategist uses evidence and reason to make circumstance-dependent decisions that shape the development of AI towards a set of desired outcomes. The scope of AI development can range from within small organizations to global landscape.
Adesign strategist has the ability to combine theinnovative,perceptive andholistic insights of adesigner with thepragmatic andsystemic skills of aplanner to guidestrategic direction in context of business needs,brand intent,design quality and customervalues.[4][5][6][7][8]
Aneconomic strategist is a person who can create a sustainable commercial advantage by applyinginnovative andquantitative ideas and systems at asell side financial institution.
Apolitical strategist is a multi-discipline strategist who works within political campaigns. Also known aspolitical consulting, the political strategist will advise a campaign on a range of activities such asmedia, resourcing,opposition research,opinion polling and engagement strategy.
Asport strategist is a professional that performs scouting and analysis of the players involved in an upcoming competitive match. Sports strategists typically analyze film footage, organize video libraries, and recommend attacks and defensive strategies in order to capitalize on an opponent's weaknesses.
Working closely with investment managers, aprincipal investment strategist contributes revenue by providing principal investmentanalytics and alternative product structuring.
Asales strategist developsinnovative trade ideas and assists in themarketing of those trades tobuy side clients.
Abanking strategist partners with investment bankers and capital market experts oncorporate finance and capital structure analyses to identify and execute banking transactions.
Atrading strategist contributesrevenue to the business in which his team is embedded by developing and deliveringinnovative trade ideas, models andanalytic systems to the trading desk.
Within thefinancial services industry, strategists are known as“strats”.
Amilitary strategist develops strategies in the field ofwarfare with the objective of outmaneuvering their opponent.
AnIT Strategist develops an IT strategy that is aligned with the businessstrategy to implement systems to give business processesefficiency andproductivity gains and therefore a possiblecompetitive advantage.
Strategists are known to have an INTJ personality trait[citation needed], based on the Myers-Briggs Type Indicator (MBTI). TheMBTI was derived from PsychiatristCarl Jung theory of psychological types enabling us to have a better understanding of people's personality traits and what their strengths are as a person, although the research shows MBTI to be an unreliable measure of categorising personality types.[9] It is commonly found[weasel words] that strategists are more prone to possess a combination of 4 specific personality traits, which includes Introversion, Intuition, Thinking and Judgment (forming the acronym INTJ). However, this combination of personality traits is known to be very rare among people[citation needed], making strategists to be very sought after especially by major[clarification needed] firms.[10] Dr. Vladimir Kvint defined strategist as a wise, disciplined, and optimistic professional with a strategic mindset, a vision of the future, and intuition.[11] It is possible at times to find that the vision or ideas of a strategist may not be align with conventional ideas which can make it difficult for others to accept or envision.[12]
People who possess a strategist mindset are generally capable of doing well in any possible field due to the various traits that they own[citation needed]. Strategists tend to follow a career path that challenges them mentally in terms of development, and seek to work with people who are in the same caliber in terms of intelligence and competency[citation needed]. As it is highly likely that people with a strategist mindset tend to be more single-minded and may not be appreciative of others' effort[weasel words], it is crucial for them to work in a suitable working environment.
Common careers that strategists tend to choose are:
Strategists can have a variety of backgrounds such journalism, speech writing, data analyzing, or telemarketing. People with a background of public relations or advertising can be hired as strategists because of their experience in market research and message delivery.[14]
The defining of the competitive arena in which an organization competes is essential [...]. [...] The role of the strategist is to help with this definition, but also to consistently and persistently communicate the industry parameters and any changes to these.
There is no agreed-upon definition ofstrategy that describes the field and limits its boundaries. One common contemporary definition describes it as being about maintaining a balance between ends, ways, and means; about identifying objectives; and about the resources and methods available for meeting such objectives.