Strategy is synonymous with policies

Strategy and policies are related concepts in the field of strategic management, but they are not synonymous. While they both play a crucial role in guiding an organization's actions and decisions, they serve distinct purposes and have different characteristics.

1. Purpose:
   - Strategy: Strategy refers to a high-level plan or a set of coordinated actions designed to achieve long-term goals and objectives. It involves making choices about where to compete, how to compete, and the allocation of resources to achieve a competitive advantage.
   - Policies: Policies are a set of guidelines, ______ ___ _______ ___ _____ __________ ___ ______ ________ ___.
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