This expression means that where something is located provides strategic advantages for the purpose that thing is intended to serve. Examples: A major concern for most retail stores is good footfall. A strategic location for a florist might be a busy downtown street corner.
3 adj When you place something strategically, you wisely place it in a position where it will be most useful or have the greatest impact.
(strətiːdʒɪk ) 1st adjective [usually ADJECTIVE noun] Strategic means relating to the most important, general aspects of something like a military operation or political policy, especially when decided in advance.
Central location in the southern part of the Asian continent: India is centrally located between East and West Asia. India is strategically located in the middle of the Trans-Indian Ocean Routes, which connect the countries of Western Europe and the countries of East Asia.
A good location strategy allows you to find the optimal location that aligns with your company’s needs and goals, one that allows your company to maximize opportunity while minimizing cost and risk to minimize.
Put simply, business strategy is a clear set of plans, actions, and goals that outline how a company will compete in a specific market or markets with a product or set of products or services .
A tactic refers to the specific actions taken to achieve the set goals in line with the strategy. For example, Company A’s strategy might be to become the cheapest player in the smartphone market. Their managers then have to negotiate with suppliers to reduce the cost of the electronic components used in production.
Strategic is an adjective – type of word.
Strategic means referring to the most important, general aspects of something like a military operation or political policy, especially when decided in advance.
India is strategically located at the center of the Trans-Indian Ocean Routes, which connect the countries of Western Europe and the countries of East Asia. From the West Coast, India could establish close ties with West Asia, Africa and Europe.
India lies on the Indian Plate, which is part of the northern Indo-Australian Plate. Referring to “India’s size and location,” the country is located north of the equator between 8°4’N to 37°6’N latitude and 68°7’E to 97°25’E longitude.
Analyzing your territory, reading potential customer demographics, and considering competitor locations are all important aspects of finding and choosing the right location. It’s also important to consider your needs as a business owner before deciding on a location.
Location plays a big part in attracting and retaining the best talent, many of whom closely monitor their location to optimize work-life balance. Good location decisions can significantly increase a company’s long-term performance. Poor people can cost millions in lost talent, productivity and capital.