A strategy is a plan of action designed to achieve a vision. It derives from the Greek "στρατηγία" (strategia), "office of general, command, generalship".
Refers to business definition of the long term goals aka Strategic Planning. This plan normally defines goals for medium term such as 3-5 years and long term such as 7+, which allows the organization more appropriately plan resources and estimate costs for achievement of those goals. Wikepedia defines Strategic Planning as:
Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. In order to determine the direction of the organization, it is necessary to understand its current position and the possible avenues through which it can pursue a particular course of action. Generally, strategic planning deals with at least one of three key questions1: "What do we do?" "For whom do we do it?" "How do we excel?" In many organizations, this is viewed as a process for determining where an organization is going over the next year or—more typically—3 to 5 years (long term), although some extend their vision to 20 years.
Example questions in this section include: