Strategy as Instrument and Result of Strategizing

Abstract

The process of strategic management of socio-economic development in Ukraine today requires substantial modernization, using modern technologies and instruments. A study on experience of strategizing in some countries confirms that the national strategy for socio-economic development in the long term is the main instrument for implementing the country’s priorities and goals in terms of development. Long-term national development strategies, despite the differences between the countries of their origin, have very much in common in structure and basic components. All socio-economic development strategies analyzed determine the choice, consistency and interrelatedness of public measures in the sphere of socio-economic development in the context of resource constraints. The basis for this is a thorough analysis of the results achieved and the existing challenges, a clear understanding of the country’s development goals and objectives in the long term perspective. The publication defines the stages and conditions of formation, as well as the structure of an effective national strategy.

Keywords

• strategizing
• strategy
• socio-economic development
• national strategy of socio-economic development