What type of strategy focuses on overarching goals and approaches to achieve them?

Grand strategies are comprehensive, long-term plans that outline an organization's overarching goals and the approaches necessary to achieve them. These strategies provide a framework that guides all subsequent actions and decisions within the organization, ensuring that they align with the organization’s vision and mission. By focusing on broad objectives, grand strategies enable organizations to navigate complex environments and allocate resources effectively in pursuit of their long-term ambitions.

In contrast, short-term objectives pertain to immediate goals that are usually specific and often temporary. They are not as broad as grand strategies and do not encompass the overall direction of the organization. Functional tactics relate to the specific methods and actions used by different departments to execute parts of the strategy; they support the grand strategy but do not encompass the overarching goals themselves. Policies are guidelines governing conduct and decision-making within the organization but are not strategies per se that outline larger goals and approaches. Thus, grand strategies stand out as the type that encapsulates the broader vision and framework for achieving long-term success.