Over the years accounting fraternity is on the look for a way out to the ongoing debate of whether to recognize the human resource as a financial asset. The fundamental conflict is the human nature of the resource as only non-human assets are disclosed in a balance sheet. However recognition of intangibles like goodwill always triggers the need of disclosure of HR as a corporate asset.
Strategy, in simple terms refers to the plan one has to achieve his/her objective, its about how we would get "there", its futuristic and with the aim of attaining defined goals in the future. In other words, Strategy is the approach selected to achieve defined goals in the future.
