First in the series of 'Management Speak' discussions with Mr. Mahesh Enjeti, a Management Specialist from Sydney, Australia. At first an excerpt from the book “Strategy bites back” by Henry Mintzberg, Bruce Ahlstrand and Joseph Lampel is narrated. This session then follows with a detailed explanation of STRATEGY, which can be described as a 'Decision on HOW by questioning WHAT'. Businesses, especially, shall benefit if they can visualize end results and create/evolve strategies to cover the risks in this ever changing world. Reference: “Strategy bites back” by Henry Mintzberg, Bruce Ahlstrand and Joseph Lampel from Prentice Hall-Financial Times published in 2005. Participants: Mahesh Enjeti & Iqtedar Abdi. Editor, Director & Producer: Iqtedar Abdi.