Forget strategy. Like it or not, safety is the most important consideration when building a golf course.
There are no hard-and-fast industry standards, but there certainly are a number of guidelines or "unwritten standards" that most architects seem to gravitate towards.
The 15 degree rule mentionned earlier is a good one. We also use separation distances. 60 metres from centre-line to property line or tee at the landing area. 50 metres from centre of green to property line or adjoining tee. 80 metres between centre-lines themselves.
Unlike what Jeff said (although I might have misunderstood), we like to offset our holes (and thus our landing areas) rather than lining them up, especially when land is tight. To illustrate, if the tee area is the base of a "V", the best way to tightly place another tee (another "V") would be in the opposite direction, like so: V^ , with landing areas opposite tees.
Other important factors influencing safety are trees, which increase safety. Others are elevation changes (down=more dangerous, up=safer), wind direction, and slice-side vs hook-side.
The actual design of the hole also has a dramatic influence on safety. If you're gonna have a lake (or any other hazard) on once side of a golf hole, you'd better make sure you've got a bunch of room on the opposite side where golfers will bail out (on purpose or out of subconscious fear). Conversely, if you want to keep golfers away from homes, stick a lake between them ($$$ adds value to the lots as well $$$).
Mounds are dangerous. You can't see beyond them, and they sure won't stop a power slice.
Just some toughts, anyway...