Emergent versus intended strategies
6 important questions on Emergent versus intended strategies
How do firms typically choose and implement their strategies?
- Following the strategic management process.
- Making choices based on their goals.
- Implementing strategies as planned.
- Aligning activities towards defined objectives.
What are emergent strategies and how are they illustrated in the strategic planning process?
- Emergent Strategies: Gain competitive advantage as they develop over time.
- Deliberate Strategy: Moves from intended to realized.
- Realized Strategy: Combination of deliberate and emergent strategies.
- Nonrealized Strategies: Parts of intended strategy not implemented.
What is an intended strategy?
- Definition: Intended strategy
- Context: Represents foresight of strategic plans
- Nastreven: Term synonymous with intended strategy
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What is a deliberate strategy?
- Definition: Deliberate strategy
- Action: Enacted by the firm
- Purpose: Converts plans into operational strategies
What is an unrealized strategy?
- Definition: Unrealized strategy
- State: Planned but not implemented
- Example: Fails to materialize in operations
What is crucial for a firm's competitive advantage in responding to industry trends?
- Quick strategy adjustments
- Responding to industry changes
- Maintaining competitiveness
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