A Critical Application of Strategy Dichotomies
Introduction
The paper evaluates 3 strategy dichotomies contained in strategic thinking, strategy formation, and strategy renewal perspectives. Strategic management is termed as the process that involves awareness of success of an institution in regard to its strategic threats and opportunities. In a rapidly changing environment, new technologies must be sought, formulated and implemented appropriately if an organization is to remain relevant. It is worth noting, though, that not all strategies need to be planned: some strategies emerge from formal planning process or as new ideas are implemented.
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