Strategy development processes and Strategic decision making in high-velocity environments


Term Paper, 2015

10 Pages, Grade: 1,6

Anonymous


Abstract or Introduction

Deliberate strategy, formal planning and the intention to create a detailed strategic plan (e.g. Porter) vs. an emergent strategy, which focuses on reacting to prevalent market changes (e.g. Mintzberg).

Strategy itself is an ambiguous concept with a multitude of questions to be considered, for instance, whether the process of strategic thinking should be predefined or rather an intuitive act. If Google, one of the most successful companies in the world, is taken as an example, it does not become any clearer what approach is recommended to follow, as the company decides to shut down products that seem popular, in order to invest in alternative projects. Have globalisation and economic deregulation created an environment too complex to be captured in a strategic framework?

This essay will first analyse strategy development processes with a focus on deliberate and emergent approaches, and secondly continue with a critical discussion about the applicability of these techniques in a high-velocity environment.

Finally this essay will provide managerial implications for an effective approach to strategy development. Taking Google as an example illustrates how a company achieves to integrate essential features from both, the deliberate and the emergent strategy, which bears strong resemblance to the most deliberate approach among those classified as emergent - logical incrementalism.

Details

Title
Strategy development processes and Strategic decision making in high-velocity environments
College
Edinburgh Napier University
Grade
1,6
Year
2015
Pages
10
Catalog Number
V358844
ISBN (eBook)
9783668435742
ISBN (Book)
9783668435759
File size
497 KB
Language
English
Keywords
Mintzberg, Porter, Strategy, Decision making
Quote paper
Anonymous, 2015, Strategy development processes and Strategic decision making in high-velocity environments, Munich, GRIN Verlag, https://www.grin.com/document/358844

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