Problems with strategy and why strategies fail Flashcards
1
Q
Planned vs emergent strategy?
A
The planned strategy is the strategy the managers intend to implement
The emergent strategy is the strategy that actually develops over time
2
Q
What is strategic drift?
A
Strategic drift occurs when the strategy of the business no longer matches with the environment in which it operates
3
Q
What is the divorce between ownership and control?
A
The divorce between ownership and control occurs when the owners of a business do not control the day-to-day decisions being made
4
Q
What is corporate governance?
A
Corporate governance refers to the systems and processes that are in place to monitor and control how a business is run
5
Q
What is contingency planning?
A
Contingency planning occurs when a business plans for possible but unlikely events
