Strategy and Business Flashcards
1
Q
What is strategy?
A
The direction and scope of an organisation over the long term to meet the needs of stakeholders
2
Q
What is the rational approach for strategic planning?
A
A formal and systematic process of identifying goals and then selecting strategies to achieve them
3
Q
What is the rational approach for strategic planning?
A
A formal and systematic process of identifying goals and then selecting strategies to achieve them
4
Q
What a emergent strategies?
A
Behaviours adopted which have a strategic impact. These strategies emerge over time in response to the environment
