Question
In a game, strategy refers to a player's plan for winning. In military terms, strategy means outmaneuvering the enemy. In the world of business, strategy
In a game, strategy refers to a player's plan for winning. In military terms, strategy means outmaneuvering the enemy. In the world of business, "strategy" is used to maintain successes and achieve growth. You've read a number of articles this week that highlight various concepts related to the development of sustainable business strategies. Some of these articles directly challenge traditional conceptions of competitive strategy analysis, while others augment and extend the traditional "strategic fit" model. Review the Learning Outcomes for this week, and based on those objectives and your analysis of the readings, respond to either "a" or "b" below, making direct references to several of the week's required or optional readings: a. Compare and contrast conventional strategic planning concepts with those of strategic intent and skill-based strategic thinking. Explain how the differences in these concepts can lead to better business strategy practice. b. Explain the relationships between business models, business strategies, and strategic intent and skill-based strategic thinking. Include an explanation of how these concepts can help avoid myopic business strategy development.
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