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The implementation of Emergent Strategy in real-world business scenarios is highly feasible. Emergent Strategy is a concept that allows businesses to adapt and respond to unexpected changes and opportunities. It's a strategy that emerges over time as initial plans meet the reality of execution. This strategy is particularly useful in rapidly changing environments where businesses need to be flexible and responsive. However, it requires a high level of adaptability and a willingness to deviate from the original plan.
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Professor Henry Minzberg's work shows that strategy emerges from two different sources. When organizations make plans based on anticipated opportunities, they are pursuing a Deliberate Strategy. But often, an Emergent Strategy emerges from myriad day-to-day decisions to pursue unanticipated opportunities or resolve unexpected challenges. If the company makes a clear decision to pursue the Emergent Strategy, it becomes the new Deliberate Strategy.
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Management theories not only can be applied to our careers, but also personal lives. Think of them as a resource allocation problem. You have limited...
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