How feasible is the implementation of Emergent Strategy in real-world business scenarios?

The book 'How Will You Measure Your Life' presents innovative ideas regarding strategy formation, particularly the concepts of Deliberate Strategy and Emergent Strategy. Deliberate Strategy is when organizations make plans based on anticipated opportunities. On the other hand, Emergent Strategy arises from day-to-day decisions to pursue unanticipated opportunities or resolve unexpected challenges. If the company decides to pursue the Emergent Strategy, it becomes the new Deliberate Strategy.

The broader implications of using Emergent Strategy in day-to-day decision making include increased flexibility and adaptability. This approach allows organizations to respond to unanticipated opportunities or unexpected challenges effectively. It encourages innovation and creativity as it is not bound by a rigid plan. However, it also requires a high level of vigilance to identify emerging patterns and trends. Over time, the Emergent Strategy may become the new Deliberate Strategy, reflecting the organization's ability to learn and adapt.