Some alternative approaches to strategic planning include scenario planning, real-time strategic planning, and emergent strategy. Scenario planning involves creating a variety of detailed narratives about possible future conditions to help guide decision-making. Real-time strategic planning involves continuously monitoring changes in the environment and adjusting strategies accordingly. Emergent strategy involves allowing strategy to develop organically in response to an evolving situation, rather than sticking to a rigid plan.
Follow up to the first part of our Business Strategies and Frameworks compilation, part 2 offers you...
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