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Moreover, there is still vigorous debate, not only about how organisations should make their strategies but also about how they actually do make them. As a result of this, there is rarely a single correct answer to business strategy problems. co m This means that your exam is not only about things you can learn by heart, such as models and procedures, but it is also about selecting and applying ideas and theories to scenarios in order to reach sensible conclusions and make reasonable suggestions.
Com Strategy as experience I've been to that area before, so I know it quite well and I like it there. co m Let's try something different. We've never been to xxx before, and it looks a very interesting place. com Chapter Roundup Strategy is the direction and scope of an organisation over the long term, which achieves advantage in a changing environment through its configuration of resources and competences with the aim of fulfilling stakeholder expectations. Strategic decisions are made under conditions of complexity and uncertainty; they have wide impact on the organisation and often lead to major change.
Com In the 1960s and extending into the 1970s, the highly rational corporate planning approach was popular. This incorporated operational research ideas and highly systematised analysis of the influences on the organisation's operations. At the same time, writers such as Simon and Lindblom were challenging rational decision models as unrealistic because of the impossibility of carrying out the full analysis of relevant factors that such models demanded. However, the planning model was popular and corporate planning departments were common in large organisations.
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