Compare and contrast rational (formal) model of strategy and emergent strategy.
Every business needs to make plans in order to achieve the organizational goals. This planning process involves formulating different strategies. In this way strategic management enables a business to use suitable strategy or a combination of them which results in realization of goals.
Answer and Explanation:
Formal strategy is completely based on the goals and targets set by the organization at the very initial stage of making business plans. It is...
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fromChapter 16 / Lesson 14
Learn about the strategic planning process in business, what it is and what it is not. Discover examples of goals, strategies, and tactics in a strategic plan.