Discuss the differences between the Planning and Emergent Schools of Strategy. Discuss the importance of emergent strategy in fast-changing environments.

A

The strategic planning process often goes through several stages that aim to facilitate the achievement of an organization’s objectives. The typical planning process often includes the analysis of the external and internal environments, definition of the business and the mission, setting the goals, formulation of strategies, and developing procedures for monitoring and controlling. On the other hand, an emergent strategy describes a pattern of action that forms over time in an organization that lacks a defined mission and goals or despite an organization’s missions and goals. Emergent strategies are effective in fast-changing environments as they are based on what works for an organization. By learning to do what works in actual practice, organizations can maintain a purposeful direction even after deviating from their original strategies.

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Academic.Tips. 2020. "Discuss the differences between the Planning and Emergent Schools of Strategy. Discuss the importance of emergent strategy in fast-changing environments." May 15, 2020. https://academic.tips/question/discuss-the-differences-between-the-planning-and-emergent-schools-of-strategy/.

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Academic.Tips. "Discuss the differences between the Planning and Emergent Schools of Strategy. Discuss the importance of emergent strategy in fast-changing environments." May 15, 2020. https://academic.tips/question/discuss-the-differences-between-the-planning-and-emergent-schools-of-strategy/.

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"Discuss the differences between the Planning and Emergent Schools of Strategy. Discuss the importance of emergent strategy in fast-changing environments." Academic.Tips, 15 May 2020, academic.tips/question/discuss-the-differences-between-the-planning-and-emergent-schools-of-strategy/.

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