Exam 1: The Concept of Strategy

The reason that a firm's realized strategy diverges from its intended strategy is because strategy making is,to a great extent,an emergent process.

According to Henry Mintzberg,firm strategy should be formulated by top management through rational deliberation utilizing all available data.

If a firm can devise a brilliant strategy,it will be successful irrespective of how effectively it is implemented.

Military strategy and business strategy differ in that:

In the large,complex firm,two main levels of strategy can be distinguished: corporate strategy and business (or competitive)strategy.