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In a game, strategy refers to a player’s plan for winning. Inmilitary terms, strategy means outmaneuvering the enemy. In theworld of business, “strategy” is used to maintain successes andachieve growth.
You’ve read a number of articles this week that highlight variousconcepts related to the development of sustainable businessstrategies. Some of these articles directly challenge traditionalconceptions of competitive strategy analysis, while others augmentand extend the traditional “strategic fit” model.
Review the Learning Outcomes for this week, and based on thoseobjectives and your analysis of the readings, respond to either “a”or “b” below, making direct references to several of the week’srequired or optional readings:
a. Compare and contrast conventional strategic planning conceptswith those of strategic intent and skill-based strategic thinking.Explain how the differences in these concepts can lead to betterbusiness strategy practice.
b. Explain the relationships between business models, businessstrategies, and strategic intent and skill-based strategicthinking. Include an explanation of how these concepts can helpavoid myopic business strategy development.
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