Question

Why it is useful to view strategy as an emergent proces?.

Answer 1

Strategy refers to the plan of action that are made for the organization to meet the overall goal. Strategy is very important part of business world because it focus on using the limited resources available. Strategy can be designed by innovative thinking which can be beneficial for the long run. Business strategy defines the path that needs to be taken by the organization for meeting the business goals.

It is useful to view strategy as an emergent process because: -

• Strategy provides focus and direction to business to meet the desired goals.
• Developing the business strategy is important because it helps in driving performance within the team and the organization.
• Business strategy provides clear picture of present business situation and what needs to be changed or implemented to achieve the futuristic goals.
• Business will agree to the long term vision and goal after developing a business strategy.
• Strategy helps in identifying the key steps and how different organizational functions need to coordinate in order to achieve the goals.
• Strategy provides new opportunities to business as it contributes toward creating innovative ideas.
• Strategy helps in achieving better business results by focusing on improving the business performance.