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Discovering a Strategy

Based on the attached article, brainstorm on the following:

What are the most often used two ways to discover a strategy?
Based on the research what do the authors, recommend as a way to discover a strategy?
According to the authors what are the most significant differences between a new industry or market and one that is older or well established?

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Based on the attached article, brainstorm on the following:

What are the most often used two ways to discover a strategy?
1. Analysis, deliberation and planning - There is a need for managers to study the competitive forces affecting the organization, investigate and formulate alternatives that would be helpful for the organization to confront and overcome those forces, then implement the options.
2. Emergent approach - In the new era, there is a need to try things out, study what has happened in the past and learn from the experiences, adjust to the new trend, and eventually be able to decide and design a strategy to use.

Based on the research what do the authors, recommend as a way to discover a ...

Solution Summary

Article analysis on two ways in discovering a strategy, and the differences between a new industry and an established one. References are included.

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