Abstract
This article outlines an interactive strategy-making model that combines central reasoning with ongoing learning from decentralised responses. The management literature often presents strategy as implementing an optimal plan identified through rational analysis and ascribes potential shortcomings to failed communication and execution of the planned actions. However, effective strategy-making comprises both central reasoning from forward-looking planning considerations and decentralised responses to emerging events as interacting elements in a dynamic adaptive system. The interaction between these central and decentralised processes explains how strategic adaptation can thrive under turbulent conditions in the interface between central reasoning and decentralised responses.
Original language | English |
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Journal | Journal of General Management |
Volume | 40 |
Issue number | 4 |
Pages (from-to) | 69-88 |
Number of pages | 20 |
ISSN | 0306-3070 |
DOIs | |
Publication status | Published - Jun 2015 |