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Strategic planning in general

In: Developing International Strategies

Author

Listed:
  • Rudolf Grünig

    (University of Fribourg)

  • Dirk Morschett

    (University of Fribourg)

Abstract

As Figure 3.1 reveals, the term strategy can refer either to intended strategies or to realized strategies. Given that strategic plans are very rarely realized completely, intended strategies and realized strategies normally diverge to a greater or lesser extent. Accordingly, in the figure below, Case 2 is more probable than Case 1. Of course, it is also possible that a company has no intended strategy, and this is Case 3. Here, the realized strategy is the product of individual decisions and can be characterized as an emerged strategy (Grünig/Kühn, 2011, p. 7; Mintzberg, 1994, pp. 23 ff.).

Suggested Citation

  • Rudolf Grünig & Dirk Morschett, 2012. "Strategic planning in general," Springer Books, in: Developing International Strategies, chapter 3, pages 47-63, Springer.
  • Handle: RePEc:spr:sprchp:978-3-642-24725-5_4
    DOI: 10.1007/978-3-642-24725-5_4
    as

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