Are strategies static or dynamic? What are the forces that lead to this result?

Strategies

Refers to comprehensive plans or sets of actions designed to achieve specific goals or objectives.

Static

Relating to or characterized by a fixed or stationary condition, lacking movement, development, or change.

Dynamic

Dynamic refers to systems or processes characterized by constant change, activity, or progress, often requiring flexible and adaptive responses.

Understand the dynamic nature of strategies and the forces that influence strategic shifts.

Verified Answer

Final Answer :

Strategies should be dynamic because of changes within the organization and changes in the environment.

Learning Objectives

Understand the dynamic nature of strategies and the forces that influence strategic shifts.