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Note
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Reference no. 9-721-431
New product
Published by:
Harvard Business Publishing (2021)
Version:
15 March 2021
Revision date:
15-Apr-2021
Length:
11 pages
Data source:
Published sources

Abstract

This note gives managers a concrete perspective on what 'a strategy' really is and what makes a decision 'strategic'. It also gives them practical frameworks to assess whether some set of decisions is really a strategy and how to assess a strategy's effectiveness. It finally also gives managers a starting point for developing strategy in the form of the '4 3 Elements'. The note builds on the theory of 'strategy as core guidance'. (This is an in-depth rewrite of 'Strategy and Strategic Decisions'.)

Topics

Decision making; Strategic planning; Strategy

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