Describe Liddell Hart's "Strategy as Action" Concept

question 41

Essay

Describe Liddell Hart's "strategy as action" concept. Explain Mintzberg's theory about strategy and how it is similar to Hart's.

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Definitions:

Yield Income

Income generated from investments that pay out returns, such as dividends from stocks or interest from bonds.

Investment Project

An initiative to allocate resources with the expectation of achieving future returns.

Present Discounted Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return, used in discounting to calculate the present value of future earnings or obligations.

Future Income

Expected earnings or revenue that an individual or business anticipates receiving in the future.