Two Schools of Thought Consider the Strategic Process Differently

question 72

Multiple Choice

Two schools of thought consider the strategic process differently:

• A)The Design school sees strategy as a rational process while the Emergent school views strategy as the outcome of interaction between strategy formulation and implementation
• B)The Learning school sees strategy as a learning process while the Structural school focuses on the strategy-structure relationship
• C)The Psychological school emphasizes the founder's subconscious limitations and assumptions, while the Sociological school studies the strategy formulation process as team dynamics
• D)The Design school that sees strategy as a rational and analytical process and the Implementation school which looks at the actual behavior exhibited by an organization

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Definitions:

Earn A Profit

The process of making financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.

Charging Interest

The act of lending money or capital with the expectation of receiving payment back plus additional money, known as interest, which serves as the cost of borrowing.

Corporate Profits

Corporate profits denote the earnings of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Proprietors' Profits

The earnings retained by the owners after all expenses have been deducted from the gross income of an unincorporated business.