In Summary, Strategy Has Evolved from "Strategy as a Detailed

question 50

True/False

In summary, strategy has evolved from "strategy as a detailed plan" to become "strategy as direction" in the early 21st century.

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Definitions:

Preconceptions

Pre-existing ideas or biases formed before having evidence or detailed knowledge, often influencing perception and decision-making.

Intuition

Intuition involves understanding or knowing something instinctively, without the need for conscious reasoning.

Algorithms

A set of rules or procedures to be followed in calculations or problem-solving operations, often used by computers.

Overconfidence

A cognitive bias that causes someone to overestimate their abilities, performance, the level of control they have, or their level of knowledge.