A literature review on the development of strategy Custom Essay

A classical definition of strategy as a planned’ process is as follows:

… the determination of the basic long-term goals and objectives of an enterprise, and the adoption of courses

of action and the allocation of resources necessary for those goals. (Chandler, 1962, p. 13)

With reference to academic literature on the development of the field of strategy, critically evaluate the extent

to which this definition remains appropriate today.

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