Content Writing Discussion/Personal Journal entry

Complete this Viewpoints on Strategy To complete the activity, post your thoughts on the viewpoints expressed in the following statements to the online Discussions area for this topic or record them in your personal journal. The optional readings above may be useful in completing this activity. Illustrate your views with examples drawn from the optional readings or from experience. Strategic planning is like a crapshoot; you lose more times than you win. Corporate executives should ignore their gut feeling when formulating strategy. Strategic planning is most likely to succeed where there is a single business focus and fail when the company has multiple business activities. Luck is always a factor in a successful strategy. Intended strategy always will produce better results than an emergent strategy. Strategic planning is prone to cognitive biases and groupthink. Illusion of control is inherent in strategic planning. Mintzberg’s musing about the value of emergent strategy is all wrong. Even companies that have successfully used strategic planning will ultimately fail. Strategic planning overstates the importance of competitive advantage.