Final answer:
Emergent strategies are not developed by middle management and implemented gradually. Instead, they evolve over time as organizations respond to changing circumstances. These strategies allow for agility and adaptability in a rapidly changing business environment.
Step-by-step explanation:
Emergent strategies are not developed by middle management and implemented gradually. In fact, emergent strategies are a type of strategy that evolves over time, in a more spontaneous and flexible manner, as a result of various factors and changing circumstances. These strategies are not pre-planned or intentionally crafted, but rather they emerge naturally as organizations respond to external challenges and internal dynamics.
An example of an emergent strategy can be observed in the case of a company facing intense competition in the market. Instead of sticking to a predetermined plan, the company may adapt its approach by exploring new markets, introducing innovative products, or even restructuring its operations to meet the changing demands.
Unlike deliberate strategies that are carefully designed and executed according to a preconceived plan, emergent strategies allow for agility and adaptability in a rapidly changing business environment. They are often the product of learning, experimentation, and continuous adjustment, making them particularly valuable in dynamic industries.