Final answer:
There is no complete consensus among strategic managers and academic researchers about the definition of a strategy.
Step-by-step explanation:
There is not complete consensus among strategic managers and academic researchers about what a "strategy" is. Different perspectives and definitions exist in the field of strategic management, leading to ongoing debates and discussions. Strategic managers may have their own understanding of what constitutes a strategy based on their organizational context and industry, while academic researchers may take a more theoretical and conceptual approach.
For example, some strategic managers may define strategy as a long-term plan formulated by top-level executives to achieve organizational goals, while academic researchers may view strategy as a pattern of decisions and actions undertaken to gain a competitive advantage in a dynamic environment.