Final answer:
Henry Mintzberg's research concluded that strategic formulation is a regular, continuous process, which is true. The concept highlights the importance of flexibility within strategic planning in the dynamic business environment.
Step-by-step explanation:
Henry Mintzberg's research into strategic formulation revealed that it is indeed a regular, continuous process. This notion is true. Mintzberg found that strategic formulation is not a static event but an ongoing journey of understanding and adapting to the dynamic business environment. In Mintzberg's view, the process requires flexibility and responsiveness, traits that are critical for long-term success and sustainability in the business world.
Strategic formulation involves both deliberate planning and emergent strategies that evolve over time. This means that while there can be a structured approach to strategy, there also needs to be room for new ideas and adjustments as circumstances change.