Final answer:
A single strategy is insufficient for an organization because environments are volatile, goals are complex and multidimensional, and adapting to new information is crucial. Organizations must balance various strategic approaches to cope with shifting workplace dynamics, imperfect information, and competitive actions.
Step-by-step explanation:
It is unlikely that a single strategy will be sufficient for an organization due to several factors. Firstly, environments in which organizations operate are typically volatile and characterized by uncertainty, requiring a dynamic approach to strategizing. In the context of chess, the game is dynamic where each player must adapt their strategies in response to their opponent's moves. In politics, the actions of adversaries must be considered when strategizing. Similarly, in economic institutions, it's not a matter of choosing solely market freedom or government rules but finding the right balance.
Organizations also encounter diverse and complex goals which may conflict, requiring trade-offs and prioritization. For example, strategies in political campaigns may involve mobilizing supporters, persuading undecided voters, or discouraging opponent voters, which all require different approaches. Furthermore, imperfections in information and judgements may lead to inaccuracies in expected outcomes of strategic actions. Therefore, a multidimensional strategic approach becomes necessary.