Summary
Researchers have identified two styles of strategic planning: deliberate and emergent planning. Contrary to popular belief, elite chess players do not predict moves ahead but adapt their strategies based on what works in the game, similar to emergent plans in strategic management. Examples from chess masters, Honda's success, and skiing competitions illustrate the effectiveness of being flexible and adaptable in strategic planning, allowing for seamless transitions between different approaches based on the situation. Success in dynamic environments like skiing competitions and strategic management hinges on the ability to adjust strategies based on changing conditions, showcasing the importance of flexibility and adaptability.
Two Styles of Strategic Planning: Deliberate vs. Emergent
Researchers identified two styles of strategic planning: deliberate planning, where executives anticipate outcomes, and emergent plans that adapt to new opportunities and risks.
Illustration of Emergent Plans: Chess Example
Contrary to popular belief, elite chess players do not predict moves ahead; instead, they adapt their strategies based on what is working in the game, similar to emergent plans in strategic management.
Chess Masters' Success Strategy
Chess masters excel by being flexible in their strategies, allowing them to shift easily between different approaches based on the situation, showcasing the effectiveness of emergent planning.
Honda's Success with Emergent Planning
Honda's success is attributed to their ability to transition between strategies seamlessly, demonstrating the effectiveness of emergent planning in dynamic environments.
Illustration of Emergent Plans: Skiing Example
Skiing competitions demonstrate emergent planning as skiers adjust their strategies based on changing conditions, similar to how chess masters adapt their gameplay.
Adaptability in Skiing Competitions
Successful skiers like Lindsey Vonn achieve consistent results not just due to luck but because they adapt to varying conditions, showcasing the importance of flexibility and adaptability in strategic planning.
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