The strategy palette can be applied to a real-world business scenario by first understanding the strategic environment of the business. This involves identifying whether the business environment is predictable, unpredictable, malleable (can be shaped by the company or industry), harsh, or reserved for pioneers. Once the environment is identified, the appropriate strategy from the palette can be chosen and applied. For example, in a predictable environment, a classical approach can be used, while in an unpredictable environment, an adaptive strategy might be more suitable.
Learn from some of the most useful and popular business strategies and frameworks from our compilati...
Download template