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Strategy

In: Embracing the Black Swan

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  • Khalil Dindarian

Abstract

In this chapter, the various definitions of Strategy are considered in theoretical terms. In order to understand how effective emergent strategies are characterized by Resilience, the following are discussed: Qualifying Enterprise Resilience as a Strategic Objective Qualifying ERM as a Strategic Decision-making Property The proposed relationships between, respectively, strategy and resilience, strategy and ERM, and Strategic management and strategy formulation It can be seen that strategic management is a framework for analyzing the environment, for integrating enterprise activities, for learning, and for adapting to change. It ensures business continuity, thus creating added value for shareholders and stakeholders, both in the present and into the future, even in times of complex environmental change. Resilience is, it can therefore be concluded, a strategic objective, since effective emergent strategies are characterized by Resilience, while ERM is a property of strategic thinking and decision-making.

Suggested Citation

  • Khalil Dindarian, 2023. "Strategy," Future of Business and Finance, in: Embracing the Black Swan, chapter 2, pages 9-25, Springer.
    • Handle: RePEc:spr:fuobcp:978-3-031-29344-3_2
    DOI: 10.1007/978-3-031-29344-3_2
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