Strategy is always a recurring mechanism which can be achieved by dynamic approach but not a static approach...to an extent strategy can be static...for instance..when a company has achieved break-even or when there is monopoly or when the company has highly equipped technology....but, this situation will not be stagnant in any company.....whereas dynamic approach is needed for continuos r&d in a company...and in todays world, dynamic approach is definitely needed because of huge competition due to Globalization.
With dynamic strategic planning decisions are linear. Management must assess a variety of situations and circumstances before they are able to properly develop a course of action.
steps process strategic management
Chester Barnard's The Functions of the Executive (1938) represents a book of historical significance to the study of management. Using the fundamental principles that Barnard outlines, an application of these principles is made to the area of strategic management. The analysis focuses specifically on two main areas: the movement from a static to a dynamic model and the role of the environment. Highlights the importance of returning to the work of early writers and their contribution to the future development of management disciplines
Main objective of Strategic Management is to increase profitability
evolution of business policy and strategic management?
With dynamic strategic planning decisions are linear. Management must assess a variety of situations and circumstances before they are able to properly develop a course of action.
In any strategic management process, but particularly in those taking place in dynamic environments, situations change and strategic plans require modification.
Static: Not Moving Dynamic: Moving
Dynamic unless you pay extra for a static.
static comes from stationary means not moving and dynamic means moving
Dynamic process. Static means staying the same.
dynamic
DYnamic
The antonym of dynamic is 'static'.
static
Static stays the same and dynamic is always different.
If a system is static then it will be known as STATIC SYSTEM and if it is not static then its a common sense that it will be a DYNAMIC SYSTEM.