Question

When are emergent strategies important?

1) When a firm fails to implement the strategic management process effectively
2) When a firm successfully implements the strategic management process
3) When a firm is facing financial difficulties
4) When a firm is expanding its operations

Answer 1

Emergent strategies are important when a firm fails to implement the strategic management process effectively, when a firm is facing financial difficulties, and when a firm is expanding its operations.

Step-by-step explanation:

Emergent strategies are important in several situations:

1. When a firm fails to implement the strategic management process effectively. In this case, emergent strategies can help the firm adapt to changing circumstances and find new opportunities for growth.
2. When a firm is facing financial difficulties. Emergent strategies can help the firm identify alternative ways to generate revenue and improve its financial situation.
3. When a firm is expanding its operations. Emergent strategies can help the firm navigate the complexities of growth and capitalize on new market opportunities.