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evolutionary strategic management
Evolutionary strategic management regards strategy development as the accumulation of many small changes, which shape the original plan over time. This is tied to rapidly occurring changes in the business environment, including technology, finance and regulation, which could not have been anticipated in the original plan.
This incremental development of strategy is based around Darwin's theory of evolution, which states that in the long run, species either have to adapt or to die.
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- Part of Speech: noun
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- Category: Business management
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