Problem:
Briefly explains the basic premises behind the design school of thought in strategy formation and how do these differ from the planning school. Then, explains limitations of the design school of thought concerning strategy formation. Next, the conditions that lead to an organization forming strategy under the premises of the design school. Finally, suggestions by Michael Porter.
Question 1. What are the basic premises behind the design school of thought in strategy formation and how do these differ from the planning school?
Question 2. What are some problems or limitations of the design school of thought concerning strategy formation?
Question 3. What conditions may lead to an organization forming strategy under the premises of the design school?
Question 4. What insights does Michael Porter provide in developing effective strategies for organizations?