In a game, strategy refers to a player's plan for winning. In military terms, strategy means outmaneuvering the enemy. In the world of business, "strategy" is used to maintain successes and achieve growth.
a. Compare and contrast conventional strategic planning concepts with those of strategic intent and skill-based strategic thinking. Explain how the differences in these concepts can lead to better business strategy practice.
b. Explain the relationships between business models, business strategies, and strategic intent and skill-based strategic thinking. Include an explanation of how these concepts can help avoid myopic business strategy development.