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The purpose of this essay is to critically analyse the characteristics of the traditional mindset and the 21st century landscape to gain better understanding of their thought, and also to study and question the different approaches given to the issue by great strategists such as Igor Ansoff, Henry Minztberg, Michael Porter, and Jay Barney. The scope of this research is to determine if the traditional mindset is obsolete and intend to prove the hypothesis of strategic management for the 21st century as a mix of traditional and modern view instead of a complete transformation and discard of classic approaches...
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