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It also aids in comprehending current management theory and practice. A good study will encompass a variety of styles and methodologies. It also allows us to examine what previously worked and what did not. That is a practical technique to locate one that will meet your needs. Studying the history of strategy and management is not to immediately apply it to current practices or to attempt to anticipate future practices. Various situations require different approaches, and sometimes those have to be altered. Understanding the fundamental ideas that contemporary strategy theory is based on is more important; these ideas are timeless and still hold today. However, being aware of their historical context also offers important insight into some elements of strategy implementation.
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