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1 Chia and Holt argue that strategy can be the product of 'local actions and adaptations without the oversight or pre-authored design of 'big'...

1   Chia and Holt argue that strategy can be the product of 'local actions and adaptations without the oversight or pre-authored design of 'big' strategists'. Critically discuss this claim using suitable examples.

2  Teece, Pisano and Shuen propose a "'dynamic capabilities' approach in order to stress exploiting existing internal and external firm-specific competences to address changing environments". Critically discuss the concept of dynamic capabilities using suitable examples. 

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