CA Intermediate · Financial Management and Strategic Management · Introduction to Strategic Management

The board of Sahyadri Pharma, listed on the NSE, approves a three-year plan to acquire a rival in 2026. Midway, a regulator suddenly bans a key ingredient, so management drops part of the plan and launches a different product line that was never in the original plan. In Mintzberg's terms, the strategy actually followed is best described as a combination of:

The strategy is a mix of intended and emergent strategy, with part of the intended plan unrealised. The acquisition plan was partly dropped, while the new product line emerged in response to the ingredient ban, so the realised strategy combines deliberate and emergent elements.

1. AIntended strategy and emergent strategy, with some intended strategy left unrealisedCorrect
2. BOnly realised strategy, because plans never matter
3. COnly deliberate strategy, because the board approved it
4. DOnly unrealised strategy, because the acquisition was dropped