This research explores the structure of the strategic management discipline of the. According to tapera 2016 19, a strategic plan is a tool. A number of journals in manufacturing, distribution, marketing, customer management, transportation, integration, etc. These qualities contribute positively to effective. Strategic management comprises drafting, implementing, and evaluating crossfunctional decisions that enable an organization to achieve its longterm strategic objectives. Applying strategic management theories in public sector.
Strategic management can also be defined as the systemic. An aspirational framework for strategic human resource. Journal of strategic management studies 4 16, 1159, 2014. Pasanen 2011 stressed that the role of smtts is to facilitate strategy work. Early on, strategic management was premised on the notion that organizational effectiveness follows from achieving the best. European scientific journal march 2014 edition vol. Most downloaded management accounting research articles. The strategic management society is a membershipbased organization. Definitions of strategy in organizational contexts part 2. As strategic management scholarship blossomed, three theoretical perspectives.
Research articles confounding changes in averages with marginal effects. The history is filled with the examples where the strategic management of offensives and counter offensives paved the path for decisive victories. By joining the strategic management society as a member, you not only help further this mission but also receive exclusive membership benefits. Ltasks of strategic management lstrategic management is an ongoing process lwho performs the tasks of strategy lbenefits of managing strategically strategic management the art and science of formulating, implementing, and evaluating crossfunctional decisions that. Strategic planning if done poorly results in more harm than good and this is the reason why the pitfalls of strategic planning and strategic management must be avoided. Being a conceptual paper, we start by highlighting the origin and meaning of strategy and strategy planning. Strategic management articles management study guide. The importance of strategic management to business organizations.
Afterwards, the phenomenography research is described and explained. Pdf strategic management model for academic libraries. Pettigrew, the politics of organizational decisionmaking, routledge, oxon, uk, 2014. Reproducibility is the ability of other researchers to obtain the same results when they reanalyze the same data kepes et al.
Schendel and hofers book strategic management 1979 and the almost contextual establishment of the strategic management journal smj in 1980, and the strategic management society in 1981 dagnino and cinici, 2016. How anchoring can destroy economic value in strategic investment assessments zur shapira. Theories for competitive advantage research online. Strategy refers to a general plan of action for achieving ones goals and objectives. The strategic planning for disasters converts needs into a strategic plan of action. The impact of strategic management on the growth of smes. The distinction between strategic thinking, strategic management and strategic planning 45 strategy in actionquick strategic thinking in unfavourable circumstances45 strategy in actionsony the disruptive innovator 50 principles for the successful use of strategy 61 finding the right strategic mix of entrepreneurial creativity and. Defining strategic management, planning outline l why strategic management. Strategic management model for academic libraries article pdf available in procedia social and behavioral sciences 147.
The result of strategic planning process is a strategic plan which is a blue print for the organization as it moves into the future. A strategy or general plan of action might be formulated for broad, longterm, corporate goals and objectives, for more specific business unit goals and objec. Strategic management journal smj publishes the occasional mathematical article or simulation but very few have people in them, and the journal publishes few experiments. It is well documented that many of todays students are visual learners. Strategic management and the person thomas c powell, 2014. Strategic management, linking the rigor of formal planning to vigorous operational execution, may prove to be the answer. This article discusses some of the common pitfalls of strategic management and suggests some approaches to actualize strategies that make the firms market leaders. The art of strategic management remained primarily associated with the military history. An aspirational framework for strategic human resource management. Indeed, good strategic management is a function of people actively considering strategy as they make daytoday decisions in an everchanging world. International journal of strategic change management.
Procedia social and behavioral sciences 110 2014 861 a 870 18770428 2014 the authors. Pdf strategic management is defined as the process of evaluation, planning, and implementation designed to maintain or improve competitive advantage find, read and cite all the research. It also aims to promote and coordinate developments in the field of change management. Strategic management of business performance based on. Mastering strategic management is designed to enhance student engagement in three innovative ways. Subsequently, the collected data are analysed and our model is tested. This paper presents strategic management as an important business management concept.
Strategic management tools and techniques and organizational. Special thanks is extended to those who participated in the case studies by sharing the details of their strategies. Click on any of the titles below and you will be taken to the article or post. Also, according to ketchen, boyd and bergh 2008, the strategic management journal. Strategic management contents 1 introduction 7 2 the basis of strategy. Corporate sustainability strategies and decision support. Citescore values are based on citation counts in a given year e. Applying strategic management theories in public sector organizations. Free articles on strategic enterprise asset management. In recent years, management theories had become more multifaceted where emphasis has shifted from behavioural science to organisational structures and quality assurance.
All the activities within sms target the development and delivery of engagement and networking opportunities for members of the society. Mastering strategic management open textbook library. Strategic analysis of starbucks corporation there is an expected shift towards healthy eating and diet among the consumers in 2014, and this could be a potential threat to the industry as they become more aware of issues related to weight and obesity. Most downloaded the journal of strategic information systems. Pdf the importance of strategic management to business.
Their input, advice, and lessons learned, both successes and failures, have been incorporated into this document so that we may all apply better strategic management processes in our organizations. Training hospital managers for strategic planning and. The international dimension is emphasised in order to overcome. Strategic management is defined as the process of evaluation, planning, and implementation designed to maintain or improve competitive advantage. Strategic management process is a tool that has been successfully used by the ailing corporate organizations to prepare for the challenges of the future and improve their long term performance. A strategy model better performance through improved. Strategic management process strategic management process dr i. Academy of strategic management journal, volume, number 2, 2014. Chaneta department of business studies faculty of commerce university of zimbabwe abstract wheelen and hunger 2002 say that strategic management is a set of managerial decisions and actions that determines the longrun performance of an organization. Pdf strategic management international journal of strategic. Strategy the word strategy has so many meanings itself and all these meanings are useful, important and relevant to the people who.
Crisis management systems will help in effective decision making. The strategic management journal seeks to publish the highest quality research with questions, evidence and conclusions that are relevant to strategic management and engaging to strategic management scholars. The first is through visual adaptations of the key content in the book. Strategic plans detail the goals that must be achieved.
Is there a credibility crisis in strategic management. Pthe article refers to the strategic management journal as an academic publication specialized in the discipline of strategic management. Strategic surprisingly, here there is ready agreement. Strategic planning often is done preevent, based on previous experience and expertise. To meet students wants and needs and thereby create a much better teaching experience for professors, mastering strategic management contains. Several identifiable actions and features qualify strategic leadership as postulated by hitt et al.
Management of crises requires coordination of organizational processes, effective internal and external communications, and strong organizational leadership in the strategic crisis management of the organization pryor, taneja, alexander, larkin, and singleton, 2012. Articles on strategic management strategic management introduction strategic management is about the strategies that managers carry to achieve better performance. Leadership as a tool of strategic management sciencedirect. Scm has become one of the most popular concepts within management in general since its introduction in the early 1980s 1. Findings from the czech republic afonina anna abstract the purpose of this study is to investigate the current level of strategic management tools and techniques utilization as well as to explore and identify the impact of management tools on or. Page 6 academy of strategic management journal, volume, number2, 2014. It defines strategy and explains the key concepts in strategic management. As hotel companies manage and operate their properties, they should focus on several aspects such as logistics management, inventory management, information technology, procurement and distribution, lean and green supply chain practices. A version of this article appeared in the july 1980 issue of harvard. Finally, this paper explores the competitive benefits that come from applying these concepts. Strategic plans become the budgets descriptive front end, often projecting five years of financials in order to appear strategic. Objectives the objectives of ijscm are to establish an effective channel of communication between academic and research institutions, policy makers, government agencies and persons concerned with the complex issue of strategic change management. The methodology adopted in the survey is presented in the next section. In the corporate sector, its emergence started after the culmination of second world war.
The journal of strategic information systems elsevier. In the corporate sector, its emergence started after. Welcome to a wide range of free informative and educational articles on iso 55001 asset management, lifecycle asset management, and enterprise asset management strategy topics to help you reach operational excellence. It traces the evolution of management theories from the preindustrial revolution through the two world wars to the era of rapid economic growth of the 1960s to the 1980s. Strategic management is the need of organization and also the ongoing debate in literature. More specifically, the strategic management journal seeks to. We receive manuscripts with a diverse mix of topics, framings, and methods, and our acceptances reflect this diversity. Strategic implementation as a part of strategic management. Strategic management tools and techniques and organizational performance.
A good strategy may give an organization a competitive advantage. Strategic leadership demands for the ability to integrate both the inside and outside business environment of the organisation, and engage in multifaceted information processing. Jun 30, 2014 research articles confounding changes in averages with marginal effects. It provides a description of its birth and evolution, mission and scope, and the editors responsible for its development over time.
313 44 672 1569 431 493 250 874 292 149 853 1311 1048 741 1186 1141 979 441 1139 119 1475 529 213 1152 649 961 10 1129 315 370 1262 157 185 503 1328 692 959 464 143 1065 486 934 883 366