StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Issues in strategic management - Essay Example

Comments (0) Cite this document
Summary
The aim of the present research is to discuss the process of strategic decision making from the theoretical point of view; to look closer at the different opinions and theoretical schools of strategic management thoughts and to systematize the knowledge through creation of taxonomy.
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.5% of users find it useful
Issues in strategic management
Read TextPreview

Extract of sample "Issues in strategic management"

Download file to see previous pages However, it is essential to distinguish the two basic differences in the strategic management research - while one focuses on the research of the content of the strategic management ideas, the other makes the process of strategic management its object, and also examines the factors, which influence this process. It is interesting to note the expression, which can give and explain the principal roots of the strategic management decision making:
Thus, the aim of the research is not only to make the taxonomy of the decision making knowledge in strategic management, but to make it simple, understandable and practical for the use in the further similar researches.
Taxonomy is the science of classification of any knowledge, and can be applied to any theoretical or practical field of science. (Porac & Thomas, 1990) Applying taxonomy to the area of strategic decision making has become popular in the recent years, though attempts to systematize the schools of the strategic decision making has been attempted earlier. It was a difficult task to accomplish, as strategic decisions have been described, as being unclear, complex, unpredictable and messy. (Schwenk & Dalton, 1991) The first attempt to create at least approximate taxonomy of the strategic decision making was performed in 1976 by Mintzberg and Theoret, who were able to define the three major phases in this process, and described them as the identification phase, the development phase and the selection phase. (Goodstein et al, 1994)
Hart (1992) has also created his own system of strategic decision making processes, and has divided them into five different types - the command mode, the symbolic mode, the rational mode, the transactive mode and the generative mode.
The systematization of the knowledge in the area of strategic management decision making is a difficult process, but we will here attempt to create a table on the basis of the existing theoretical schools and to describe them in more detail, which will assist in further application of the knowledge found in literature in future researches and the solution of the practical issues.
Taxonomy of the strategic management decision making

Name of the theoretical school
The author
The basic knowledge used
The design school model
Learned, Christensen, Andrews and Guth
SWOT analysis; defines strategy as simple and informative process
The planning school
Ansoff
Makes little emphasis on the concept of strategy as it is; is more concentrated on the detailed plans elaboration
The entrepreneurial school
Schumpeter
Focuses on the CEO role in strategic decision making process
The extended design school model
Prescribes the CEO's vision to the building of consensus and commitment in the decision making

The detailed discussion of the theoretical schools
In the light of the abovementioned information and in the view of the table created on the basis of the already existing schools of strategic management thinking and decision making, it is interesting to note, that some strategies use the role of the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Issues in strategic management Essay Example | Topics and Well Written Essays - 2000 words”, n.d.)
Issues in strategic management Essay Example | Topics and Well Written Essays - 2000 words. Retrieved from https://studentshare.org/miscellaneous/1507643-issues-in-strategic-management
(Issues in Strategic Management Essay Example | Topics and Well Written Essays - 2000 Words)
Issues in Strategic Management Essay Example | Topics and Well Written Essays - 2000 Words. https://studentshare.org/miscellaneous/1507643-issues-in-strategic-management.
“Issues in Strategic Management Essay Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/miscellaneous/1507643-issues-in-strategic-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Issues in strategic management

Wembley Stadium Project Management Strategic Issues

...?Heriot Watt School of the Built Environment Construction Management & Surveying MSc Construction Project Management Assignment Module : Project Management Strategic Issues: D31PS Module lecturer: Dr Bilge Erdogan Done by: ID: Submitted on: Outline Introduction Analysis of the Reasons of Delays or Cost Increase during the Project Analysis of the Relationship between Problems and Project Management Analysis of the Strategy or Operational Project Management Actions Conclusion on Lessons from the Project References Wembley Stadium – Project Management Strategic Issues 1. Introduction of the Project Wembley stadium is the renowned name for English football. It was re-erected in the 2006 by dismantling the ancient construction in use since 1923...
10 Pages(2500 words)Essay

Strategic issues management: a comprehensive guide to environmental scanning

..., Ethical marketing. Pearson Prentice Hall: Upper Saddle River, N.J. Peters, RS, 2004, Psychology and ethical development: a collection of articles on psychological theories, ethical development and human understanding. Allen & Unwin: London. Restrictive business practices of multinational enterprises: report of the Committee of Experts on Restrictive Business Practices, 2007, Organization for Economic Co-operation and Development: Paris. Singh, S, 2008, Business practices in emerging and re-emerging markets. Palgrave Macmillan: New York, NY. Stoffels, JD, 2004, Strategic issues management: a comprehensive guide to environmental scanning. Pergamon Press: Oxford [England.  ...
12 Pages(3000 words)Assignment

Project Management Strategic Issues Assignment

The design of the building was given by Enric Miralles and the construction of the building started in June 1999. The project was a constant target of disagreement and condemnation for the choice of the site, complex design and costs incurred. The final completion date of the building was in 2004, which was almost three years behind the original schedule and the project overran the cost of ?40m to ?414m which was many folds higher than the allocated budget. The major reason for the cost overrun as explained in the public enquiry by Peter Fraser in 2003 were the inefficient methods in which most important design changes were executed by the Holyrood project team. The paper undertakes a detailed study of the Scottish Parliament pro...
12 Pages(3000 words)Assignment

Strategic Management Issues at British American Tabaco

... Strategic Management Issues at British American Tobacco Case Overview British American Tobacco is an international company that has been in business for a period of more than one hundred years. During the many years in business, the company has been faced with major business opportunities and challenges. The company has to strategize on how to adapt to changes in the environment in order to maintain a competitive advantage. The process of strategic management involves defining organizational strategies. It is the process that decisions made by managers are based on a set of priority strategies. The strategies chosen by the managers should be able to make the company achieve better performances. The process of strategic management...
4 Pages(1000 words)Essay

Critically evaluate the strategic role of global information systems for organisations and discuss the management issues associa

Information systems have, therefore, had a profound effect on the performance of global businesses by transforming their ability to deliver value to customers (Czinkota et al., 2005). However, the application of information system has unfortunately stemmed on the basis of companies’ internal operations with little focus of the global paradigm. This means that international requirements, including cross-cultural differences, have yet to be fully materialized into the information systems used by these global businesses. Most often global information systems are evaluated from the same perspective as their local counterparts; however, the former demands attention to some particular aspects. An integrated and holistic information sys...
10 Pages(2500 words)Essay

Issues in Strategic Management Strategic Audit Exercise

...Issues in Strategic Management: Strategic Audit Exercise (Apple Computers Inc Background and Problem Identification Having started the journey in 1976 Apple Inc. has seen many milestones. Today it appears that Apple Computer Inc. is the sole successful escapee from the IBM and Microsoft hegemony in the personal computer field. Headquartered in Cupertino, California, Apple Computer designs, manufactures and markets personal computers and related software, services, peripherals, and networking solutions. The company also designs, develops, and markets portable digital music players along with related accessories and services, including the online distribution of third-party music, audio books, music videos, short films, and television shows...
6 Pages(1500 words)Essay

Project Management Strategic Issues

The project officially began on October 2000. Demolition of the old structure was scheduled on December 2000 and the new stadium was expected to open in 2003. However, the project was delayed to 9th March 2007. This was because of delays caused by various factors chief among them financial and disputes related issues.
Upon completion, the one kilometre circumference Wembley Stadium was supposed to have a bowl volume of 1,139,100m3 and 90,000 sitting capacity with demountable seats. The most spectacular thing is the 1750 tonne and 133-metre tall arch that became the symbol of the stadium. Wembley Stadium has 2618 toilets, state of art conferencing and banqueting facilities as well as 103,000m2 foot print. There were 3500 worke...
10 Pages(2500 words)Essay

Comtempprary Issues in Strategic Management

...Contemporary Issues in Strategic Management Table of Contents Executive Summary 4 Introduction 4 Literature Review 5 Segmentation, Targeting and Positioning 5 Marketing Mix 6 Current Situation and Trends 7 PESTLE Analysis 7 Performance Review- Porter’s Analysis 9 Consumers Bargaining Power 9 Suppliers Bargaining Power 9 Threat of New Entrants 10 Threat of Substitute Products 10 Competitive Rivalry within the Industry 10 Key Issues 10 SWOT Analysis 10 Objectives 11 Marketing Strategy 12 Action Plan 15 Positioning of the new product 15 Targeting 16 Segmentation 16 Marketing mix 17 Projected P&L 20 Controls 20 Contingency Plans 21 Conclusion 21 References 23 Executive Summary This project presents a marketing plan for a car manufacturing...
16 Pages(4000 words)Essay

Contemporary Issues in Strategic Management

...Contemporary Issues in Strategic Management Table of Contents Contemporary Issues in Strategic Management 1 Table of Contents 1 3 2.0 Introduction 3 The growth, development and expansion of Vodafone have been founded on the basis of continually re-emerging as a more developed company over its period of operation. The company was established in 1984 as Racal Telecom Limited. In 1985, the company was a host to the first ever mobile phone calls in United Kingdom with a customer base standing at just over 19,000 subscribers. Vodacom became operational in 1991 after de-emerging from the original company Racal. Several developments happened in the company over the years developing from a lower economic strength to the other and in 2006...
23 Pages(5750 words)Assignment

Implementing Schedule of Time Management

..., and estimating expected costs of the Email System Upgrade of my organization, during this all we have to mange and sustain the Quality and its application to project management processes. In this memo I will present and analyze the impact of qualitative strategic factors on project management decisions and then I will try to recognize, build, and express the philosophy for Quality management organizations. I have presented the overall review of the whole project that we have to do, by this we have a better overview of the things that we have to manage and control by implementing the philosophy of Quality management organizations, so that our work and development should be according to qualitative strategic factors. Overview of overall...
6 Pages(1500 words)Coursework

Change Management

.... In this case, it is important for managers to familiarise themselves with what actually constitutes resistance to change so that they can address the underlying causes and how to reduce them. There are a number of reasons why persons may resist change within any one given organisation. First of all, some people may resist change because they do not understand the effects that may arise out those changes. This is usually the case when managers have not gone out of their way to explain these effects to the important stakeholders. Consequently, in order to avoid the risk that may arise out of that change, employees would rather resist it first. Managers can deal with this problem by clarifying out issues before hand. (Kirkman, 2000...
10 Pages(2500 words)Coursework

Customer Relationship Management

 Consumers started looking for variety and lower prices. Through the use of technology, such customer tradeoff against variety and prices is not necessary. The US life insurance industry is large, mature and dominated by a number of large companies and this industry has been one of the early adopters of computer technology (Subramanian & Chatterjee, 2007). The advent of the CRM systems changed the landscape of the insurance industry.

The health insurance organizations use CRM to prepare health proposals and process applications in a much faster and accurate way. The organizations are better able to understand the needs and habits of the customer and provide more efficient service. Companies are able to integrat...
9 Pages(2250 words)Case Study

Diversity Management in Organisations

... that is elastic, receptive and more industrious has appeared at the cost of stressed affairs along cultural, national and sexual characteristics appearances. (MOR-BARAK, Michàlle E., 2005) The road to victory for an organization leads through a well maintained diversity in workplace and on the same time, it should also be open to honest debates regarding the issues and solutions. (SIAS, Patricia M., 2008) This paper hereby exhibits the significance of diversity in a corporation along with a brief guide towards the challenges that are usually faced by a manager while managing the diversity. This paper also highlights the best available practices that could be adapted by the HR managers to effectively manage the diversified labour in his...
6 Pages(1500 words)Case Study

The Management, Leadership and Teamwork Competencies Required by a Small Business Owner

On the other hand organizational leadership is defined as the ability based on the specific skill of an individual to lead his/her subordinates in a manner that pre-planned organizational goals could be achieved within the defined time-frame.

According to Burns (1978) and Bass (1985), transformational leadership has a set of category constructs such as values, morals, farsightedness, long term goals, principles, acute awareness about the dividing line between causes and symptoms, mission statements, strategic perspectives, and human resources. Similarly, they identify a set of category constructs in the transactional leadership also. For instance concentration on the task at hand, short term goals and tactics, confusion co...
6 Pages(1500 words)Coursework

Strategic Pay and Organizational Behavior

Both, Performance-related pay (PRP), as well as  Payment by Results (PBR), are based on the notion that if a worker can vary output by increasing his efforts, the hope of increased pay will lead him to perform his best. Both methods can be applied to an individual as well as a group level. Below is a critical comparison of the two:
Defined in simplest of terms, payment by results can be defined as the scheme of paying incentives in which, the bonus or the variable portion of the payment will be dependent on measurable values of outputs, within studied time limits.

Advantages: The primary advantage of this scheme is the inducement and motivation of workers for higher efficiency and great output. It is better th...
6 Pages(1500 words)Assignment

Information Security Management

Security is a group of activities that include the policies, measures, and actions which are utilized to stop unlawful access or alteration, theft, and physical damage to information or computer. Security can be supported by an assortment of techniques and tools to safeguard computer hardware, software communications networks, and data (Laudon & Laudon, 1999, p. 502). In the modern age of information technology, there are many threats happened for organizational information. We need a security model that has the ability to manage and secure our information reserves. Technical administrative safety /security measures like security plans, actions and techniques are the main practices for the organizational information security m...
10 Pages(2500 words)Research Paper

People, Organisations and Management

Organizations and their management styles have evolved to a great extent in the service and manufacturing industry over the last century, and so have been the concepts of management and its functions. These evolutions can be traced to significant developments brought about by the industrial revolution, scientific management principles such as Taylorism and Fordism, transition of feudalistic to capitalistic approach and others in different sectors of manufacturing industries. However, the beginning of the industrial revolution was characterized by a rigid hierarchical bureaucratic way of organizing business enterprises, a style prevalent even today but only in military service organizations. Nevertheless, the manufacturing and busi...
8 Pages(2000 words)Assignment

Self Assessment: Conflict Management Style

... and workforce. They can place demands on their employees without properly compensating it. The employees, on the other hand, can also abuse the management by setting up unlikely demands themselves, make poor decisions and then when faced with improper actions, get off the hook. In short there will be a number of issues in the workplace that can cause dissatisfaction of both, and without consideration on ethical principles, satisfactory employee-employer relations will be almost be impossible. In addition, instead of arriving at a common goal, it will rather be a win-lose situation. 3. Which of the previous three principles would you want the company that you work for to adopt? Why? If I were to choose for a certain company that I...
7 Pages(1750 words)Essay

Management Theory and Practice in the Early Childhood Education Industry

...Management Theory and Practice in the early childhood education industry This Report applies management theory into practice in the early childhood industry, especially in the context of women leaders. Management issues play a significant role in the academic sector, because early childhood professionals need higher levels of motivation in order to avoid burnout . As pointed out in a study by Osgood and Halsall (2007) where they carried out research to examine the position of women in leadership or management positions, a “glass ceiling” exists for women in the academic setting, which could significantly impair motivation. Since many of the individuals employed in the early education sector are women, addressing this issue is even more...
6 Pages(1500 words)Coursework

Current Issues in Strategic Human Resource Management

...Current Issues in Strategic Human Resource Management Table of Contents Introduction 2 Strategic Human Resource Management 3 Role of Strategic Human Resource Management in the Current Context 5 The Concept of Strategic Fit 7 ‘Fit’ Models of Strategic Human Resource Management 8 Limitations of Strategic Human Resource Management 9 Practical Considerations of the Limitations 11 Conclusion 13 References 17 Introduction Schuler (1992) has defined strategic human resource management (SHRM) as, “all those activities affecting the behaviour of individuals in their efforts to formulate and implement the strategic needs of the business” (Armstrong, 2000, P. 40). Thus strategic human resource management is largely the strategic approach...
15 Pages(3750 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Issues in strategic management for FREE!

Contact Us