StudentShare solutions
Triangle menu

Issues in strategic management - Essay Example

Not dowloaded yet

Extract of sample
Issues in strategic management

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 ...Show more

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.
Author : lyla21
Issues in strategic management essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Issues in strategic management"
with a personal 20% discount.
Grab the best paper

Related Essays

Wembley Stadium Project Management Strategic Issues
Wembley stadium The stadium was razed in 2002 to be reconstructed in 2006 to a 90,000-seating capacity stadium. The new £757 million Wembley Stadium (NAO, 2003) is now about thrice as big to its earlier size with its arch positioning 140 metres extended from its concourse, which is huge enough to be looked over by the whole of London (Quintain, 2004)
10 pages (2500 words) Essay
Strategic Management Issues at British American Tabaco
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.
4 pages (1000 words) Essay
Critically evaluate the strategic role of global information systems for organisations and discuss the management issues associa
This has given birth to the concept of aligning the business goals with technology layouts in most firms today. Information systems have provided a decision making infrastructure for global businesses in the midst of a digital economy whereby communication is dependent on the internet, mobile and fiber optics cable.
10 pages (2500 words) Essay
Critically evaluate the strategic role of global information systems for organisations and discuss the management issues associa
This can be greatly attributed to the development of information systems. Information systems consist of hardware and software systems that support data applications for business enterprises. Different models, programming languages and algorithms are used in development of information systems.
9 pages (2250 words) Essay
Strategic Hotel Management Issues
Technology itself is almost always taken as an exogenous factor in economic analysis. Opportunities include increased population and improved economic conditions of the country, direct investment and technological change. Still, Vietnam has high inflation rates and old legislation dangerous for a hotel business and the market in general.
8 pages (2000 words) Essay
Issues in Strategic Management Strategic Audit Exercise
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. The company primarily operates in the Americas, Europe and Japan.
6 pages (1500 words) Essay
Project Management Strategic Issues
Wembley stadium management board agreed to fund the project to the tune of £798 million. Multiplex Construction Company won the tender to undertake the rebuilding of the popular
10 pages (2500 words) Essay
Comtempprary Issues in Strategic Management
It has been followed by an analysis of the current trends in the Malaysian automobile market using Pestle analysis. It then goes on
16 pages (4000 words) Essay
Students are to write a 1,500 word report evaluating the various marketing management issues & strategic options available to a fashion retailer of your choice in the current economic climate. Considerations should be made towards their market, (consumers
Diesel fashion retailer is one company in the fashion industry that has operated for long. Its application of various marketing practices seems to have sustained it in business but there are still a lot of things it can do to
6 pages (1500 words) Essay
According to the existing material, to write a report to the management team to address the strategic issues facing the company as it embarks on expansion including international expansion
Finally based on the analysis a country will be chosen and a stratgy will be recommended. Nippon UK is the company established in 1993 with the aim of providing tutions of Martial Arts to the
5 pages (1250 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation