Strategic Management
- Business
The Conflict Between Ethics and Business in any Industry
The ethical decision making in business comes out of the conflicts between what is good for individuals, organizations, and society. These conflicts…
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Ethics and Regulating Ethical Behavior
Morals and ethics involve doing the ‘right’ thing. This may not always be the same as ‘best for the…
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5 Factors Influences on Planning Horizons
Strategic management and strategic planning are often distinguished from operational issues by the length of time concerned, called the…
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Positioning versus Resource-based views of Strategic Advantage
Early prescriptions for strategy emphasized that success lay in ‘fitting’ the organization to its environment better (e.g. satisfying shareholders and…
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Five Types of Strategies in an Organization
Mintzberg provides a framework that describes how strategic plans and incrementalism combine in practice to form strategies. The key…
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Meaning of Bounded Rationality and Incrementalism
Bounded rationality: Strategies are made in conditions of partial ignorance. In practice, managers are limited by time, by the information…
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Ohmae’s Strategic Triangle as an Intuitive Process
The strategic triangle model by Kenichi Ohmae is a model which focuses on 3 key factors for success and must be in balance. Ohmae’s…
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Mintzberg’s Criticisms of Strategic Planning
Henry Mintzberg (The Strategy Process) looked at how the word ‘strategy’ has been used by people who have written about…
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6 Benefits of Strategic Planning in an Organization
Benefits claimed for strategic planning Strategic planning can achieve several purposes:1. Creates a management process to detect and respond to…
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The Rational (prescriptive) Approach to Strategy Formulation
The rational planning approach sought to identify a process by which successful strategy can be formulated. The main stages in…
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