Strategic Management Theory

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This chapter of the research will explore the historical development, philosophical underpinnings, and present state of strategic management research. This will also demonstrate the broad assumptions and implications of several strategic management approaches. Researcher will discover the knowledge and understanding by familiarizing the rich, multi-disciplinary literature in periodicals, journals and research reports on the history of strategic management and its ongoing evolutions in organizations and system. Furthermore, this chapter will provide the command of the wider literature, the ability to compare and contrast theories and concepts with the use of critical thinking that challenges the presuppositions of each theory. The conceptualization…show more content…
For the development of any organization, everyone should be involved in the process: managers and employees need to understand the importance of knowing and realizing the strategic management as a tool for change in order to ensure the development and survival of the market organizations (Amit and Schoemaker, 2012; 322). It is also examined that strategic management is a major challenge for managers and entrepreneurs in all organizations. The space in the market is increasingly competitive because of the numerous and unpredictable factors that act daily on it, increasing the need for a management with guidance in continuous strategic management for business…show more content…
Companies already in Japanese, what an experience big growth economic, the executives read and follow the teachings of the Chinese general Sun Tzu. Arise, ever more, new authors and theories on the subject 1994 Edition of the Book, Fall of the Strategic Planning, Mintzberg, which shows the precariousness of strategic planning concepts, which not was being effective in the role of strategic management, marking the beginning of a new phase of strategy concepts Decade of 90 The two halves of this decade are very different. At first, there is significant resumption of strategic thinking, taking into account all its limitations. In the second half of the decade, with the euphoria of the Internet, some companies completely abandon the strategy, in the opinion of Michael Porter and others make it synonymous with the business transformation. Kaplan & Norton create the Balanced Scorecard. The concepts of CK Prahalad and Gary Hamelon Skills Essential and Architecture Strategic guiding the organizations. Companies seek advantage competitive based on the use of its dynamic

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