Conceptual Frameworks of Strategic Management

Wang Xiaoyang () and Noor Azuan Hashim ()
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Wang Xiaoyang: Universiti Kebangsaan
Noor Azuan Hashim: Universiti Kebangsaan

Foresight and STI Governance (Foresight-Russia till No. 3/2015), 2023, vol. 17, issue 3, 78-87

Abstract: Plentiful works have been devoted to theories and practices of business management, but comparative studies of their advantages and limitations are rarely carried out. In an attempt to fill this gap, the article provides a systematic analysis of management concepts that have gained the major attention in recent years. The search was carried out using the Web of Science database. Ten theories were selected and analyzed in detail, which are the considered most frequently within selected body of articles. The spheres of their application, advantages and limitations, connections between them are indicated. This study deepens the understanding of the theories of entrepreneurship management and shows which of them are the most prolific for improving the efficiency and competitiveness of enterprises and shaping their strategic vision of the future. Directions for further research are shown to overcome the limitations of the presented concepts.

Keywords: business management; strategic management; management concepts; theory of variable practice; evidence theory; game theory; business practices; stakeholders (search for similar items in EconPapers)
JEL-codes: Z13 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:hig:fsight:v:17:y:2023:i:3:p:78-87

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