Processes of Strategic Renewal, Competencies, and the Management of Speed

Volker Mahnke and John Harald Aadne

No 98-20, DRUID Working Papers from DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies

Abstract: We discuss strategic renewal from a competence perspective. We argue that the management of speed and timing in this process is viewed distinctively when perceived through a cognitive lens. Managers need more firmly grounded process-understanding. The key idea of this paper is to dynamically conceptualize key activities of strategic renewal, and possible sources of break-down as they relate to the managment of speed and timing. Based on a case from the media industry, we identify managerial trade-offs and show how these can be influenced through managing subjective perception, strategic involvement and external knowledge-sourcing.

Keywords: Strategic Renewal; Process; Learning; Knowledge-Sourcing (search for similar items in EconPapers)
JEL-codes: L21 L61 O33 O34 (search for similar items in EconPapers)
Date: 1998
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