Strategic Management as an Essential Part of Business Development and Growth

Silva Aguilar German Israel, Vargas Lopez Erendira Yareth and Lopez Alvarado Noé
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Silva Aguilar German Israel: Faculty of Foreign Trade, University of Colima.
Vargas Lopez Erendira Yareth: Faculty of Foreign Trade, University of Colima.
Lopez Alvarado Noé: Faculty of Foreign Trade, University of Colima.

International Journal of Research and Innovation in Social Science, 2025, vol. 9, issue 6, 3990-3997

Abstract: This critical literature review analyzes strategic management as a fundamental component of business development and growth. It addresses theoretical gaps in the integration of contemporary management tools and leadership approaches. Through a systematic analysis of at least fifteen key theoretical contributions spanning five decades (1970–2023), this study examines the evolution of strategic management conceptualization, identifies limitations in current models, and proposes a more integrated analytical framework. The review reveals three critical gaps: insufficient integration between strategic planning and operational tools such as TQM and BPR; limited contextualization of leadership models for emerging markets; and inadequate consideration of the impact of digital transformation on strategic processes. The main contributions of this study are a comparative synthesis of strategic management approaches, a critical evaluation of implementation challenges, and recommendations for future research directions that focus on SME applications and digital-era adaptations.

Date: 2025
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