The coordinated strategy for the optimization of the interaction level of business model
Walter Amedzro St-Hilaire and
Patrick Boisselier
Journal of Economic and Administrative Sciences, 2019, vol. 35, issue 2, 79-93
Abstract:
Purpose - The purpose of this paper is to analyze the variables improving the business model and provide a theoretical basis for the scientific implementation of the current financial strategy. Design/methodology/approach - According to the principle of testability, availability and correlation, the annual data are uses to measure the interaction level of business system in order to accurately reflect the evolution of the financial decision, and explore the main factors restricting the multiple strategies coordination. Findings - The promotion of business growth relies mainly on the coordinated development of innovation, industries, consumption, investment and export. Further transformation and upgrading is one of the paths to achieve the coordinated development of financial strategy multiple objectives. The irrational business structure is the main obstacle to that coordination. Research limitations/implications - In future research, it may be possible to identify “a financial broader strategy impact discussion for impact on Basel, IMF/World Bank and Capital Foundations or other regulatory strategies to avert future economic crises.” If so, it should be possible for financial institutions to use the results of research examining antecedents to better manage their experiences so as to foster the development of the desired strategies. Practical implications - The initiatives taken to try to clarify the variables improving the business model and provide a theoretical basis for the scientific implementation of the current financial strategy show how complex it seems to identify practices and those to be developed as a priority. Institutions tend to adopt an increasingly wide range of commonly accepted strategical practices, such as coordinated-determining practices, without really knowing the effect of their interaction on efficient Management processes. In this regard, this paper provides practical advice that may assist successful adaptation for institutions leaders. The study provides new insights into the understanding of the coordinated strategy mechanisms that can influence the optimization of the interaction level of decision control and promote the effectiveness of managerial practices in determining the business model. Always in terms of practical implications, the findings from this paper may be particularly pertinent for managers in public administration and institutional decision makers in many countries across the world where traditionally, the administrators may be more business-intelligence-averse than their counterparts in the private sectors. The specificities of such business model as regarding their constraints concerning the coordinated strategy may reflect at both structural as well as individual levels, considering the predominantly rigid nature of the planning in many configuration. Originality/value - The conclusion provides a theoretical basis for the scientific implementation of the current monetary strategy.
Keywords: Decision making; Strategic management; Financial administration; Managerial economics; F29; M16; M19; M21; M29; M51 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jeaspp:jeas-08-2017-0080
DOI: 10.1108/JEAS-08-2017-0080
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