Playing the Long Game: Implications for Managers

Manuel Hensmans, Gerry Johnson and George Yip
Additional contact information
Manuel Hensmans: ULB
Gerry Johnson: Strategic Management Lancaster University Management School
George Yip: Management China Europe International Business School

Chapter 8 in Strategic Transformation, 2013, pp 187-201 from Palgrave Macmillan

Abstract: Abstract We began this book by arguing that a major challenge facing executives is the avoidance of strategic drift. Businesses become so wedded to the distinctive capabilities that brought them success that they are either blinded to changes in their environment, with the result that their capabilities become outmoded and their strategy redundant; or, if they recognize the changes taking place, they dismiss them because they are so wedded to the strategy they are following. The ability of firms both to exploit the capabilities on which they have built success and to explore new bases of success seems rare. Our interest has been in such exceptional firms (our successful strategic transformers [SSTs]) that developed capabilities upon which they could make transformational changes while retaining high levels of performance. In this chapter, we turn our attention to the implications of our findings for managers and for management practice.

Keywords: Family Firm; Senior Executive; Transformational Change; Dominant Logic; Distinctive Capability (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-26846-4_8

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137268464

DOI: 10.1057/9781137268464_8

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().