Strategy Making and Implementing

Lourdesamy Iruthayasamy ()

Chapter Chapter 2 in Understanding Business Strategy, 2021, pp 27-45 from Springer

Abstract: Abstract This chapter explores deeper into the meaning of strategy through the theme ‘Strategy Making and Implementing’. Specifically, it focuses on strategic thinking, strategic analysis, and strategic planning. Major works on these concepts are reviewed and assessed, including the contributions of Ohmae, Hamel and Prahalad, Mintzberg, and Rumelt. Asian and Western modes of thinking are noted. The impact of values and beliefs on strategic thinking and analysis is discussed. The decision making process and the limitations of rational decision making are explored. Do strategies come from strategic planning or ‘emerge’ is examined. Implementation is the graveyard of strategies. The problems in strategy implementation are reviewed, with particular reference to Porter, Mintzberg, and Kim and Mauborgne. Challenges like whether strategic thinking can be modelled and taught is also taken up. Together with Chap. 1 , the parameters of strategy become clearer. The confusion and consensus in the understanding of strategy become more apparent.

Date: 2021
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:spr:sprchp:978-981-33-6542-1_2

Ordering information: This item can be ordered from
http://www.springer.com/9789813365421

DOI: 10.1007/978-981-33-6542-1_2

Access Statistics for this chapter

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