Strategic Management under the Context of Environmental Uncertainty

Thanh Dinh Su, Luc Phan Tan, Thu-Hang Le and Angelina Nhat Hanh Le

Chapter 1 in Emerging and Evolving Business and Management Issues in Vietnam:Research and Practice, 2024, pp 1-42 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Uncertainty is an inevitable aspect of business strategy. This chapter aims to provide a systematic literature review of strategic management under the context of environmental uncertainty by compiling some of the most important problems and difficulties in its strategic management. A total of 725 publications from the Web of Science databases were analyzed in an effort to compile some of the most important problems and difficulties in the strategic management of this issue. Research has explored the dimensions of environmental uncertainty, factors affecting perceived environmental uncertainty, relationships in the context of environmental uncertainty, methods and new approaches to environmental uncertainty, strategies for different types of environmental uncertainty, theoretical problems in strategic management under the context of environmental uncertainty, aspects of strategic management (strategic planning, strategy formulation, and strategy implementation) and environmental uncertainty, and environmental uncertainty management. The results provide an overall picture of strategic management issues within the context of environmental uncertainty in order to suggest possibilities for future research into the problems and solutions, as well as identify more sophisticated approaches to managing uncertainty.

Keywords: Strategic Management; Environmental Uncertainty; Digital Marketing; Marketing and Digital Shift; Cultural Intelligence; Quality Measurement; Prosumption; Transitional Economy; IoT Adoption; Market Orientation; Social Investment; Productivity Growth; Fintech; New Managerialism; Financial Literacy; Digital Literacy; Personal Financial Management; Digital Financial Services; Vietnam (search for similar items in EconPapers)
JEL-codes: F23 F44 M1 M11 M16 M31 (search for similar items in EconPapers)
Date: 2024
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