Speed and Potential Breakdown in the Process of Strategic Renewal

Volker Mahnke and John Harald Aadne

No 97-10, IVS/CBS Working Papers from Department of Industrial Economics and Strategy, Copenhagen Business School

Abstract: This paper suggest that successful strategic renewal involves three subprocesses, namely (1) facilitating strategic imagination, (2) developing of common ground among top management and middle management, and (3) coordinating strategic action. The management of and the linkage between the three sub-processes of strategic renewal has to consider potential breakdowns (language barriers, unclear contribution to common grounds, competing common grounds). Further, it is suggested that the careful management of speed is at the heart of achieving successful strategic renewal and avoiding breakdown. We identify key variables influencing the speed of the strategic renewal process (subjective time, participation) and explain what trade offs managers face when they try to slow down or speed up the process of strategic renewal.

Keywords: competence; learning: renewal; incentives (search for similar items in EconPapers)
JEL-codes: D83 L21 O31 (search for similar items in EconPapers)
References: Add references at CitEc
Citations:

Downloads: (external link)
http://ep.lib.cbs.dk/download/ISBN/8778690153.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to ep.lib.cbs.dk:80 (No such host is known. )

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:ivs:iivswp:97-10

Access Statistics for this paper

More papers in IVS/CBS Working Papers from Department of Industrial Economics and Strategy, Copenhagen Business School
Bibliographic data for series maintained by J. Petur Joensen ( this e-mail address is bad, please contact ).