Modelling the strategy management process

Abstract

Businesses face increasing competition in local, international and global markets where responsiveness to changes within these markets is the key to success and survival. Consequently business strategies need to be consistently re‐defined to effectively reflect the different requirements of customers and to respond to changes in the business environment. The process of generating strategies is not always a simple decision‐making task and revised business and corporate strategies are often generated without considering the structure of the business, particularly at operational level. Furthermore, there is considerable vagueness in the literature and in practice about what constitutes strategy management. This paper reviews the diverse literature in strategy management and presents a business process model of the strategy generation process to ensure consistent generation and communication of strategy throughout an organisation. The performance of a business strategy can then be measured against a model of initial alignment and effective implementation.

A Process-Oriented Organization Creation and Retention Model and its Relation With Planning School Formation (Case Study: Iran Khodro Co.)

“…Many researches are conducted about BPR balance, so that advocates of permanent improvement approach consider BPR as a destructive and hasty technique and think it is a barrier for the formation of a process-oriented organization (Munive-Hernandez et al, 2004). Association of Business Process Management Professionals (ABPMP) also considers BPM as a management discipline emphasizing organizational processes (Munive-Hernandez et al, 2004).…”

“…Association of Business Process Management Professionals (ABPMP) also considers BPM as a management discipline emphasizing organizational processes (Munive-Hernandez et al, 2004).…”

“…Mintzberg believes that organizational view plays an important role to form a strategy. Therefore, he proposes prescriptive schools, especially planning school, in a formal positivistic view to organization (Munive-Hernandez et al, 2004;Skrinjar and Trkman, 2013).…”

Competitive analysis of outdoor ornamental plants sector: a case study of Konya province, Turkey

“…Competitive power increasing strategies of enterprises in a sector is defined as "to get position in order to maximize abilities distinguishing company from its opponents" (Munive Hernandez et al 2004). Developing a competition strategy is to make a general formula regarding how a company shall act, what targets it shall have and which policies are required to achieve these targets.…”

Activity-Based Costing: Helping Small and Medium-Sized Firms Achieve a Competitive Edge in the Global Marketplace

“…Over the past few years, global competition, volatile markets, and a demanding cost accounting environment have put pressure on SMEs which, in many cases, threatens their success [19,20]. Small firms lack access to technology, knowledge about modern accounting techniques, and financial backing, and are sometimes impeded by local and regional laws and regulations [21].…”