2020
DOI: 10.1002/jsc.2365
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The harder firms practice strategic management, the better they are

Abstract: The integrated practice of strategic management, that is the use of the three components of the strategic management process (formulation, implementation, and evaluation) does matter. Firms should plan intensively and pay attention to choosing strategic planning tools that best fit their needs. No matter how sound the formulated plans are, firms will not benefit if these plans are neither implemented nor evaluated correctly. The harder firms practice strategic management, the better their performance and compe… Show more

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Cited by 11 publications
(9 citation statements)
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“…The choice of business development strategy, as a development stage, is an integral part of strategic management, which enables a company to move towards its goal in the best possible way. It is the right choice of strategy that helps manifest the skills of company management, its competence and professionalism [6]. Returning to the stages of working out a strategy, and with consideration for the essence of strategic management, one can see that this activity is based on the collection, processing, analysis and exchange of information both with the internal and external environments.…”
Section: Resultsmentioning
confidence: 99%
“…The choice of business development strategy, as a development stage, is an integral part of strategic management, which enables a company to move towards its goal in the best possible way. It is the right choice of strategy that helps manifest the skills of company management, its competence and professionalism [6]. Returning to the stages of working out a strategy, and with consideration for the essence of strategic management, one can see that this activity is based on the collection, processing, analysis and exchange of information both with the internal and external environments.…”
Section: Resultsmentioning
confidence: 99%
“…Considering the degree to which strategic leaders impact organizational outcomes, Hambrick (2007) stated that strategic leader decisions may result in positive or negative outcomes. As strategic decisions determine organizational competitiveness (Elbanna et al, 2020), it is understandable that indecision impacts organizational level outcomes. In line with this, Samimi et al (2019) found that indecision negatively impacts competitive advantage, growth and performance and it increases performance volatility.…”
Section: Consequences Of Strategic Leader Indecisionmentioning
confidence: 99%
“…It is extensively acknowledged that no matter whether a strategy is emergent or deliberate, planned or unplanned, it will have little eff ect on an organisational performance until it is implemented (Mintzberg, 1994). Th is means that the successful implementation of strategies depends on the particular style of implementation that an organisation decides to adopt, which in turn has important implications for organisational performance (Elbanna et al, 2020). Conceptual studies have developed alternative frameworks for categorising diff erent approaches to strategy implementation (e.g.…”
Section: Strategy Implementationmentioning
confidence: 99%
“…Since cross-sectional design did not allow the study to establish causal associations between the variables, prospective research could take advantage of testing the construct of the present study through a longitudinal research design which would examine causal relationships. Th ere are other factors that have been characterised as important elements of successful implementation, such as external stakeholders, provision of adequate resources, communication, strategic mindset and alignment with the plan (Stewart and Kringas, 2003; Fernandez and Rainey, 2006;Andrews et al, 2011;Elbanna et al, 2020;George, 2021). Future studies could also attempt to measure objective performance attributes, which could help to obtain more impartial results, which capture the actual output of Turkish municipalities.…”
Section: H1amentioning
confidence: 99%