scholarly journals Strategic Management Tools and Techniques: A Comparative Analysis of Empirical Studies

2017 ◽  
Vol 19 (1) ◽  
pp. 67-99 ◽  
Author(s):  
Albana Berisha Qehaja ◽  
Enver Kutllovci ◽  
Justina Shiroka Pula
Keyword(s):  
Comparative Analysis ◽  
Strategic Management ◽  
Empirical Studies ◽  
Management Tools ◽  
Tools And Techniques

scholarly journals Strategic Management Tools and Techniques Usage: a Qualitative Review

2017 ◽  
Vol 65 (2) ◽  
pp. 585-600 ◽  
Author(s):  
Albana Berisha Qehaja ◽  
Enver Kutllovci ◽  
Justina Shiroka Pula
Keyword(s):  
Strategic Management ◽  
Performance Management ◽  
Success Factors ◽  
Financial Analysis ◽  
Cost Benefit Analysis ◽  
Empirical Studies ◽  
Synthesis Method ◽  
Empirical Literature ◽  
Management Tools ◽  
Tools And Techniques

This paper is one of the few studies to review the empirical literature on strategic management tools and techniques usage. There are many techniques, tools and methods, models, frameworks, approaches and methodologies, available to support strategic managers in decision making. They are developed and designed to support managers in all stages of strategic management process to achieve better performance. Management schools provide knowledge of these tools. But their use in organizations should be seen in practice‑based context. Consequently, some questions arise: Do they use these strategic tools and techniques in their workplace? Which strategic tools and techniques are used more in organizations? To answer these questions we have made a review of empirical studies using textual narrative synthesis method. Initially, this study presents a tabulation with a summary of empirical research for the period 1990–2015. The included studies are organized clustering them by enterprise size and sector and by country level development. A synopsis of the ten most used strategic tools and techniques worldwide resulted as follows: SWOT analysis, benchmarking, PEST analysis, “what if” analysis, vision and mission statements, Porter’s five forces analysis, business financial analysis, key success factors analysis, cost‑benefit analysis and customer satisfaction.

scholarly journals Investigation of strategic management tools and techniques

2013 ◽  
Vol 61 (4) ◽  
pp. 833-840 ◽  
Author(s):  
Anna Afonina ◽  
Vladimír Chalupský
Keyword(s):  
Strategic Management ◽  
Rank Order ◽  
Data Entry ◽  
Quantitative Approach ◽  
Management Tools ◽  
Essential Information ◽  
Level Of Satisfaction ◽  
Analyse Data ◽  
High Level ◽  
Tools And Techniques

The paper is focused on investigation of strategic managmene tools and techniques used by Czech companies. The quantitative approach was used for the analysis of strategic management tools and techniques. The aim of the quantitative approach was to collect and analyse data about the awareness, satisfaction and utilization of strategic management tools and techniques. The empirical research was conducted via a questionnaire survey of Czech companies. Empirical data were collected from 74 companies in Czech Republic. For the data entry and processing data were used the Statictical package for the Social Science (SPSS). The study presents four groups of tools and techniques based on the perceived results of manager’s utilization and satisfaction. The most of the examined tools and techniques concentrated on the two groups: (1) power tools, this group include the tools and techniques with high level of utilization and high level of satisfaction; (2) rudimentary tools, which includes the tools and techniques with low satisfaction and low utilization. The Spearman rank order correlation coefficient was used to identify the relationship between utilization of strategic management tools and techniques and managerial awareness. The results provide essential information on the application of strategic management tools and techniques, and indicate the level of managerial awareness of strategic management tools and techniques. In addition the findings indicate a positive relationship between the utilization of strategic management tools and techniques and managerial awareness.

The Use of Strategic Management Tools and Techniques

2005 ◽  
pp. 61-90 ◽  
Author(s):  
Andrew Cox ◽  
Chris Lonsdale ◽  
Joe Sanderson ◽  
Glyn Watson
Keyword(s):  
Strategic Management ◽  
Management Tools ◽  
Tools And Techniques

In the shiny world of diamonds and jewelry: all that glitters is not gold!

2018 ◽  
Vol 8 (1) ◽  
pp. 1-30 ◽  
Author(s):  
Ara Azizbekyan ◽  
Virginia Bodolica ◽  
Martin Spraggon
Keyword(s):  
Strategic Management ◽  
Subject Area ◽  
Financial Risks ◽  
Management Tools ◽  
Content Type ◽  
Case Study Analysis ◽  
Trading Company ◽  
The People ◽  
Upper Level ◽  
Tools And Techniques

Subject area Strategic management. Study level/applicability Upper-level undergraduate courses or introductory MBA courses. Case overview The need to diversify the financial risks of his scrap metal business based in Georgia led Levan to invest in a diamond trading company in the UAE. He agreed to be a sleeping partner and provide the capital to Kewon, a diamond specialist with a wealth of experience in the field, in their joint attempt to build an international network of diamond trade. Despite several difficulties faced on the way, their company seemed to generate stable returns for more than five years. Yet following the surprising discovery of multiple organizational inconsistencies, Levan decided to end the partnership with Kewon and establish his own retail jewelry store to be managed by the members of his family. Ultimately, he was confronted with two important decisions regarding both his jewelry business and the diamond company in which he had previously invested a significant amount of capital. The decisions he was about to make were of critical importance for the future of these companies and the people who managed them. By walking readers through a series of triggering events, this case offers the opportunity to evaluate the effectiveness of managerial actions through the application of various strategic management tools and frameworks. Expected learning outcomes Upon completion of this case study analysis, students should be able to: estimate the complexities associated with the management of a partnership-based venture in the context of emerging markets; perform a detailed diagnosis of an entrepreneurial venture, applying relevant strategic management tools and techniques; evaluate the effectiveness of managerial actions and decisions at different stages of the organizational lifecycle; and demonstrate the importance of the strategic adaptation of organizations through the deployment of viable decision-making skills. Supplementary materials Teaching Notes are available for educators only. Please contact your library to gain login details or email [email protected] to request teaching notes. Subject code CSS 11: Strategy.

scholarly journals The Economic Security Assessment of a Road Facility Enterprise

2021 ◽  
pp. 60-79
Author(s):  
L. M. Shirko
Keyword(s):  
Comparative Analysis ◽  
Strategic Management ◽  
Balanced Scorecard ◽  
System Analysis ◽  
Economic Security ◽  
Security Assessment ◽  
Management Tools ◽  
The Balanced Scorecard ◽  
Functional Strategy ◽  
Induction System

The purpose of the article is to identify areas for improving the activities of a road enterprise based on a comprehensive assessment of the level of economic security of the enterprise.Methods. As research methods, the article uses analysis, synthesis, deduction, induction, system analysis, comparative analysis, strategic management tools.Results. The author proposes an interpretation of the economic security system as a type of functional strategy of an enterprise, substantiates indicators for assessing the level of eco-nomic security of an enterprise. Effectively for practice, the directions of increasing the eco-nomic security of the enterprise have been identified.Scientific novelty. The novelty of the author’s approach lies in the application of the balanced scorecard methodology to the construction of indicators for assessing the level of economic security of an enterprise.

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