scholarly journals THE IMPORTANCE OF GE TOOL IN CHOOSING AND ASSESSING BUSINESS STRATEGY

2019 ◽  
Vol 26 (6) ◽  
pp. 1591-1596
Author(s):  
Elvis Elezaj ◽  
Njomza Elezaj
Keyword(s):  
Strategic Planning ◽  
Strategic Management ◽  
Research Methods ◽  
Empirical Analysis ◽  
Business Strategy ◽  
Strategic Issues ◽  
The Impact ◽  
Evaluation Techniques ◽  
Selection Of ◽  
International Companies

The purpose of this paper is to recognize the importance of future forecasting, namely the process of strategic formulation (evaluation and selection of strategic alternatives), and the impact that this dimension can have in our business. However, during the compilation of this research, a number of research methods and studies have been used on applying evaluation techniques and selecting the strategy as an IE matrix, in international companies and application opportunities in Kosovo businesses. The study focuses on ways of strategic planning in local enterprises, their impact and results achieved. What this research tries to highlight is the ability to apply dimensions of the IE matrix and the correlation between matrix boxes and businesses. The model of this paper will include studies of international and local cases in order to derive an empirical analysis of data, where matrices will represent how we use strategic issues and how we strive to predict future and competitiveness. Regarding the concept of forecasting and competition, this segment is very dynamic and turbulent that the changes are visible, so through these techniques we will try to identify the environment and the ways of evaluating it. Therefore, the size of strategic management is a necessary and vital field for companies to plan their future and foresee the environment in which they operate so that their movements and actions can be realized with a loyal and honest competition.

Dampak Covid 19 Terhadap Praktik Jual-Beli:

2020 ◽  
Vol 5 (1) ◽  
pp. 27-47
Author(s):  
Sitti Aisyah. M Aisyah ◽  
Sappaemi
Keyword(s):  
Qualitative Research ◽  
Research Methods ◽  
Business Strategy ◽  
Qualitative Research Methods ◽  
Business Practice ◽  
Corona Virus ◽  
The Impact ◽  
Islamic View

The Corona virus pandemic exploited by irresponsible elements.  They do a cunning business strategy, which is to hoard goods, in fiqhi terms known as iḥtikār. In the Islamic view, iḥtikār is a prohibited business practice and will be met with a painful punishment in the afterlife.  The purpose of this paper is to provide an understanding about the impact of COVID 19 on the practice of buying and selling (iḥtikār).  This paper uses qualitative research methods in the form of library reseach using the shar'i approach.  From this study it can be concluded that the behavior of hoarding goods with the aim of reselling them at high prices to obtain large profits.  In Islamic Shari'ah, iḥtikār‘s law is haram because it contains elements that harm others.  This is very clearly stated in QS al-Humazah/109: 1-2 and punished by sin as stipulated in the hadith of the Messenger of Allah.

Balanced Scorecard in the strategic planning of a construction company

2018 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Roberth Frias ◽  
Maria Medina
Keyword(s):  
Strategic Planning ◽  
Strategic Management ◽  
Balanced Scorecard ◽  
Organization Theory ◽  
Management Control ◽  
Management Tool ◽  
The Balanced Scorecard ◽  
Construction Company ◽  
Construction Companies ◽  
The Impact

This research focused on the strategic management tool Balanced Scorecard and strategic planning, as a guide to guide the management of companies, allowing communication and the functionality of the strategy using KPIs that allow to identify, maintain control and increase efficiency and the achievement of optimal results. For the deductive hypothetical analysis, the specific factors that affect business management performance were grouped into two variables: Balanced Scorecard and Strategic Planning. The objective of the work was to demonstrate the impact of the Balanced Scorecard in the strategic planning of a construction company. In order to support the research, the following theories were approached: the Financial Theory, the Economic Theory of the Company, the Transaction Costs, the Network Theory, the Organization Theory, the Dependence on Resources, the Strategic Management Theory and the Business Diagnosis Theory. The result obtained confirms the hypothesis that there is a significant incidence of the Balanced Scorecard in the strategic planning of construction companies. In conclusion, the construction company has obtained significant improvements in the results in each of the indicators evaluated with the implementation of the Balanced Scorecard, demonstrating improvements in their management results, affirming that there is better performance and management control allowing them to achieve the organizational objectives set.

scholarly journals Mapping the State of the Art on Green Logistics and Institutional Pressures: A Bibliometric Study

2018 ◽  
Vol 7 (2) ◽  
pp. 1
Author(s):  
Tiago Henrique De Paula Alvarenga ◽  
Carlos Manuel Taboada Rodriguez ◽  
Claudia Cecilia Peña-Montoya
Keyword(s):  
Research Methods ◽  
System Development ◽  
Institutional Pressures ◽  
Research Centers ◽  
Green Logistics ◽  
The Usa ◽  
The Subject ◽  
Number Of Citations ◽  
The Impact ◽  
Selection Of

This article aims to build knowledge on the theme “green logistics” and “institutional pressures”, focused on identifying opportunities on its research topic. We used the ProKnow-C intervention instrument, resulting in the selection of 11 relevant articles that came to represent the bibliographic portfolio. Therefore, the bibliometric indicators based on the most prominent journals, the impact factor, the number of citations, the origin of the research centers, the research methods/tools, the most used terms and the subjects covered were used to analyze the articles selected. research in the form of networks. The results showed that the most prominent journal is the International Journal of Production Economics; the article with the largest number of citations (343 citations) is written by Sameer Kumar and Valora Putnam. In relation to the origin of the research centers there was a diversity of institutions of various nationalities, the USA being the country with the largest number of institutions, followed by United Kindon and Malaysia. As for the research methods, we have identified literature reviews, case studies, surveys, conceptual framework proposal and monitoring system development. In relation to the mapping and research networks, we highlight terms such as logistic, regulatory pressure, practice, driver, economic performance, institutional pressure, among other relevant terms. In this context, this information can “shed light” on interested parties and researchers on the subject in order to conceptualize, interpret and visualize their relevance, as well as the coverage networks and related researches.

The Role of Intellectual Property Protection in the Business Strategy of University Spin-Off Biotech Companies in a Small Transition Economy

2007 ◽  
Vol 32 (1) ◽  
pp. 19-40 ◽  
Author(s):  
Tõnis Mets ◽  
Merike Leego ◽  
Tiit Talpsep ◽  
Urmas Varblane
Keyword(s):  
Intellectual Property ◽  
Business Strategy ◽  
Transition Economy ◽  
Intellectual Property Protection ◽  
Transition Country ◽  
Low Costs ◽  
Break Even Point ◽  
The Impact ◽  
Selection Of

AbstractSpin-off biotech companies often have difficulties in creating competitive advantage through protection of their intellectual property, due to their limited human and financial resources. Having considered the value of the intellectual property and questions of enforceability, spin-off companies should use patenting only for inventions with a high market value and high patent enforceability; otherwise, publishing early or keeping the invention a trade secret should be preferred. This allows the inventor to benefit from operational freedom while maintaining low costs. The impact of the protected intellectual property on the success of the firm depends on its speed of entry into the market and when it reaches break-even point. In a transition country with a poorly developed entrepreneurial environment, patents may expire before the spin-off company has produced any profit from its expenditures on the protection of the intellectual property. It should also be remembered that their products may contain modules which are already protected by other inventors. Consequently, a strategically fundamental issue for the success of spin-off firms is the careful selection of the markets in which to operate, and the choice of the proper degree and method of intellectual property protection.

scholarly journals Business Strategy during Crisis

2020 ◽  
Vol 14 (1) ◽  
pp. 263-272
Author(s):  
Hezi Shayb ◽  
Radu Muşetescu
Keyword(s):  
Strategic Management ◽  
Crisis Management ◽  
Business Strategy ◽  
Soft Skills ◽  
Decision Makers ◽  
Sense Experience ◽  
Business Decision ◽  
Management Literature ◽  
The Impact ◽  
Business Crisis

AbstractDrawing from a body of strategic management literature, we explore the approaches proposed by theory and available to business decision makers during crisis. We argue that there is no real theory of success of management during crisis but only broad principles that should be followed. In a certain sense, experience and intuition – what could be called soft skills – are as important as hardcore economics. Moreover, the metrics of measuring crisis and the impact of decisions during such circumstances are to be further explored and divided in a comprehensive taxonomy. Despite its popular use, crisis management is at the start of its development. The authors advance both an approach as well as a tool for supporting decisions during business crisis.

Strategic Management in Public Administration

2020 ◽  
Author(s):  
John Bryson ◽  
Bert George
Keyword(s):  
Strategic Planning ◽  
Strategic Management ◽  
Public Administration ◽  
Public Organizations ◽  
Management Systems ◽  
Management Approach ◽  
Issues Management ◽  
Strategic Learning ◽  
Strategic Issues ◽  
Planning And Management

Strategic management is an approach to strategizing by public organizations or other entities that integrates strategy formulation and implementation, and typically includes strategic planning to formulate strategies, ways of implementing strategies, and continuous strategic learning. Strategic management can help public organizations or other entities achieve important goals and create public value. Strategy is what links capabilities and aspirations. Four broad types of strategists (as individuals, teams, organizations, and collaborations) in public administration exist: the reactor (low aspirations, low capabilities), the dreamer (high aspirations, low capabilities), the underachiever (low aspirations, high capabilities) and the savvy strategist (high aspirations, high capabilities). There are eight approaches to strategic planning. More comprehensive process approaches include those influenced by the Harvard Policy Model, logical incrementalism, and stakeholder management. More partial process approaches include strategic negotiations, strategic issues management, and strategic planning as a framework for innovation. Finally, two content approaches also exist, namely, portfolio and competitive forces analyses. Seven approaches to strategic management systems can be discerned. These include: the integrated units of management approach (or layered or stacked units of management), strategic issues management approach, contract approach, collaboration approach (including the lead organization, shared governance, and network administrative organization approaches), portfolio management approach, goal or benchmark approach, and hybrid approaches. Strategic planning and management are approaches to identifying and addressing challenges. Neither is a single invariant thing but is instead a set of concepts, processes, procedures, tools, techniques, and practices (and structures in the case of strategic management systems) that must be drawn on selectively and adapted thoughtfully and strategically to specific contexts if they are to help produce desirable results. While there are a variety of generic approaches to both, the boundaries among them are not necessarily clear, and strategic planning and management in practice are typically hybridic. Research is accumulating about which approaches to strategic planning and management work under which circumstances, how, and why, but much work remains to be done.

scholarly journals STRATEGIC MANAGEMENT IN ECONOMIC SYSTEMS OF TRANSITIVE COUNTRIES

2021 ◽  
Author(s):  
Arkadii Sukhorukov ◽  
Olga Sukhorukova
Keyword(s):  
Strategic Planning ◽  
Strategic Management ◽  
Open Economy ◽  
Transition Countries ◽  
Economic Systems ◽  
Economic Science ◽  
Logistics Strategy ◽  
Interregional Cooperation ◽  
The Impact ◽  
Structural Diversification

The evolution and structural aspects of strategic management are considered. The role of strategic management in managing changes in the economy of transition countries, where economic structures have been disintegrated, is revealed. The most significant relationships between strategic forecasting and strategic planning, as well as between strategic management and specific types of management are analyzed. The general algorithm of strategic planning and strategic management in economic systems, and also terminology in the researched field of knowledge is defined. The problems of strategic management arising from the narrowing of the structure of the economy of transition countries are studied. The relationship between the functional diversity of strategic management and structural diversification of the national economy is revealed. Emphasis is placed on new directions of economic science development that will influence the theory of strategic management. The main types of strategy of economic systems operating in the conditions of open economy and globalization are substantiated. The necessity of applying the principles of hierarchy and iterative approach in the process of strategic management is proved. Classified typical features of strategic management that distinguish it from current management by the nature of the impact. The author's model of strategic planning on the example of optimization of the innovative program of the enterprise by means of methods of linear programming is given. Substantiated recommendations on strategic priorities and institutional mechanisms that will help increase the effectiveness of strategic management based on the structural diversification of the economy of Ukraine, its regions and enterprises. Among the strategic priorities, the main attention is paid to the following priorities: modernization of the real sector of the economy; state support of enterprises that reinvest profits in innovation; equalization of regional disparities on the basis of strategy of specialization and interregional cooperation; formation of national and transnational clusters; involvement of Ukraine in the European policy of specialization and digitalization; implementation of international communication projects and long-term logistics strategy.

Strategic Management, Evolutionary Economics, and Complex Adaptive Systems

2010 ◽  
pp. 1876-1893
Author(s):  
Carl Henning Reschke ◽  
Sascha Kraus
Keyword(s):  
Strategic Planning ◽  
Strategic Management ◽  
Complex Adaptive Systems ◽  
Adaptive Systems ◽  
Evolutionary Economics ◽  
Relevant Literature ◽  
Research Issues ◽  
Evolutionary Theories ◽  
Complex Adaptive ◽  
Selection Of

This chapter sketches a strategic map of a selection of the relevant issues at the intersection of economics, psychology, sociology, and evolutionary theories applied to strategic management. It takes an evolutionary complexity perspective, based on a (manageable) selection of the relevant literature. The discussion focuses on evolutionary processes of change and their implications for strategic planning and related issues of organisation. The chapter concludes by discussing practical and research issues.

Strategic Management, Evolutionary Economics, and Complex Adaptive Systems

2008 ◽  
pp. 206-228
Author(s):  
Carl Henning Reschke ◽  
Sascha Kraus
Keyword(s):  
Strategic Planning ◽  
Strategic Management ◽  
Complex Adaptive Systems ◽  
Adaptive Systems ◽  
Evolutionary Economics ◽  
Relevant Literature ◽  
Research Issues ◽  
Evolutionary Theories ◽  
Complex Adaptive ◽  
Selection Of

This chapter sketches a strategic map of a selection of the relevant issues at the intersection of economics, psychology, sociology, and evolutionary theories applied to strategic management. It takes an evolutionary complexity perspective, based on a (manageable) selection of the relevant literature. The discussion focuses on evolutionary processes of change and their implications for strategic planning and related issues of organisation. The chapter concludes by discussing practical and research issues.

scholarly journals STRATEGIC MANAGEMENT AND FORMATION OF POSITIVE IMAGE OF BUSINESS ENTITIES

2021 ◽  
Author(s):  
Iryna Kolokolchykova
Keyword(s):  
Strategic Planning ◽  
Strategic Management ◽  
The State ◽  
Competitive Advantages ◽  
State Management ◽  
Positive Image ◽  
Business Entities ◽  
Partner Relations ◽  
Fierce Competition ◽  
The Impact

This article reviews the approaches of strategic management and planning of activities of economic entities. The necessity of strategic management for achieving economic results of state management entities at all levels from the state to the enterprise and individual strategic units is substantiated. It is seen that for each subject of state management has its own goals and objectives, so the choice of models of strategic planning vary. The basic models are: a model for assessing "strategic gap" and its size; a model for analyzing the impact of market advantages; a model for creating competitive advantages of the product and the company itself; a model for creating a positive image; a model for planning, based on the size of the company. The evaluation indicators of basic models of strategic planning, most of which are: profit, profitability level. It is established that the efficiency of work of the state management subjects depends on the term of activity of the enterprise, and on its production potential. If the enterprise has a small size and term of work, then it uses the model of planning and achieves an increase in the main economic indicators. If the company is larger in size and has a long production experience, a lot of models can be used in strategic planning. Particular attention in conditions of fierce competition is given to the models of creating competitive advantages and positive image. These models of strategic planning are indispensable for maintaining market positions today. The results of their application are adoption of strategic managerial decisions concerning differentiation and diversification of production, steps for creation of positive image, development of social programs, improvement of partner relations with all market operators, branding. The key aspects of the effectiveness of using models of strategic planning and tensions of implementation of strategic management. As a result, it was found that most of the results are aimed at increasing profitability of economic entities, creating new or expanding the existing segments of the market. The importance of creation of competitive advantages as a constituent part of positive image of the enterprise and attraction of investments into business development was substantiated.

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