Preview

determining strategy capability

Powerful Essays
Open Document
Open Document
8473 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
determining strategy capability
The current issue and full text archive of this journal is available at www.emeraldinsight.com/0262-1711.htm A comparison of strategic planning practices in companies from the UK and Turkey
Keith W. Glaister
Management School, University of Sheffield, Sheffield, UK

Omer Dincer
Turkish Grand National Assembly, Ankara, Turkey

Strategic planning practices
361
Received 3 May 2006
Revised 18 October 2007
Accepted 25 January 2008

Ekrem Tatoglu
Faculty of Business Administration, Bahcesehir University,
Istanbul, Turkey, and

Mehmet Demirbag
Management School, University of Sheffield, Sheffield, UK
Abstract
Purpose – The purpose of this paper is to compare and contrast the nature and practice of strategic planning in two different environmental contexts, the UK and Turkey.
Design/methodology/approach – Employing a structured mail questionnaire, the study collected data from a sample of UK and Turkish firms. Using a sampling frame of 500 firms from the EXTEL database of UK listed companies, 113 usable responses were received for the UK firms. In total, 135 responses were obtained from the Turkish firms based on a sampling frame of 638 firms derived from the database of the Istanbul Chamber of Industry’s 500 largest Turkish manufacturing companies and the database of companies quoted on the Istanbul Stock Exchange.
Findings – There are a number of significant differences between the strategic planning practices of
Turkish firms and UK firms. Contrary to expectations, it appears that Turkish firms rather than UK firms are more favourably disposed to strategic planning. The exception to this is the adoption and use of a range of tools/techniques of strategic analysis, which are more regularly employed by UK firms than by Turkish firms.
Practical implications – Organisations should be aware that strategy formulation is futile without appropriate strategy implementation and should seek a coherent interface between those responsible for the strategic



References: Ackoff, R.L. (1970), A Concept of Corporate Planning, John Wiley & Sons, Chichester. Ansoff, H.I. (1965), Corporate Strategy, McGraw-Hill, Maidenhead. Ansoff, H.I., Declerck, R.P. and Hayes, R.L. (1976), From Strategic Planning to Strategic Management, John Wiley, Chichester. Ararat, M. and Ugur, M. (2003), “Corporate governance in Turkey: an overview and some policy recommendations”, Corporate Governance, Vol Arruda, C. and Hickson, D. (2002), “Managerial decision making: an Anglo-Brazilian comparison”, in Warner, M Axelsson, R., Cray, D., Mallory, G.R. and Wilson, D.C. (1991), “Decision style in British and Swedish organizations”, British Journal of Management, Vol Barney, J.B. (1991), “Firm resources and sustained competitive advantage”, Journal of Management, Vol Bugra, A. (1994), State and Business in Modern Turkey: A Comparative Study, State University of New York University Press, New York, NY. Carr, C. (2005), “Are German, Japanese and Anglo-Saxon strategic decision styles still divergent in the context of globalization”, Journal of Management Studies, Vol Cheah, C.Y.J. and Chew, D.A.S. (2005), “Dynamics of strategic management in the Chinese construction industry”, Management Decision, Vol Falshaw, R.J., Glaister, K.W. and Tatoglu, E. (2005), “Evidence on formal strategic planning and company performance”, Management Decision, Vol Foss, J.N. (1997), “Resources and strategy: a brief overview of themes and contributions”, in Foss, J.N Glaister, K.W. and Falshaw, J.R. (1999), “Strategic planning: still going strong?”, Long Range Planning, Vol Granick, D. (1972), Managerial Comparisons of Four Developed Countries: France, Britain, United States and Russia, MIT Press, Cambridge, MA. Grant, R.M. (1991), “The resource-based theory of competitive advantage: implications for strategy formulation”, California Management Review, Vol Gunduz, L. and Tatoglu, E. (2003), “A comparison of the financial characteristics of group affiliated and independent firms in Turkey”, European Business Review, Vol Hadjit, A. and Moxon-Browne, E. (2005), “Foreign direct investment in Turkey: the implications of EU Accession”, Turkish Studies, Vol Haines, W.R. (1988), “Making corporate planning work in developing countries”, Long Range Planning, Vol Hickson, D. (1987), “Decision making at the top of organizations”, Annual Review of Sociology, Vol Hofstede, G. (1994), Cultures and Organizations, Harper Collins, London. Iseri, A. and Demirbag, M. (1999), “Overcoming stereotyping: beyond cultural approach”, Middle East Business Review, Vol Johnson, G. and Scholes, K. (2002), Exploring Corporate Strategy: Text and Cases, FT Prentice-Hall, Harlow. Kabasakal, H. and Bodur, M. (2002), “Arabic cluster: a bridge between east and west”, Journal of World Business, Vol Kakabadse, A. and Kakabadse, N.K. (2006), “Turkish chairmen: perfecting the art of dialogue with the discipline of governance”, mimeo. Lauter, G.P. (1969), “Sociological-cultural and legal factors impeding decentralization of authority in developing countries”, Academy of Management Journal, Vol Lauter, G.P. (1970), “Advanced management process in developing countries: planning in Turkey”, California Management Review, Vol Learned, E.P., Christensen, C.R., Andrews, K.R. and Guth, W.D. (1965), Business Policy: Text and Cases, Irwin, Chicago, IL. Mallory, G.R., Butler, R.J., Cray, D., Hickson, D.J. and Wilson, D.C. (1983), “Implanted decision-making: American owned firms in Britain”, Journal of Management Studies, Negandhi, A.R. (1983a), “Cross cultural management research: trend and future directions”, Journal of International Business Studies, Vol Negandhi, A.R. (1983b), “The environment and socio-cultural impact on the organizational practices”, Asia Pacific Journal of Management, September, pp Pasa, S.F., Kabasakal, H. and Bodur, M. (2001), “Society, organizations and leadership in Turkey”, Applied Psychology: An International Review, Vol Pearce, J.A., Robbins, D.K. and Robinson, R.B. (1987), “The impact of grand strategy and planning on financial performance”, Strategic Management Journal, Vol Ramazanoglu, H.A. (1985), “A political analysis of emergence of Turkish capitalism, 1839-1950”, in Ramazanoglu, H.A Skinner, G.W. (1964), “A test case in Turkey”, California Management Review, Vol. 6 No. 3, pp Sozen, S. and Shaw, I. (2002), “The international applicability of new public management: lessons from Turkey”, International Journal of Public Sector Management, Vol Steiner, G.A. (Ed.) (1963), Managerial Long-range Planning, McGraw-Hill, Maidenhead. Steiner, G.A. (1979), Strategic Planning, The Free Press, New York, NY. Steiner, G.A. and Cannon, W.M. (1966), Multinational Corporate Planning, Macmillan, New York, NY. Tatoglu, E. and Glaister, K.W. (1998), “An analysis of motives for western FDI in Turkey”, International Business Review, Vol Tayeb, M. (1988), Organizations and National Culture: A Comparative Analysis, Sage, London. Terril, W.A. (1965), “Management organizations and methods in Turkey”, Human Organization, Vol Trompenaars, F. and Hampden-Turner, C. (1998), Riding the Waves of Culture: Understanding Cultural Diversity in Global Business, 2nd ed., McGraw-Hill, New York, NY.

You May Also Find These Documents Helpful