Literature Review on Strategic Management with Emphasis on Porter’s Theories as Applied in Current Decision Making Abstract This review provides an overview of a few of the key topics that have defined the strategic management field since the later twentieth century. Strategic planning‚ strategic planning frameworks and strategy implementation issues are discussed both from a historical and modern perspective. Michael Porter’s frameworks and generic strategy provide an excellent backdrop
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LITERATURE REVIEW 2.0 BACKGROUND While virtual learning environments have been available in some capacity since 1960‚ “the PLATO system featured multiple roles‚ including students who could study assigned lessons and communicate with teachers through on-line notes‚ instructors‚ who could examine student progress data‚ as well as communicate and take lessons themselves‚ and authors‚ who could do all of the above‚ plus create new lessons” (Wikipedia‚ 2006a‚ 1960s section‚). Learning management systems
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Abstract This literature review explores more than 20 articles which report research conducted on Organizational Citizenship Behavior (OCB) and their predictors. Since the 1980s there has been a proliferation on research on this topic. The list of possible predictors/antecedents related to OCB is consequently extensive‚ including variables such as: perception of fairness‚ job satisfaction‚ organizational politics‚ organizational commitment‚ supportive leadership‚ personality‚ and the like. I will
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Chapter 1: Basic Concepts * Strategic Management: set of managerial decisions and actions that determine the long-run performance of a corporation. * Phases of Strategic Management: * Phase 1: Basic financial planning * Phase 2: Forecast-based planning * Phase 3: Externally oriented planning * Phase 4: Strategic Management * Benefits of Strategic Management: * Clearer sense of strategic vision for the firm * Sharper focus on what is strategically
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2 Review of Related Literature 2.1 The Significance of Using Models A model is a schematic description of a system‚ theory‚ or phenomenon that accounts for its known or inferred properties and may be used for further study of its characteristics. Thus in organizational models are schematic description of an organization as a system of different components. Models are important in organizational study because of the following reasons: • They enhance understanding of organizational behavior.
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Literature review of strategy implementation and strategy process frameworks Introduction Great strategies are worth nothing if they cannot be implemented (Okumus and Roper 1999). It can be extended to say that better to implement effectively a second grade strategy than to ruin a first class strategy by ineffective implementation. Less than 50% of formulated strategies get implemented (Mintzberg 1994; Miller 2002; Hambrick and Canella 1989). Every failure of implementation is a failure of formulation
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Lund Institute of Economic Research Working Paper Series Knowledge Management and Organizational Learning: Fundamental Concepts for Theory and Practice 2005/3 Ron Sanchez Ron Sanchez‚ Professor of Management Copenhagen Business School‚ Solbjergvej 3 - 3rd floor‚ DK-2000 Frederiksberg‚ Denmark‚ sanchez@cbs.dk Lindén Visiting Professor in Industrial Analysis‚ Institute of Economic Research‚ Lund‚ Sweden Abstract This paper investigates several issues regarding the nature‚ domain‚ conceptual
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actors webs of beliefs and habits of action to accommodate new experiences obtained through interactions. This means that people/animals alter the way they think and behave in order to adapt to new situations. For organisational purposes‚ change can be defined as the process of continually renewing organisations direction‚ structure and capabilities to serve the ever changing needs of external and internal customers (Moran and Brightman 2001111).Due to the increase in Globalisation and the advances
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(Lit Review) Several studies have shown the importance of strategic communication in an organization. According to “The Strategic Communication Plan‚” written by Chris Hoover‚ “Strategic communication entails packaging a core message that reflects an agency’s overall strategy‚ values‚ purpose‚ and mission to persuade key stakeholders and enhance positioning.” Strategic communication is a process that involves much more than merely communicating with a co-worker. There are several steps in implementing
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CHAPTER TWO 2.0 LITERATURE REVIEW 2.1 Introduction Over the last two decades‚ Performance Information‚ its implementation and presentation to the end users which directly refers to the subject of performance measurement (PM) has gained increasing interest and recognition in the general management literature‚ leading Neely (1999)‚ when referring to the many contributions on the subject‚ to talk about the Performance Measurement Revolution. He demonstrated that between
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