Strategic Management Essays

Strategic Management Essays

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Summary
In management domain, strategic management encompasses identification coupled with definition of strategies. Usually, managers employ these strategies to strive for high performance levels as well as admirable competitive advantage for business establishments. In addition to that, it includes decisions as well as acts managers set about, and which determine the outcome of the organizations’ performance.In this respect, strategic management draws higher profitability if well planned and executed. Incisively, a science is whatever skill that manifests detailed use of facts for a particular purpose. Subsequently, an art is clearly characterized as skill critical for any human tasks. Not only is strategic management a behavioral science, but also is an art, since its application in relative situations involves these two perspectives (Bingham and Eisenhardt 1437-1467).
Introduction
Ordinarily, (Bingham and Eisenhardt 1437-1467) argues that the main function of strategic management is to integrate diverse functional components of an organization wholly, as well as to make sure these functional aspects are in agreement. Basically, this involves application of scientific principles established in management, and execution of activities to meet desired goals.
Literature review
Strategic management as a science
Generally, a science is a taxonomic collection of knowledge about a particular field of study, with universal features which define remarkable development. It simply sets up cause with accompanying effects link among two or more factors, and emphasizes the rationale of the relationship. These principles spring up from scientific methods such as observation along with verification by means of testing. Specifically, a n...


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...8): p125-136. Print.
Hodgkinson, Gerrard and Mark, Healey. Psychological foundations of dynamic capabilities: reflexion and reflection in strategic management. . Strategic Management Journal. John Wiley & Sons Ltd. 32. 13 (2011): 1500-1516.
Leaptrott, John and Michael, McDonald. Assessing managerial decisions using the dual systems theory of reasoning: future challenges for management researchers. Academy of Strategic Management Journal. 2008. Print.
Pugh, Jonathan and Jay, Bourgeois. Doing strategy. Journal of Strategy Management. 4.2 (2011):172-179. Print.
Maranville, Steven. The art of strategic management: A case based exercise. Journal of Management Education. 35. 6 (2011): 782-807. Print.
Zhang, Yan and Nandini, Rajagopalan. Once an outsider, always an outsider? CEO origin, strategic change, and firm performance. Strategic Management Journal. 2009. Print.

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