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The harder firms practice strategic management, the better they are

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submitted on 2023-03-15, 08:03 and posted on 2023-03-16, 06:23 authored by Said Elbanna, Bakheet Al Katheeri, Mustafa Colak

The integrated practice of strategic management, that is the use of the three components of the strategic management process (formulation, implementation, and evaluation) does matter. Firms should plan intensively and pay attention to choosing strategic planning tools that best fit their needs. No matter how sound the formulated plans are, firms will not benefit if these plans are neither implemented nor evaluated correctly. The harder firms practice strategic management, the better their performance and competitiveness will be.

Other Information

Published in: Strategic Change
License: http://creativecommons.org/licenses/by/4.0/
See article on publisher's website: http://dx.doi.org/10.1002/jsc.2365

History

Language

  • English

Publisher

Wiley

Publication Year

  • 2020

Institution affiliated with

  • Qatar University

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