Dynamics - STRATEGIC MANAGEMENT AND ORGANIZATIONAL DYNAMICS...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
STRATEGIC MANAGEMENT AND ORGANIZATIONAL DYNAMICS 2007
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Strategic Management and organizational Dynamics I. Introduction Changes in the business environment have long been identified as critical factors in managing business organizations. Companies structure themselves internally with regard to environmental conditions. Researches have also identified that organizational forms are linked considerably to their environmental characteristics. In the last 15 to 20 years, there has been enhanced concern among managers and businessmen regarding the increasingly dynamic business and organizational environment and how organizations should identify and react toward changes in their environments. Concerns regarding how organizations should design themselves internally in response to their business environments generated the concept known as strategic management. It is the art of managing organizations to succeed within their environments in the short and long term. However, the science of strategic management has also undergone significant transformation in the last 20 years due to the increasingly dynamic business and organizational environment. Strategic management is viewed from various angles and perspectives that it generated doubts that the traditional view of strategic management is sill relevant. This paper is discussing on the development of the strategic management concept and particularly addressing the differences between a traditional view of strategic management and a dynamic view of strategic management. The paper will also argue on the urgency of the dynamic perspective of strategic management in order to survive the present challenges in business environments. 2
Background image of page 2
II. Traditional Strategic Management and the Logic of Dynamic Strategic Management Researches have long revealed that strategic management is necessary in managing business organizations because of the various factors that affected the course of business developments. Studies have identified that there are many factors that determines whether and organization is to fail or succeed in its environment. Traditional strategic management employs these factors along with the knowledge of the organization’s internal structure, and bring all of them into considerations of a process called strategic thinking. The results of this traditional strategic thinking process are predetermined methods of managing activities within the organization. There are several important occurrences and thoughts in the modern business world that gave boost to the birth of the firsts strategic thinking, they are: Globalization of the business world which mean that companies must work harder and more efficiently to be the best in its environments The increasingly educated and hard to satisfy customers, while satisfying customers is a constant obsession of any business The increasingly competitive environment gave birth to new business concepts like continuous learning and continuous improvement Researches stated that the importance and necessity of strategic thinking and strategic
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 10

Dynamics - STRATEGIC MANAGEMENT AND ORGANIZATIONAL DYNAMICS...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online