Related Research Articles
In the field of management, strategic management involves the formulation and implementation of the major goals and initiatives taken by an organization's managers on behalf of stakeholders, based on consideration of resources and an assessment of the internal and external environments in which the organization operate. Strategic management provides overall direction to an enterprise and involves specifying the organization's objectives, developing policies and plans to achieve those objectives, and then allocating resources to implement the plans. Academics and practicing managers have developed numerous models and frameworks to assist in strategic decision-making in the context of complex environments and competitive dynamics. Strategic management is not static in nature; the models can include a feedback loop to monitor execution and to inform the next round of planning.
A core competency is a concept in management theory introduced by C. K. Prahalad and Gary Hamel. It can be defined as "a harmonized combination of multiple resources and skills that distinguish a firm in the marketplace" and therefore are the foundation of companies' competitiveness.
INSEAD, a contraction of "Institut Européen d'Administration des Affaires" is a non-profit business school that maintains campuses in Europe, Asia (Singapore), the Middle East, and North America. As a graduate-only business school, INSEAD offers a full-time Master of Business Administration, an executive MBA (EMBA), a Master of Finance, a PhD in management, a Master in Management, Business Foundations Post-Graduate degrees, and a variety of executive education programs.
Gary P. Hamel is an American management consultant. He is a founder of Strategos, an international management consulting firm based in Chicago.
Harvard Business Review (HBR) is a general management magazine published by Harvard Business Publishing, a wholly owned subsidiary of Harvard University. HBR is published six times a year and is headquartered in Brighton, Massachusetts.
Sumantra Ghoshal was an Indian scholar and educator. He served as a Professor of Strategic and International Management at the London Business School, and was the founding Dean of the Indian School of Business in Hyderabad.
Coimbatore Krishnarao Prahalad was an entrepreneur and author. He was the Paul and Ruth McCracken Distinguished University Professor of Corporate Strategy at the University of Michigan Stephen M. Ross School of Business.
The bottom of the pyramid, bottom of the wealth pyramid or the bottom of the income pyramid is the largest, but poorest socio-economic group. In global terms, this is the 2.7 billion people who live on less than $2.50 a day.
Strategic foresight is a planning-oriented discipline related to futures studies. In a business context, a more action-oriented approach has become well known as corporate foresight.
Blue Ocean Strategy is a book published in 2004 written by W. Chan Kim and Renée Mauborgne, professors at INSEAD, and the name of the marketing theory detailed on the book.
The resource-based view (RBV) is a managerial framework used to determine the strategic resources a firm can exploit to achieve sustainable competitive advantage.
Vijay Govindarajan, popularly known as VG, is the Coxe Distinguished Professor at Dartmouth College's Tuck School of Business and Marvin Bower Fellow, 2015–16 at Harvard Business School. He is a Faculty Partner in the Silicon Valley Incubator Mach49. He worked as General Electric's innovation consultant and professor in residence from 2008 to 2010. He is a New York Times and Wall Street Journal best-selling author and a two-time winner of the McKinsey Award for the best article published in Harvard Business Review. VG was inducted into the Thinkers 50 Hall of Fame in 2019 for his life-long work dedicated to the field of management, strategy, and innovation. VG received Thinkers 50 Distinguished Achievement Awards in two different categories: Breakthrough Idea Award in 2011 and Innovation Award in 2019.
Kenneth Richmond Andrews, was an American academic who, along with H. Igor Ansoff and Alfred D. Chandler, was credited with the foundational role in introducing and popularizing the concept of business strategy.
Business partnering is the development of successful, long term, strategic relationships between customers and suppliers, based on achieving best practice and sustainable competitive advantage. In the business partner model, HR professionals work closely with business leaders and line managers to achieve shared organisational objectives. In practice, the business partner model can be broadened to include members of any business function, for example, Finance, IT, HR, Legal, External Relations, who act as a connector, linking their function with business units to ensure that the technical, or functional, expertise they have to offer is placed within the real and current concerns of the business to create value.
A multidimensional organization is an organization that pursues its objectives simultaneously through multiple dimensions.
W. Chan Kim is a South Korean business theorist. He is a Professor of Strategy and Management at INSEAD, and co-director of the INSEAD Blue Ocean Strategy Institute in Fontainebleau, France. He is known as co-author of the 2005 book Blue Ocean Strategy.
Christopher A. Bartlett is an Australian organizational theorist, and Emeritus Professor of Business Administration at the Harvard Business School, known for his work on multinational corporation and transnational management with Sumantra Ghoshal.
Hubert Gatignon is a professor of marketing at INSEAD. According to Google Scholar, Gatignon has an i10-index of 57.
Renée Mauborgne is an American economist and business theorist. She is a professor of strategy at INSEAD, a business school based in France. Mauborgne is also the co-director of the Fontainebleau-based INSEAD Blue Ocean Strategy Institute. She is known as co-author of the 2005 book Blue Ocean Strategy.
Alessandro Di Fiore was an Italian entrepreneur, founder of ECSI, a consulting firm. He also served as the chairman of Harvard Business Review Italia. Di Fiore was best known for developing the “Insight-Driven” Organisation concept and writing the foreword to the book “Strategia Oceano Blu – Vincere senza Competere.”
References
- Y. Doz, Strategic Management in Multinational Companies, Pergamon Press, 1986
- C.K. Prahalad & Y. Doz, The Multinational Mission: Balancing Local Demands and Global Vision, Free Press, 1987
- Y. Doz, J. Santos and P. Williamson, From Global to Metanational: How Companies Win in the Knowledge Economy, Harvard Business School Press, 2001
- Y. Doz and G. Hamel, Alliance Advantage: The Art of Creating Value Through Partnering, Harvard Business School Press, 1998
- Y. Doz, M. Kosonen, Fast Strategy: How Strategic Agility Will Help You Stay Ahead of the Game, Wharton School Press, 2008.
- Y. Doz, K. Wilson and P. Williamson, Managing Global Innovations, Harvard Business Review Press, 2012.
