Strategic Theories Essay

9032 words - 36 pages

IntroductionStrategy theories can be applied uncritically to the management of quality. Opposing strategy paradigms are used as the basis of ideologically polar views with little consideration of any alternative points of view (see for example: Firat, 1985; Shrivastava, 1986; Venkatesh, 1985). Using an ideological approach to strategy that may not be appropriate for the environmental conditions in which a company operates can lead to company failure (e.g. Barr, Stimpert, & Huff, 1992).The historical reasons for ideologically polar views of strategy are embedded in the types of debate that emerged out of the early strategic management literature. For example, a major early debate was developed by writers advancing one or another opposing strategy school of thought. One school advanced various forms of determinism, whereas the opposing school advanced various forms of rational choice (Bourgeois, 1984). This debate had the effect of polarising the strategy schools of thought into the domain of ideology by considering environmental determinism and rational choice to be mutually exclusive (Hrebiniak & Joyce, 1985; Lawless & Finch, 1989).There have been calls to address the limitations of these ideological views of strategy to provide more comprehensive explanations of management practice (Bourgeois, 1984; Ginsberg, 1984; Jemison, 1981). Comprehensive explanations are required to deal with complexity, such as those experienced in the management of relational services in technological arenas dealing with intensely competitive changing environments (Evans, 1991). These environments are becoming more dominant due to increasing competition in a global information economy, and increasing competition in services promises to be a significant trend (Senge, 1990).An integrational approach using different strategy paradigms has been suggested as a way forward to provide more comprehensive explanations to deal with such issues (Bailey & Johnson, 1992; Combe, 1999; Cravens, Greenley, Piercy & Slater, 1997; Hart, 1992; Hrebiniak & Joyce, 1985; Jemison, 1981; Mintzberg, 1994). In this article the implications and limitations of the ideological polar views of strategy for the management of quality are outlined. These limitations suggest that in complex situations such as encountered in relational services in intensely competitive changing environments an ideological reliance on any single strategy paradigm to manage quality is ineffective. To effectively deal with complexity managers are required to balance many issues to provide comprehensive strategies for the management of quality. In these circumstances an integration of multiple theoretical strategy paradigms is required in strategy practice.To highlight the advantages of an integrated multi-paradigm approach to address complexity, the authors discuss fifteen different theoretical strategy paradigms within five schools of thought: Rationalism, Developmentalism, Determinism, Probabilism...

Find Another Essay On Strategic Theories

The global logic of strategic Essay

2633 words - 11 pages order for empirical research to be developed into a workable framework to fully understand "the logic of" strategic alliances, the underlying theories form a number of disciplines, including economics, behavioural sciences (inter-company relationships), marketing and research and development (the product development and innovation process).Word Count: 2 408 REFERENCES Bucklin, L. & Sengupta, S. (1993) Organising Successful Co-Marketing Alliances

Finance Theory And Financial Strategy Essay

562 words - 2 pages rational choices. But by 1955 Hebert Simon had already recognized that this was an unrealistic part of economic theory. Simon (1986) wrote, "We need empirically valid theories of how business operations operate, of how investment decisions are actually made." In my opinion the use of behavioral explanations can help bridge the gap between finance theory and strategic planning because of the guesswork necessary for each method. Perhaps recognizing

The Benefits and Limitations of Strategic Planning for Organizations

2411 words - 10 pages inform stakeholders, especially employees, exactly where it is planning to go and how it intends to get there. Most people perform better (in quality and quantity) if they know what is expected and where the organization is going. It can provide a strong incentive for the employees to achieve company objectives. Such 'goal' theories have been used to explain the motivators of workers. Strategic planning can provide a

Challenging Comparative Advantage

1497 words - 6 pages factors have created questions of free trade and governmental participation in an economy by the development of strategic trade policies. These new concepts do not replace the theory of comparative advantage; however, they further explain how trade can benefit a country's economy (Krugman, 1987). Comparative Advantage Theory The principle of comparative advantage holds that trade can exist internationally even when one country holds a distinct

Cognition: Force of Strategy

2012 words - 8 pages IntroductionThis writing intends to outline and discuss what may be understood by the concept of 'strategic cognition'. This will involve the attempt to research theoretically on answering the questions, including what is meant by 'cognition' and what is meant by 'strategic cognition'. And explain the cognitive school, which is the focal point of this writing, and hence receives the main attention. As a result, the remaining discussion will

Strategic Planning Relevant to all Organizations?

2574 words - 10 pages There is disagreement between the theories in which corporate strategy is developed. This is apparent within the strategic planning process, as it is a diverse and complicated subject. This has meant that there have become two approaches to strategic planning; prescriptive and emergent approach. They both have similar elements but have dissimilar models within the strategic planning process.The prescriptive approach views the analysis, strategy

Is Strategic Planning and Information Systems Strategic Planning Relevant to all Organisations?

3664 words - 15 pages product unique and therefore creates a niche for high class, big spending customers.Analysis of Strategic Management ApproachesThere is disagreement between the theories in which corporate strategy is developed. This is apparent within the strategic planning process, as it is a diverse and complicated subject. This has meant that there have become two approaches to strategic planning; prescriptive and emergent approach. They both have similar elements

"Strategy without action is only a daydream, but action without strategy is a nightmare" Discuss the benefits of formal corporate planning in directing organisational action

1588 words - 6 pages planning in the 21st century.It is hard to get a proper definition of what strategy means today. Brian Huffman in his article "what makes strategy brilliant?" says many books offer theories of strategy and "that a popular book on strategic management does not define the word strategy until page 127". Huffman continues that the reason; generally definitions are overly complex. Simply, he says, at its highest level "it is a general statement of how a

Rational Expectation Theory and Ideological Factor of National Security

2187 words - 9 pages predictions about behavior, thus making it more possible to distinguish a strategic Ideology theory of expectations from other theories. Heuristics The international Ideological environments have at least three layers in which national security policies are made. Commonly recognized in existing scholarship is the layer of formal institutions or security regimes as : NATO, OSCE, WEU, arms control regimes like the NPT, CWC, SALT treaties, and the

Strategic Alliances in Technological Innovations

4755 words - 19 pages PORTFOLIO156.0 THEORIES TO ANALYSE STRATEGIC ALLIANCES.156.1 GAME THEORY166.2 STRATEGIC BEHAVIORAL THEORY166.3 TRANSACTIONAL COST ECONOMIES (WILLIAMSON, 1985)167.0 ANALYSIS AND CONCLUSION187.1 ANALYSIS187.2 CONCLUSION18REFERENCES191.0 INTRODUCTION1.1 BACK GROUND OF THE STUDYStrategic Alliances is defined as a formal relationship formed between two or more parties in order to pursue a set of agreed goals or to meet a critical business need while

Taxonomy

2306 words - 9 pages literature grew in all directions to include strategic groups, value chain, game theories, and other ideas - but always with this analytical bent.The Environmental SchoolIn the environment school, it is organisation and leadership that became passive. Perhaps not strictly strategic management, if one takes that term as concerned with how organizations use their degrees of freedom to create strategy; the environmental school nevertheless deserves

Similar Essays

Do Strategic Trade Theories Provide A Theoretical

1285 words - 5 pages protectionist trade policies.Arguments for government intervention The contemporary approaches, so-called strategic trade theories mainly argue that "a government can enhance national welfare by promoting domestic development of industries that create substantial factor rents or external benefits" (Stegemann 1996, 83). The concepts of rent and external economies were developed by Paul R. Krugman and, being the main strategic arguments, shall now

External Analysis – Theories, Frameworks And Its Relevancy In Strategic Decision Making

1485 words - 6 pages prepare for it. Planning is always directed to the future. Since the future is unknown, assumptions are necessary in addition to scenarios in order to obtain a feeling for the future.Issues Concerning the Existing Theories and FrameworkPlanned vs Contingency/Emergent ModelAlthough criticism has been directed at almost all theories or models of strategy development, most criticism has focused on the formalized, strategic planning processes that can be

Strategic Management Essay

1201 words - 5 pages social science, which is flexible by nature, the reason its theories as well as principles may result in a range of results at different times and hence it is a behavioral science. Strategic management as an art Conversely, an art connotes use of knowledge together with skill in tasks to attain desired results. In this perspective, an art is outlined as personalized use of theoretical principles for attaining coveted results. For the most part, an

Strategic Management Essay

1224 words - 5 pages physical sciences such as biology among others, ostensibly because strategic management deals with the behavior of human beings, whose behavior is toilsome to foretell accurately. Given that strategic management is a social process, it is deemed as a social science, which is flexible by nature. The reason for flexibility is theories as well as principles result in a range of results at different times, and hence it is a behavioral science