STRATEGIC MANAGEMENT

Strategic Management

[Name ?f the writer]

[Name ?f the instituti?n]

Strategic Management

Introduction

This paper focuses on strategic management and presents explores how school of strategy can be divided into two categories that are prescriptive and descriptive. For this purpose the paper compares and compares and contrasts these schools and make an attempt to develop a hybrid model that can be recommend to a company with global aspirations. In this paper we will describe how the different perspectives of social science disciplines inform strategic management and consider Mintzberg's schools of strategy and Whittington's classification of strategic perspectives in analysis, finally we critically consider the extent to which their classification of strategic perspectives needs to be modified in the light of contemporary research.

Analyzing the nature of strategic management, we can establish that this is an area consolidative interdisciplinary, to enrich the comprehension and implement methodological analysis to modernise other technical field of operations. In this regard, materials ranging from the micro to the economics of organizations, from the political science to economics, from psychology to social psychology, and from sociology to the theory of organization, among others, underlie the research conducted in the field of strategic management, both in subfield the content of the strategy and the strategic process. Considering the history of the strategic direction is a tale of promiscuous adoption of other disciplines and subfields of business management.

Figure 1.1: Basic Disciplines for research in content and process strategic

In Figure 1.1 shows the classification of the different basic disciplines in which supports research in strategic management in terms of two dimensions : (a) the unit of analysis: context environment (markets, corporation), firm or individual (within and outside the company), and (b) the assumptions about of decision making: rational, bounded rationality or extrarational. On one hand, to Unlike research in strategic content, research in progress accepts bounded rationality and even the behavior extrarracionales organizational actors. Moreover, unlike research content strategy that treats the relationship between the organization.

From Figure 1.1, we can determine that the research content strategic and strategic process is supported to varying degrees by the adjacent basic disciplines. In this regard, while research in progress strategy seeks its scientific roots in a wide range of subjects, considering as the main theory of the organization, planning and business policy, and institutional economics, research on strategy content only based on the field of economy and, more specifically, in the organization industrial and economic organizations.

The foundation of this interdisciplinary nature of the strategic direction can be found in the practical nature of the field, whose development involved three types of actors (eg, Mintzberg and Lampel, 1999, Pettigrew et al., 2002): consultants, managers and academics. Mintzberg and Lampel (1999), states that people cannot realize everyone wants to go for the mysteries of the animal. Advisers have been as giant players busy in their hunting expedition for tusks and trophies.

Research On The Content Of The Strategy

Strategic research content characterized as research focuses on the very stuff of the strategic decision , ie in the specifics of what ...