MANAGEMENT

Strategic Practice

Strategic Practice

Introduction

The themes discussed in this essay evolve around complexity perspectives and the new ways of strategic thinking and analysis why the need for new ways is emerging. Secondly, the modelling of complex adaptive system has been illustrated. Further, the arguments are done on the different practice perspective adopted by organisations in implementing complex adaptive systems. In the last theme, the essay studies the relationship of the leadership with the strategic success and the strategy practices in the organisation. The objective of the paper is to analysis that strategy is something that its members do, in context of the strategy and leadership theories and examples. Further, it in depth discusses the complexity theory, chaos theory and the system thinking theory in regard to the new ways of strategic thinking. Moreover, the essay includes the importance of complex adaptive systems in the new era and the elements of this system. Lastly, it studies the impact of leadership on strategy execution and success.

The methods of investigation for this essay is the secondary data which includes theories of strategic management, the theories related to the strategic planning, the theories of complexity and chaos. Further, the theory of complex adaptive systems and the John Holland's perspective is examined in detail. The secondary research will aim at gathering data from previous renowned, major and well known researches. These include the researchers and the theorist who have discovered the conventional and contemporary theories of strategy and leadership.

Analysis

Changing idea of strategic thinking - Critical Analysis of “(Strategy is not) something that an organization has but something its members do” (Jarzabkowski et al, 2007)

Strategy is plan for action which mobilise the organisational members to mobilize, act and bring necessary changes. The actions need to be collected in order to generate outcome. The synergy and integration is one of the basic components which could lead to the profitable execution of the strategy. The strategic actions are done by the members of the organisations. The strategy of the organisation is depicted through the actions of its members (Jarzabkwoski, 2011, p.529)

Many different arguments have been made in the context of complex adaptive systems. The management of different organisations have diverse perspectives on the adaptive systems implementations. The rise in the practice approach in management has emerged due to the concern over the gap between what people have to do and what people actually do theories. The new way of strategic thinking takes managers in account and taking them to the next level which is empowering them with the strategic intents of the organisation and providing adaptive environment to prosper. Strategy is written words which need execution and it can only be done if the members are willing (Pidd, 2004, p.22).

Closed equilibrium systems are metaphor of the modern management thinking. In the early 19th century, the closed equilibrium system s was introduced. These closed equilibrium systems are combination of contemporary management thinking and traditional economics. These systems can be studied from the examples of a ball at a bottom of a bowl ...