Issues in strategic management Essay Example | Topics and Well Written Essays - 2000 words

Issues in strategical focusing - Essay ExampleHowever, it is essential to distinguish the two basic differences in the strategic management question - while one focuses on the research of the content of the strategic management ideas, the other makes the process of strategic management its object, and as well as examines the factors, which influence this process. It is interesting to note the expression, which can give and explain the principal grow of the strategic management stopping point makingThus, the aim of the research is not only to make the taxonomy of the finish making acquaintance in strategic management, but to make it simple, understandable and possible for the use in the further similar researches.Taxonomy is the science of classification of any knowledge, and can be applied to any hypothetical or practical field of science. (Porac & Thomas, 1990) Applying taxonomy to the area of strategic decision making has become popular in the recent years, though attempt s to systematize the schools of the strategic decision making has been attempted earlier. It was a difficult assess to accomplish, as strategic decisions have been described, as being unclear, complex, unpredic control board and messy. (Schwenk & Dalton, 1991) The first attempt to create at least approximate taxonomy of the strategic decision making was performed in 1976 by Mintzberg and Theoret, who were able to define the triad major phases in this process, and described them as the identification phase, the development phase and the selection phase. (Goodstein et al, 1994)Hart (1992) has also created his own system of strategic decision making processes, and has divided them into five different types - the command mode, the typic mode, the rational mode, the transactive mode and the generative mode.The systematization of the knowledge in the area of strategic management decision making is a difficult process, but we will here attempt to create a table on the basis of the exist ing theoretical schools and to describe them in more detail, which will assist in further application of the knowledge found in literature in future researches and the solution of the practical issues. Taxonomy of the strategic management decision makingName of the theoretical schoolThe authorThe basic knowledge used The design school modelLearned, Christensen, Andrews and Guth SWOT analysis defines strategy as simple and illuminating processThe planning schoolAnsoffMakes little emphasis on the concept of strategy as it is is more concentrated on the detailed plans elaborationThe entrepreneurial school Schumpeter Focuses on the CEO role in strategic decision making processThe extended design school modelPrescribes the CEOs vision to the structure of consensus and commitment in the decision making The detailed discussion of the theoretical schools In the light of the abovementioned breeding and in the view of the table created on the basis of the already existing schools of strat egic management cerebration and decision making, it is interesting to note, that some strategies use the role of the