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The difference of strategy formulation in small and large firms

The difference of strategy formulation in small and large firms
Author: Diana Ruthenberg
Publisher: GRIN Verlag
Total Pages: 11
Release: 2009-09-14
Genre: Business & Economics
ISBN: 3640426762

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Essay from the year 2004 in the subject Business economics - Business Management, Corporate Governance, grade: 1,9, University of Plymouth, course: Bachelor Abschlussjahr, language: English, abstract: This report aims at explaining the differences between the strategy formulation of small and large firms, by examining major factors directly influencing the management and the strategy formulation within a firm. This analysis indicates that strategy formulation in large firms is a very formal process handled by top executives especially dedicated to this process. Small firms in contrast often suffer from a lack of resources and managerial skills. As a result, in small companies, the importance of strategy is often underestimated and not worked out with sufficient accuracy. This leads to a company’s performance often remaining under its market opportunities.


Strategy Formulation in Entrepreneurial Firms

Strategy Formulation in Entrepreneurial Firms
Author: Azhdar Karami
Publisher: Routledge
Total Pages: 225
Release: 2016-04-01
Genre: Business & Economics
ISBN: 1317049330

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This book is concerned with strategy formulation issues in the relatively neglected field of entrepreneurial firms. It raises questions, such as what is the strategic role of entrepreneurship in small businesses? How does the top management in small firms perceive the processes associated with strategy formulation? How are business strategies formulated and implemented in SMEs and importantly, are there lessons that can be learnt by large corporations from the smaller ones? Using a sample covering a wide range of entrepreneurial firms in the UK, the author addresses the lack of strategic thinking in the management of small firms and provides recommendations for effective strategic management processes.


Strategy Formulation in Entrepreneurial Firms

Strategy Formulation in Entrepreneurial Firms
Author: Azhdar Karami
Publisher: Routledge
Total Pages: 247
Release: 2016-04-01
Genre: Business & Economics
ISBN: 1317049322

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This book is concerned with strategy formulation issues in the relatively neglected field of entrepreneurial firms. It raises questions, such as what is the strategic role of entrepreneurship in small businesses? How does the top management in small firms perceive the processes associated with strategy formulation? How are business strategies formulated and implemented in SMEs and importantly, are there lessons that can be learnt by large corporations from the smaller ones? Using a sample covering a wide range of entrepreneurial firms in the UK, the author addresses the lack of strategic thinking in the management of small firms and provides recommendations for effective strategic management processes.


Strategy Implementation Problems in Small and Large Companies - Similarities and Differences in Light of the Research Results. Lessons From the Polish Experience

Strategy Implementation Problems in Small and Large Companies - Similarities and Differences in Light of the Research Results. Lessons From the Polish Experience
Author: Przemyslaw Wolczek
Publisher:
Total Pages: 31
Release: 2019
Genre:
ISBN:

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The literature on the strategic management emphasizes the essence and importance of both the good formulation and the proper implementation of the strategy. However, business practice shows that while companies have quite highly developed skills in the area of strategy formulation, at the same time they are characterized by a surprisingly low level of skills in the scope of the effective implementation of the strategy. Various factors that affect the effectiveness of the implementation process are mentioned, including poorly developed leadership skills among management staff, the improper allocation of decision-making powers, the incompetent communication of the strategy, the lack of ability to manage changes, and the lack of appropriate motivators associated with the strategy being implemented. It is worth considering whether the companies that achieve market success are also facing such problems in the strategy implementation process. This paper is based on the results of the research conducted as part of the project entitled “The implementation of the strategy in the organization - model, determinants and implications”. It presents five key problems faced in the strategy implementation process by small and large companies that can be considered to be effective in implementing their development concepts. It appears that the implementation of the strategy in such companies is usually hindered by two problems: “management staff overloaded with current problems” and “attention of employees focused on operational activities”. Most problems are associated with the changes occurring in the environment and the lack of appropriate motivators.


The Strategy of Small Firms

The Strategy of Small Firms
Author: Tim Mazzarol
Publisher: Edward Elgar Publishing
Total Pages: 400
Release: 2009
Genre: Business & Economics
ISBN:

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The majority of businesses throughout the world are small firms and they play a crucial role in the economic growth of the world's economies. The authors offer a conceptual framework supported by their own original case study data to explain how and why a small firm should approach strategic planning.


Strategic Management

Strategic Management
Author: Abbass Alkhafaji
Publisher: Routledge
Total Pages: 334
Release: 2013-10-31
Genre: Business & Economics
ISBN: 1135186367

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Airborne Express, Hershey's, Motorola, Pillsburyhow do the executives of international corporations formulate effective strategies for corporate success? Filled with helpful insights into the state of the art in strategic management, this book provides a framework for the formulation, implementation, and control of strategies for all types of domestic and global organizations. You'll also find 21 suggested corporate cases for analysis (complete with reference sources), including Blockbuster Video, PepsiCo, Harley-Davidson, Nike, Home Depot, and Microsoft. This up-to-date volume gives you a comprehensive overview of strategic management in an easy-to-read format. It addresses important current issues, such as TQM (Total Quality Management), reengineering, benchmarking, and the formulation of strategic management in international markets. Strategic Management: Formulation, Implementation, and Control in a Dynamic Environment is a part of The Haworth Press, Inc. promotion book series edited by Richard Alan Nelson, Ph.D., APR. Here is a small sample of what Strategic Management: Formulation, Implementation, and Control in a Dynamic Environment will teach you about: the definition, meaning, and history of strategic management the difference between business policy and business strategy corporate structure, governance, and culture mission statements how to assess the corporate/business environmentinternal, external, and macro how to formulate an effective business strategy strategic alternativesspecialization, diversification, alliances, joint ventures, acquisitions, and more dealing with foreign governments and competing on a global scale the role of the general manager and the board of directors the control process and ways to measure the financial soundness of strategic decisions management techniques for not-for-profit companies Strategic Management: Formulation, Implementation, and Control in a Dynamic Environment is an ideal reference for any teacher, student, or professional in the management arena.


Strategy and Small Firm Performance

Strategy and Small Firm Performance
Author: P. Gibcus
Publisher:
Total Pages: 75
Release: 2003
Genre: Business planning
ISBN: 9789037108767

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Strategic Financial Management for Small and Medium Sized Companies

Strategic Financial Management for Small and Medium Sized Companies
Author: Hande Karadag
Publisher: Emerald Group Publishing
Total Pages: 270
Release: 2015-12-14
Genre: Business & Economics
ISBN: 178560774X

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Research shows a majority of small businesses fail in their early years due to poor financial management, turning the dreams of many business owner and novice entrepreneur into nightmares. This book serves as a guide to prevent small business owners and novice entrepreneurs from experiencing financial disasters.