Review and Study of the Main Crisis Factors in implementation of Strategic Management on Organizations
Journal Title: International Journal of Advanced Studies in Humanities and Social Science - Year 2016, Vol 5, Issue 0
Abstract
The strategic management process implies the management staff has at least three engagements: define, conduct and evaluate applied strategy. However, the most common reasons of firm bankruptcy are linked to wrong implementation and that’s why implementation is often defined as the Achills heel of the strategic management process (Roney, 2004, p. 233). Unfortunately, most strategic planning efforts fail during this crucial phase and firms waste significant resources already invested. This paper examines the literature of strategy implementation and post a link between some critical points, important to reduce errors in strategy implementation and improve firm performance.
Authors and Affiliations
Ehsan Hosseiny, Javad Khamisabadi, Babak Norouzi, Mohammad Sadri
Keywords
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