Theories of how strategy is developed and implemented and the relationship between strategy innovation and change
Jonathan. K. Kush is the lead business writer at 123 Writing. He holds a BA (Hons) degree in Business Administration from the University of Brighton, UK. As a Market Research Analyst by profession, Jonathan has nearly a decades experience in market research and business analysis. His passion includes studying markets and industry trends to understand their impact on company strategy, performance and ways firms can mitigate their environment to outcompete rivals.
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This report undertakea a critical literature review of key theories of how strategy is devel-oped and implemented, and the relationship between strategy, innovation and change. The report reviews available literature on Strategic development and the different types which include deliberate and emergent strategic development. The author further discusses strategic planning as a critical component of strategic development and why it is important. Various frameworks are given that aid organizations in strategic planning such as Balanced score Card (BSC), Total Quality Management (TQM) and European Foundation for Quality Management (EFQM). Conclusions are then made with the current trends on strategic development and the relationship between strategy, innovation, and change.
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Strategy Case Study
Key Learning Outcomes
By the end of the case, students should be able to:
- Review literature of key theories of how strategy is developed and implemented
- Understand what strategic planning and why is still important including the role tools and frameworks such as The Balanced Score Card (BSC) or Total Quality Management (TQM).
- Understand the relationship between strategy, innovation and change
Assignment question
Undertake a critical literature review of key theories of how strategy is devel-oped and implemented, and the relationship between strategy, inno-vation and change
1.0 INTRODUCTION
This report undertakea a critical literature review of key theories of how strategy is developed and implemented, and the relationship between strategy, innovation and change. The report reviews available literature on Strategic development and the different types which include deliberate and emergent strategic development. The author further discusses strategic planning as a critical component of strategic development and why it is important. Various frameworks are given that aid organizations in strategic planning such as Balanced score Card (BSC), Total Quality Management (TQM) and European Foundation for Quality Management (EFQM). Conclusions are then made with the current trends on strategic development and the relationship between strategy, innovation, and change.
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