Managing strategic flexibility: key to effective performance
Article Abstract:
Senior management should concentrate on introducing strategic flexibility in their organizations in lieu of the traditional focus on strategic fit which has tended to be rigid and inappropriate in the ever-changing business environment. Strategic flexibility enables an organization to become quick in taking advantage of external opportunities, which is a prerequisite in improving profit levels in a volatile business environment. To achieve strategic flexibility, management should consider several factors, including suppliers, alliances, manufacturing flexibility, multinational operations and modular product design. It should also be wary of the possible disadvantages of strategic flexibility, particularly its cost, ability to cause stress and lack of focus. The trick here is to maintain a balanced view of the advantage and disadvantage of strategic flexibility. Lastly, management should develop other kinds of flexibility that will complement strategic flexibility.
Publication Name: Journal of General Management
Subject: Business, general
ISSN: 0306-3070
Year: 1995
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Sustaining strategic alliances: options and guidelines
Article Abstract:
Options and guidelines for sustaining strategic alliances are discussed. The process of alliance management can be seen as having seven major stages. Topics include selecting alliance partners, negotiating the agreement, setting up and operating the allliance, evaluating performance, and making changes. Benefits and pitfalls of options are discussed.
Publication Name: Journal of General Management
Subject: Business, general
ISSN: 0306-3070
Year: 1997
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Partner misbehaviour in strategic alliances: guidelines for effective deterrence
Article Abstract:
Strategic alliance management requires knowing what sort of misbehavior can take place between partners, identifying the particular type of misbehavior that can take place at each stage of an alliance's development and preventing partner misbehavior through selection of the appropriate deterrence mechanism.
Publication Name: Journal of General Management
Subject: Business, general
ISSN: 0306-3070
Year: 2001
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