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Strategic Change:
Strategic Change means changing the organizational Vision, Mission, Objectives and ofcourse the adopted strategy to achieve those objectives.Strategic change is defined as " changes in the content of a firm's strategy as defined by its scope, resource deployments, competitive advantages, and synergy"(Hofer and Schendel 1978)Strategic change is defined as a difference in the form, qualiity, or state over time in organization's alignment with its external environment (Rajagopalan & Spreitzer, 1997 Van de Ven & Pool, 1995).
Considering the definition of strategic change, strategic change could be affected by the states of firms and their external environments. Because the performance of firms might dependent on the fit between firms and their external environments, the appearances of novel opportunities and threats in the external environments, in other words, the change of external environments, require firms to adapt to the external environments again; as a result, firms would change their strategy in response to the environmental changes. The states of firms will also affect the occurrence of strategic change. For example, firms tend to adopt new strategies in the face of financial distress for the purpose of breaking the critical situations. Additionally, organizations would possess structural inertia that they tend to keep their previous structure and strategy (Hannan & Freeman, 1984).
However, the former research on strategic change has not shown expected empirical results. To explain the unexpected empirical results, Rajagopalan and Spreitzer (1997)suggests that the external environment could not be constantly decided; it would be decided depending on the decision maker's cognition of external environment. Therefore, the occurrence of strategic change would be related to their cognition of external environment.
Based on the argument of Rajagopalan and Spreitzer (1997), the factors which affect decision maker's cognition of external environment would affect strategic change.
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Strategic change?
Strategic change is a simple and quite a common and ordinary change. With this change, some policies, general plans, and initiatives are changing and it is the first and final steps in conquering the market.
Is strategic management necessary for change management or risk management?
change mgt. overachs strategic mgt. and risk mgt. is one partchange mgt.
What is an example of a regulatory issue that affects the controlling aspect of a strategic plan?
Almost all regulatory issues of fact controlling aspects of strategic plans. Regulatory issues in the coal industry are an example of issues that drastically change strategic planning.
What are the relations and difference between business policy and strategic management?
Policies help businesses carry out their strategic objectives. When the business strategy changes, so will their policies. Strategies change as the business environment changes.
What are some of advantages and Disadvantages of strategic planning?
Some advantages of strategic planning are: it leads to sustainable competitive advantage, improves resource allocation, reduces resistance to change, identifies strategic goals and strategic intent and facilitates communication between managers. Disadvantages include: complex process, low rate of successful implementation and costly to perform for small and medium business.
Strategic change?
Strategic change is a simple and quite a common and ordinary change. With this change, some policies, general plans, and initiatives are changing and it is the first and final steps in conquering the market.
What has the author Julia Balogun written?
Julia Balogun has written: 'Exploring strategic change' -- subject(s): Organizational change, Strategic planning
Is strategic management necessary for change management or risk management?
change mgt. overachs strategic mgt. and risk mgt. is one partchange mgt.
What has the author Merrill C Anderson written?
Merrill C Anderson has written: 'Strategic change' -- subject(s): Organizational change, Strategic planning
What is a strategic drift?
A strategic drift, is where strategies progressively fail to address the strategic position of the organization and this is frequently followed by transformational change and demise.
What is strategic change management?
changing policies and procedures
Should strategic plans be modified periodically?
In any strategic management process, but particularly in those taking place in dynamic environments, situations change and strategic plans require modification.
What has the author William A Pasmore written?
William A. Pasmore has written: 'The Michigan ICL study revisited' -- subject(s): Organizational change 'Research in Organizational Change and Development' 'Creating strategic change' -- subject(s): Management, Organizational change, Organizational effectiveness, Strategic planning
What are the types of strategic change?
cost cutting , process , captial structure
What are the principles of strategic leadership?
The principles of strategic leadership include anticipating change, creating a shared reality, creating aspirations to be able to grasp opportunity, creating conditions to support change, and investing in oneself.
What are the four types of Strategic Change?
cost cutting , process , captial structure
What are the advantages and disadvantages of strategic business unit?
An advantage of a strategic business unit is its ability to react to change. A disadvantage is the need for advanced technology to make decisions.
