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Strategic management involves the related concepts of strategic planning and strategic thinking. Strategic planning is analytical in nature and refers to formalized procedures to produce the data and analyses used as inputs for strategic thinking, which synthesizes the data resulting in the strategy. Strategic planning may also refer to control ...
Strategic leadership provides techniques that focus organizations when they are deciding on their purpose and best business practices that are critical for remaining competitive and relevant. Being able to learn and adapt has become vital for sustainability. Failure to be able to adapt to changing technology, climate change, and economic ...
The McKinsey 7S Framework is a management model developed by business consultants Robert H. Waterman, Jr. and Tom Peters (who also developed the MBWA-- "Management By Walking Around" motif, and authored In Search of Excellence) in the 1980s. This was a strategic vision for groups, to include businesses, business units, and teams.
In organizational theory, organizational analysis or industrial analysis is the process of reviewing the development, work environment, personnel, and operation of a business or another type of association. [ 1 ] This review is often performed in response to crisis, but may also be carried out as part of a demonstration project, in the process ...
The organizational life cycle is the life cycle of an organization from its creation to its termination. [1] It also refers to the expected sequence of advancements experienced by an organization, as opposed to a randomized occurrence of events. [2] The relevance of a biological life cycle relating to the growth of an organization, was ...
Organisational routines. In organisational theory, organisational routines are "repetitive, recognizable patterns of interdependent actions carried out by multiple actors". [1] In evolution [2] and evolutionary economics [3] routines serve as social replicators – mechanisms that help to maintain organisational behaviors and knowledge. In the ...
Organizational culture refers to culture related to organizations including schools, universities, not-for-profit groups, government agencies, and business entities. Alternative terms include corporate culture and company culture. The term corporate culture emerged in the late 1980s and early 1990s. [1][2] It was used by managers, sociologists ...
The study manipulated whether or not the teams had high cohesion or low cohesion and how urgent the task was to be done. The study found that teams with low cohesion and high urgency performed worse than teams with high cohesion and high urgency. This indicates that cohesion can improve group decision-making in times of stress.