The study investigated the impact of strategic management on organizational growth and. It is hoped that this approach will be informative and practical to both the academic as well as the casual reader. Therefore, given to these questions, the importance of strategic management should be further investigated. Great wisdom about strategy can be acquired by understanding the past, but ignoring the lessons of history can lead to costly strategic mistakes that could have been avoided. Strategic management advantages and disadvantages wisestep. Although there were numerous early contributors to the literature, the most influential pioneers were alfred d. This divergence therefore calls for further studies on how strategic management should feature in the development of smes. The historical development of the strategic management discipline. Pdf historical evolution of strategic management, volumes i and ii. The development of strategic management began in the 50s, influenced by a number of experts from a variety of disciplines. Defining strategic management, planning outline l why strategic management. Historical development of the strategic management concept scribd. The history of strategic management can be traced back several thousand years. The subject is situational and so a script will never be enough but is meant to imbibe in student a sense and direction of tact of management.
A summary non exhaustive list of possible qualifications comprises. This document, the ku hrm strategic plan, describes the strategic themes and goals for the department. This article traces the history of strategic planning from its ancient greek origins through early 20th century and modern corporate practices, to recent public sector efforts. The historical development of the strategic management. Strategic management involves the related concepts of strategic planning and strategic thinking. The history of strategic management mastering strategic. Strategic management as a discipline originated in the 1950s and 60s. Strategic management is a relatively youthful discipline that has steadily matured over the past fifty years. Key elements of strategic management mba knowledge base. Strategic management is a broader term than strategy and is a process that includes top managements analysis of the environment in which the organization operates prior to formulat ing a strategy, as well as the plan for implementation and control of the strategy.
Strategic thinking and strategic management strategic planning is only useful if it supports strategic thinking and leads to strategic management and, even more importantly, execution. The purpose of this chapter is to explain the origins of strategic management. Ltasks of strategic management lstrategic management is an ongoing process lwho performs the tasks of strategy lbenefits of managing strategically strategic management the art and science of formulating, implementing, and evaluating crossfunctional decisions that. Moreover, knowledge of the history of management accounting will facilitate an understanding of the future of this profession. Strategic management and small and medium enterprises. Branislav 2014 stated that the application of strategic management practices helps firms in exploiting and creating new and different opportunities for tomorrow. Military history is filled with stories about strategy. Strategic management is a continuum of successive stages such as. Strategic management is considered to be the highest level of managerial activity that the top management of the organization. The history of strategic management 2012 book archive. Strategic planning to strategic management strategic planning to strategic management. The theory and practice of strategy in business organizations s.
First, the background or history of strategic planning will be touched upon. In this article, i examine how the concept of strategy has evolved into the field of strategic management, a definition of strategic management is developed from commonalities of past definitions and a selected overview of approaches to operationalizing strategic management is. The impact of strategic management on organisational. Additionally, the secondary goal is to evaluate the implications for strategic information technology management. Strategic surprisingly, here there is ready agreement. They have some specific mission towards which all efforts are directed. This section also briefly traces the development of strategic management as a field of study.
Almost from the beginning of recorded time, leaders contemplating battle have devised offensive and counteroffensive moves for the purpose of defeating an enemy. Strategic management theories by richard scroggins capella university, united states. The term strategic management is used to denote a branch of management that is concerned with the development of strategic vision, setting out objectives, formulating and implementing strategies and introducing corrective measures for the deviations if any to reach the organizations strategic intent. Origins, development, strategic management knowledge, historical perspective. The impact of strategic management on organisational growth and development a study of selected manufacturing firms in anambra state muogbo u. Schendel and hofers book strategic management 1979 and the almost contextual establishment of the strategic management journal smj in 1980, and the strategic management society in 1981 dagnino and cinici, 2016. Explain the setting in which management theory first developed. Perspectives on strategic planning university of south. Introduction small and medium scaled enterprises smes are no longer exempt from environmental conditions that. A few of the key business and academic events that have helped the field develop are discussed next. Pdf the evolution of strategic management research. The field has become consolidated over this period, while simultaneously expanding the range of topics analyzed and research methodologies used. The historical development of the strategic management concept.
The beginning of the development of this innovation in management drew on concept of strategy going back through thousands of years. Strategic management is a field of study, academic discipline and a business area. The first modern school of thought on strategic management is what has been called the design school french 2005. Much knowledge has been generated during the different phases of the development of the concept or discipline. Strategic management, small and medium enterprises, organizational development. Chandler recognized the importance of cocoordinating.
Strategic thinking and subsequent management must result in action. Until the 1940s, strategy was seen as primarily a matter for the military. History and background of strategic human resource. Business strategyhistory of business management until the. Evolution of the strategic management linkedin slideshare. A brief history of the concept 8 a multiplicity of meanings assumptions and metatheories 20 strategists and stakeholders 26 the social web and the political process of strategy making 33 2 thinking and acting strategically 43 case study scenariothe ikea way 44 the distinction between strategic thinking, strategic management and. Special thanks is extended to those who participated in the case studies by sharing the details of their strategies. Their input, advice, and lessons learned, both successes and failures, have been incorporated into this document so that we may all apply better strategic management processes in our organizations. Historical development of strategic management strategic management can be traced back to 1950s and 1960s and the most influential pioneers were alfred d. Mckiernan 1996 and is credited to a military planner, turned management academic.
The strategic management subject is in effect since history but has been taught as a syllabus of recent, to win over the various limiting factors attached with the organisation. A strategic plan is developed from a series of though managerial choices, and it commits this company to specific procedures, policies, operations and markets in lieu of others, which are considered to be less desirable for the companys future development. Introduction to sea history of development of strategic environmental assessment history of environmental assessment in the western countries began in 1969, with adoption of national environmental policy act1 by congress of the united states. Historical development of the strategic management concept free download as pdf file. This paper examines the issue of the historical development of the knowledge dubbed strategic management. It highlights the different perspectives of strategy that have emerged from. The strategic approach to management is as old as warfare, and it even has military origins. Also, according to ketchen, boyd and bergh 2008, the strategic management journal.
History of management thought the evolution of management theory upon completing this chapter, you should be able to. A few of the key business and academic events that have helped the field develop are discussed next figure 1. A thorough understanding of the history and development of management accounting is required before the gap between education and practice can be investigated. The process of strategic management is a comprehensive collection of different types of continuous activities and also the processes which are used in the organization. The strategic development process is defined here to embrace the management processes that inform, shape and support the strategic decisions confronting an organisation. Strategy the word strategy has so many meanings itself and all these meanings are useful, important and relevant to the people who. Pdf on jan 1, 1996, peter mckiernan and others published historical evolution of strategic management, volumes i and ii find, read and. Strategic management can have some immediate changes in the organization.
Jofre foreword the present report is the result of an ongoing study on the patterns and trends on both the theory and practice in the field of strategic management. In a world that is becoming ever more subject to change. Strategic planning was a plausible invention and received an enthusiastic reception from the business community. But subsequent experience with strategic planning led to mixed results. Santayanas quote has strong implications for strategic management. Strategic management is a way to transform the existing static plan in a proper systematic process. Strategic management has been important throughout history, but the evolution of strategic management into a field of study has mostly taken place over the past century. Business schools with personnel management strands were established in most australian states during the 1950s, encouraged by the development of the national professional association, ipma, with members in victoria, new south wales, south australia, western australia and queensland.
History and background of strategic human resource management with the development of information technologyoriented hightech, internet and ecommerce applications, the human and the new economy knowledgebased economy, knowledge of the decisive role in creating organizational competitive advantage is increasingly obvious. Of course, this is not a feature of the strategy discourse alone, for as halliday argues growthism, or the favouring of ideas of growth, development and expansion. Strategic management is defined as a process of specifying the objectives of the organization, developing policies and planning to achieve the objectives, and then allocating resources so that plans can be implemented. Jagdish sheth, a respected authority on marketing and strategic planning, provides.
Later attempts to bring science into management included the development of the theory of. 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. Chandler, philip selznick, igor ansoff and peter drucker. Historical development of strategic management birth of strategic management. European journal of business and strategic management issn 2518265x online 25209183 print vol. The report focuses on three relevant issues regarding. Human resource management hrm, evolution, history introduction defining human resource management hrm according to armstrong 2006 human resource management hrm is defined as a strategic.
25 938 390 1124 1249 83 996 725 1250 1437 1345 1102 1499 543 232 1131 206 1093 1015 399 659 699 698 38 653 505 983 57 1440 958 1405 388 1345