Information System for Strategic Decision Making

2018 ◽  
pp. 397-428
Author(s):  
José Rascão
Keyword(s):  
Decision Making ◽  
Business Strategy ◽  
Information Technologies ◽  
Strategic Decision ◽  
Competitive Environment ◽  
Strategic Decision Making ◽  
Strategy Formulation ◽  
Formulation Analysis ◽  
Process Strategy ◽  
Effective Integration

The business strategy can be seen as a problem that involves three parts: information, strategy, and information technologies and communication. It has to be seen in the context of business sciences, in the process strategy formulation (analysis) and decision making (the strategy), information sciences (objective and subjective information, in supporting the process of formulation of the strategy and strategic decision making), and computer science (the tools of support to the implementation and monitoring of the strategy). Corporations need to define the strategy, translate it into actions, and ensure effective integration between the definition and the action in a competitive environment filled with actual and potential importance of information.

scholarly journals Advanced Mathematical Business Strategy Formulation Design

Mathematics ◽  
2020 ◽  
Vol 8 (10) ◽  
pp. 1642
Author(s):  
Song-Kyoo (Amang) Kim
Keyword(s):  
Decision Making ◽  
Theoretical Model ◽  
Analytical Model ◽  
Business Strategy ◽  
Matrix Form ◽  
Decision Makers ◽  
Strategic Decision ◽  
Strategic Decision Making ◽  
Strategic Choices ◽  
Strategy Formulation

This paper deals with the explicit design of strategy formulations to make the best strategic choices from a conventional matrix form of representing strategic choices. The explicit strategy formulation is an analytical model that is targeted to provide a mathematical strategy framework to find the best moment for strategy shifting to prepare rapid market changes. This theoretical model could be adapted into practically any strategic decision making situation when a strategic formulation is described as a matrix form with quantitative measured decision parameters. Analytically tractable results are obtained by using the fluctuation theory and these results are able to predict the best moments for changing strategies in a matrix form. This research can help strategy decision makers who want to find the optimal moments of shifting present strategies.

scholarly journals The Competitive Cohort: An Extension of Strategic Understanding

1970 ◽  
Vol 28 (2) ◽  
pp. 97-122
Author(s):  
Gerald Flint ◽  
David Van Fleet
Keyword(s):  
Decision Making ◽  
Competitive Advantage ◽  
Strategic Decision ◽  
Strategic Decision Making ◽  
Strategy Formulation ◽  
Strategic Group ◽  
Organizational Goals ◽  
Sustained Competitive Advantage

The use of referent others to establish the concept of competitive cohortsis presented as a way to extend the understanding of strategic decision making inorganizations. The competitive cohort concept does not replace other perspectivesof the firm, industry or strategic group definitions, strategy formulation, or decisionmaking, but rather, helps in understanding how organizational goals are establishedand performance is shaped and measured. The use of the competitive cohort conceptmay also give a new coherency in and view of the concepts of competitive advantageand sustained competitive advantage.

scholarly journals Editorial: New challenges and opportunities in strategic decision making

2021 ◽  
Vol 2 (1) ◽  
pp. 4-6
Author(s):  
Mario Situm
Keyword(s):  
Decision Making ◽  
Business Strategy ◽  
Strategic Decision ◽  
Strategic Decision Making ◽  
Recent Issue ◽  
Challenges And Opportunities ◽  
New Challenges ◽  
Future Work

We are pleased to present the recent issue of the journal “Corporate and Business Strategy Review”. In this issue, current findings from the research are presented, which will support researchers with ideas for future work and provide managers and consultants with resources to support the development of solutions and assistance in decision-making.

scholarly journals Strategic decision-making of the company management using the findings of knowledge management

2008 ◽  
Vol 54 (No. 9) ◽  
pp. 406-412
Author(s):  
E. Svoboda
Keyword(s):  
Decision Making ◽  
Knowledge Management ◽  
Information Technologies ◽  
Scientific Paper ◽  
Strategic Decision ◽  
Strategic Decision Making ◽  
Internal Environment ◽  
New Methods ◽  
Flexible Response ◽  
Rapid Changes

This scientific paper shows the results formulated in the author’s research focused on strategic decision-making of the company management in a new entrepreneurial environment resulting from changes caused by integration processes, the development of information technologies and globalisation factors. The goal of this paper is to publish the changes in behaviour of the management of the selected entrepreneurial entities resulting from new factors of changes affecting the entrepreneurial environment. This is reflected in the process of strategic decision-making of entrepreneurial entities in the necessity to use new methods of decision-making of the company management as a reaction to factors of the external as well as the internal environment. Rapid changes in particular in the external environment require the company management to select new approaches and methods of decision-making and to have a well conceived algorithm enabling a flexible response to customer wishes using the findings of knowledge management.

scholarly journals Understanding strategic decision-making through a multi-paradigm perspective

2017 ◽  
Vol 7 (1) ◽  
pp. 2-20 ◽  
Author(s):  
Christos Anagnostopoulos ◽  
Terri Byers ◽  
Dimitrios Kolyperas
Keyword(s):  
Decision Making ◽  
Empirical Work ◽  
Strategic Decision ◽  
Strategic Decision Making ◽  
Strategy Formulation ◽  
Managerial Decision ◽  
Content Type ◽  
Charitable Foundations ◽  
Decision Making Processes ◽  
Corporate Social

Purpose The purpose of this paper is to illustrate the efficacy of using a multi-paradigm perspective to examine the relationship between corporate social responsibility (CSR) and strategic decision-making processes in the context of charitable foundations. Design/methodology/approach This paper integrates and synthesizes the micro-social processes of “assessable transcendence” (Anagnostopoulos et al., 2014) with Whittington’s (2001) perspectives on strategy. “Assessable transcendence” was achieved from the constant comparison of categories developed through an early iterative process in which data collection and analysis occurred during the same period. In all, 32 interviews were conducted among a sample of key managers in the charitable foundations for the first two divisions of English football. Findings The present study illustrates empirically that strategic decision making in charitable foundations does not “seat” neatly in any one of Whittington’s perspectives. On the contrary, this study indicates a great deal of overlap within these perspectives, and suggests that conflicting paradigms should be celebrated rather than viewed as signs of theoretical immaturity. Multi-paradigm approaches can potentially reveal insights into the “mechanics” of managerial decision making that are not easily discernible from a mono-paradigmatic perspective. Originality/value This is the first empirical work that examines CSR in relation to strategy within the context of the English football clubs’ charitable foundations, and does so by employing a multi-paradigm perspective on strategy formulation and implementation.

Business Models in Modern Competitive Scenarios

2018 ◽  
Vol 9 (3) ◽  
pp. 16-68 ◽  
Author(s):  
José Rascão
Keyword(s):  
Decision Making ◽  
Business Models ◽  
Strategic Decision ◽  
Strategic Decision Making ◽  
Strategy Formulation ◽  
Descriptive Research ◽  
Practical Experiences ◽  
Definition Of ◽  
Role Of Information

The purpose of this article is to contribute to a better understanding of the role of information in the process of strategy formulation, based on the aggregation of existing literature. This article is descriptive research, with the goal of identifying and characterizing the role of information in strategic decision making. The structure of the article synthesizes the existing academic work, seeking to generate new knowledge. The strategy of any organization can be defined from the outside to the inside, according to the schools of the positioning, or from the inside out, according to the schools of the movement, in which the organization influences the surroundings with its offer of products and or innovative services, since it has competencies and capabilities that competitors do not have and that are difficult to imitate or to buy. Hence the importance that weak and strong signals play as information of anticipation in the definition of the strategy and so, the goal is to treat the issue of the role of information in the process of formulation of the strategy in the context of strategic decision making. Based on research and practical experiences carried out by the investigator in strategic consulting in small, medium and large companies for about 20 years, the author will propose a model of the role of information in the process of formulating the strategy and its operationalization.

The Relationship between Entrepreneurial Competencies, Competitive Intelligence, and Innovative Performance among SMEs from an Emerging Country

2020 ◽  
pp. 884-906
Author(s):  
Ainul Abdul-Mohsin
Keyword(s):  
Decision Making ◽  
Strategic Decision ◽  
Competitive Intelligence ◽  
Competitive Environment ◽  
Strategic Decision Making ◽  
Innovative Performance ◽  
Emerging Country ◽  
Entrepreneurial Competencies ◽  
The Relationship ◽  
Unstructured Information

Competitive intelligence is vital to an organisation because it emphasises on understanding and measuring an organisation's competitive environment and the unstructured information that influence an organisation's strategic decision making. In fact, it also assists in creation of ideas and innovation. Yet, research on competitive intelligence practice among entrepreneurs is quite scanty. There is a need to investigate if entrepreneurial competencies and innovative performance is influenced by competitive intelligence. Thus, this study aims to analyse the relationship between entrepreneurial competencies, innovative performance and if competitive intelligence is the missing link among the entrepreneurs within the Malaysian SME context.

scholarly journals Modern approaches in strategic decision-making by the management in agriculture-oriented enterprises

2012 ◽  
Vol 49 (No. 5) ◽  
pp. 225-228
Author(s):  
E. Svoboda
Keyword(s):  
Decision Making ◽  
Information Technologies ◽  
Strategic Decision ◽  
Business Strategies ◽  
Strategic Decision Making ◽  
New Information ◽  
Decision Making Processes

The goal of the contribution is to publish the results of the research EP 12/2001–2003 (Brno, 2001–2002) and of the research intention GA MSM 4300007 (Brno, 2000–2001) aiming at application of modern approaches and solving methods of decision-making processes with the utilization of the PC network and new information technologies, and namely in connection with the application of the results of the research EP 7260 (Brno, 1998–2000) defining the method and algorithm of formation, implementation and changes of business strategies. It results from the analysis performed that business subjects managed in a modern way cannot get along without a well elaborated process of strategic decision-making and the said processes are getting more and more significant owing to the growing turbulent management environment and to the need to respond to these changes by the company management.

Quantitative tool for market sector strategic analysis

2018 ◽  
Vol 25 (6) ◽  
pp. 1706-1728 ◽  
Author(s):  
Rogério dos Santos Morais ◽  
Carlos Roberto Camello Lima
Keyword(s):  
Decision Making ◽  
Business Strategy ◽  
Telecommunications Industry ◽  
Strategic Decision ◽  
Strategic Decision Making ◽  
Content Type ◽  
Strategic Factor ◽  
Accurate Quantitative Analysis ◽  
Strategic Factors ◽  
A Company

Purpose A competitive business strategy with a greater chance of success depends on an accurate quantitative analysis of business strategic factors prevailing in a company. The purpose of this paper is to conduct the latter to determine the level of competitiveness in a sector. Design/methodology/approach This study develops a tool based on literature classics and tested in the telecommunications industry to determine market segment competitiveness, market attractiveness and the relative ability of companies to generate profits. Findings The proposed tool allows managers to quantify each strategic factor and, thus, identify positive factors leading to a competitive advantage and weaknesses leading to vulnerability, which enables an improvement in daily strategic decision making. Practical implications Implementing the tool can enable managers to both quantify each strategic factor and improve strategic decision making. Originality/value This methodology employed here is novel. As such, this study provides new insights into how to compete in the telecommunications industry and discusses useful implications for academia, new entrepreneurs, buyers and suppliers.

The Relationship between Entrepreneurial Competencies, Competitive Intelligence, and Innovative Performance among SMEs from an Emerging Country

2017 ◽  
pp. 37-58
Author(s):  
Ainul Abdul-Mohsin
Keyword(s):  
Decision Making ◽  
Strategic Decision ◽  
Competitive Intelligence ◽  
Competitive Environment ◽  
Strategic Decision Making ◽  
Innovative Performance ◽  
Emerging Country ◽  
Entrepreneurial Competencies ◽  
The Relationship ◽  
Unstructured Information

Competitive intelligence is vital to an organisation because it emphasises on understanding and measuring an organisation's competitive environment and the unstructured information that influence an organisation's strategic decision making. In fact, it also assists in creation of ideas and innovation. Yet, research on competitive intelligence practice among entrepreneurs is quite scanty. There is a need to investigate if entrepreneurial competencies and innovative performance is influenced by competitive intelligence. Thus, this study aims to analyse the relationship between entrepreneurial competencies, innovative performance and if competitive intelligence is the missing link among the entrepreneurs within the Malaysian SME context.

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