Search results for "strategic thinking"
showing 10 items of 11 documents
Consensus via multi-population robust mean-field games
2017
In less prescriptive environments where individuals are told ‘what to do’\ud but not ‘how to do’, synchronization can be a byproduct of strategic thinking,\ud prediction, and local interactions. We prove this in the context of multipopulation\ud robust mean-field games. The model sheds light on a multi-scale\ud phenomenon involving fast synchronization within the same population and\ud slow inter-cluster oscillation between different populations.
A Basic View on Models of Nature and the Concept of “Sustainability”
2010
The discussion below is primarily connected to the challenge of agricultural crop production in western and northern Europe by the global change of climate (Box IV.3), but the ideas are of a general character and could therefore be extended outside this geographical area. We believe that strategic thinking and strategic decisions on agriculture and the way of preparing tactical decisions have to be reconsidered everywhere.
Finnish forest-based companies in transition to the circular bioeconomy : drivers, organizational resources and innovations
2020
Abstract Forest-based businesses are the center of the transition to the sustainable and competitive circular bioeconomy in Finland. This study explores the transition of Finnish FBS firms to new business models, with a focus on the organizational resources and capabilities needed for transition. It also identifies the important elements in the business environment and the role of innovations in this process. The study uses thematic interviews with managers from various FBS firms and companies from interfacing sectors, all of which have operations in Finland. Despite the differences between firms, the study finds many common drivers and resources that FBS companies highlight as significant …
Cheap Talk with Two Audiences: An Experiment
2017
In this paper we experimentally test strategic information transmission between one informed and two uninformed agents in a cheap-talk game. We find evidence of the “disciplining” effect of public communication as compared to private; however, it is much weaker than predicted by the theory. Adding a second receiver naturally increases the complexity of strategic thinking when communication is public. Using the level-k model, we exploit the within subject design to show how individuals decrease their level-k in public communication. Surprisingly, we find that individuals become more sophisticated when they communicate privately with two receivers rather than one.
Training strategic thinking: Experimental evidence
2014
Abstract Strategic behavior is crucial for strong firm performance, especially in competitive environments. Thus, designing a good strategy is a key issue for firms. Designing a strategy requires a combination of strategic thinking—which involves analyzing a firm's strategic environment, defining a vision of its future, and devising new ideas to out-think competitors – and strategic planning – which implies using these ideas to formulate a business plan. Although many firms excel at strategic planning, few devote enough resources to strategic thinking, which results in strategic insanity (i.e., firms repeatedly applying the same strategies with the expectation of different outcomes). To fos…
Information systems and strategy design
1999
Abstract Strategic thinking forms a wide-ranking, complex area of thought. It also seems to be an extremely interesting and important field in both management practice and literature. Recently, the areas that the different functions (like accounting, marketing, production and information systems) of firm and strategic thinking have in common have been lively discussed. In this paper, the applicability of information systems thinking to strategic thinking is outlined. For that purpose, three modes of strategy-making are explicated: strategy-making as management process, as game-playing and as leadership. In each of these three modes, the strategy design phase and especially the essentials of…
Intellectual evolution of strategic management and its relationship with ethics and social responsibility
2006
The main purpose here is to present an overview of the historical development of strategic management, through a critical review of the most relevant theoretical proposals, and to consider its links to ethics and corporate social responsibilities. From the very beginning of strategic management thought attempts have been made to fuse ethical aspects such as values of senior management or social values or social expectations to strategic management. More recently the stakeholder view of the firm has permitted the introduction of ethical theories into strategic management, and the resources-based view of the firm has lead to the consideration of competences, including moral virtues. Here it i…
A strategic needs perspective on operations outsourcing and other inter-firm relationships
2013
Abstract This paper considers two issues: the formation of inter-firm relationships, and the choice of governance form. These have been widely investigated in both the strategic management and operations management fields. This paper contributes to the literature in three ways. First, we address why firms enter inter-firm relationships by hypothesizing that managers enter them to pursue three strategic needs, that is: efficiency/effectiveness, knowledge/learning, and global market access. Our first contribution evidences the relationship between the above strategic needs and a number of operational objectives that managers normally pursue in an inter-firm relationship. Second, we hypothesiz…
La naturaleza estratégica del proceso de branding
2019
El branding, anglicismo con el que se denomina a la creación y gestión estratégica de una marca, cobró notoriedad en la década del ’90 incorporándose al debate académico y a la actividad profesional del campo disciplinar del diseño y el marketing. En ese trayecto provocó cierta confusión respecto a la naturaleza –a veces estratégica y a veces táctica– de la actividad. Este hecho da lugar a la reflexión teórica sobre el nuevo territorio y a explorar la actividad que rodea a la construcción de una marca, en un intento por descubrir perspectivas teóricas que ayuden a comprender el proceso. Al hacerlo, se examina la noción demarca como sistema bipolar de producción y proyección de imágenes, y s…
Soft Skills Development Needs and Methods in Micro-Companies of ICT Sector
2018
Abstract This article calls for the inclusion of soft skills in the development of information and communication technology (ICT) sector's specialists in order to increase the competitiveness of ICT SME's. For a successful activity, ICT specialist needs two categories of skills: hard and soft skills. When talking about hard skills, we refer to direct technical knowledge. On the opposite, soft skills refer to communication, team work, creativity, problem solving and other personal skills. Experts agree that beside hard (technical) skills, soft (also called people-) skills are necessary. The research was based on an analysis of European level documents on skills needs, desk research in partne…