Effective Implementation of Transformation Strategies: How to Navigate the Strategy and Change Interface Successfully

This book provides insights into how managers can successfully implement strategies by navigating the strategy and change interface. It emphasizes the importance of dynamic capabilities in high-performing organizations and adopts an institutional view that considers stakeholder needs. It conceptualizes corporate strategy as an amalgam of financial, customer value creation, resource, and non-market strategies and highlights the importance of monitoring changes to the strategic context and identifying practices and collaborations for successful strategic change.

Format: Hardback
Length: 482 pages
Publication date: 21 August 2022
Publisher: Springer Verlag, Singapore

This comprehensive book delves into the intricate processes and cognitive mechanisms employed by managers to effectively execute strategies while navigating the complex terrain of strategy and change. It incorporates the latest insights from the resource-based literature, particularly emphasizing the remarkable ability of high-performing organizations to refine and harness value-creating dynamic capabilities. Key processes and cognitions empower organizational leaders to discern opportunities and threats, as well as astutely seize strategic opportunities to optimize performance. Moreover, the book adopts an institutional perspective, recognizing that organizations must fulfill their stakeholders' expectations while navigating a diverse array of influences, including other organizations, markets, laws, quality standards, conventions, and cultural norms.

The book conceptualizes corporate strategy as a harmonious blend of four fundamental strategies: financial, customer value creation, resource, and non-market strategies. These strategies encompass the capital, product, and services markets, as well as various non-market institutions. By seamlessly integrating and implementing these four strategies, organizations empower their employees with diverse talents. By approaching strategy in this holistic manner, the book underscores the significance of monitoring changes in the organization's strategic context and assists in identifying the practices, collaborations, and projects required for achieving remarkable strategic transformation.

Weight: 775g
Dimension: 210 x 148 (mm)
ISBN-13: 9789811923357
Edition number: 1st ed. 2022