Discuss About The Perspectives Strategic Management Process.
In the above mentioned article, the evolution stages of the strategic management process have been underlined by the authors. With the help of the research paper, both Romanian and foreign managers will be able to understand the position of their organization in the global market and therefore will be able to incorporate strategies in order to enhance the competitive advantages and sustainability of the organization.
In this article, the importance of a dynamic organizational structure for sustaining new strategic initiative o the organization has been analyzed and evaluated.
The purpose of the article involves cross-level and in-depth analysis of two Strategic International Human Resource Management (SIHRM) that include the characteristics of SHIRM in Chinese Multinationals and how their SHIRM orientation facilitates their operation and international investment has been performed (Fan, Zhang and Zhu 2013).
In this article, the degree to which the culture and behavior of the employees are influenced by the organizations has been analyzed.
In this research paper, the aim of the author is to analyze the strategies implemented in small businesses. Along with that, this research paper also contains issues related to small business management.
Does the article use any theoretical framework related to Business Strategy? If yes, explain the framework briefly. What are the strengths and weakness of the framework?
The framework used in the above mentioned article is strategic management framework. A strategic management framework can be defined as a framework that helps the managers of an organization to understand the key constructs, themes and concepts associated with the organization (Cristiana and Anca 2013). The mentioned framework chiefly reflects principles, structures and axioms of the organization. The chief elements of a strategic management framework include 1. The business construct and the objective strategy, 2. The capability of the employees and 3. The activities involved in strategy formation as well as execution.
Article 3: The framework used in the article includes SIHRM framework. The mentioned framework embraces a number of industrial settings, country contexts as well as external and internal influencing factors. The strength of the mentioned framework includes the formation of a top-tier workforce in the Chinese organizations. Executive leadership that support and promote HR strategic development can be considered as another crucial strength of the SIHRM Strategy. Being a non-revenue producing department, one of the chief weaknesses of SIHRM includes budget constraints and frequent cuts.
Article 5: In this article, a framework has been implemented by the researchers to examine the strategies employed by the owners of family businesses. The framework proposed that family business gets affected due to numerous characteristics of the family and the manager of the business. The framework is consists of 4 major factors namely planning, organizing, leading and controlling. While the strength o the frame work include effective identification of the strategies implemented in family businesses, the weakness of the framework is its limited understanding of specific management activities, problems, and sources of assistance for these businesses.
What methodology has the authors used to collect data? Is the article cross cultural? If yes please explain why you think it is cross cultural.
Article 1: In order to collect data, secondary sources of information are collected.
Considering the fact that the research method involves only Romanian Constructional organizations, this article is not cross cultural.
Article 2: In order to collect data, 23 questionnaires have been used. Data is collected from 8 organizations from the constructional industry.
The provided article is not cross cultural.
Article 3: The methodology used in the article includes the method of multiple case studies. Qualitative research process has been used in this article. The research questioned focused on the what, why and how factors which affect SIHRM strategies in Chinese Multinational organization that operates overseas.
The article is definitely cross cultural. The research has been conducted on Chinese multinational; companies that operate overseas. Therefore, it can be clearly understood that that employees in such organization come from different cultural backgrounds.
Article 4: In this article analysis of secondary data has been performed. The article is associated with cross cultural concepts. The article deals with various types of leadership and how they influence the cultural behavior of employees in an organization.
Article 5: considering the fact that the purpose of the study is to investigate the difference in management strategies between small communities in US, the research has not been conducted from any cross cultural perspective. In order to conduct the research, small businesses located in the US communities have been analyzed. A household based survey has been organized to determine if whether anyone in the home owned a business.
How was the data analyzed? In other words what statistical tools were used?
Article 1: From the data collected, the evolutionary process has been divided into four phases. The first phase includes financial planning based on the budget of the enterprise achieved annually. The second phase includes strategies at the enterprise level. In the 3rd phase, search for the competitive advantage of the company has been performed. And finally, in the last phase, strategies in the new millennium have been developed.
Article 2: The data collected from the 23 questionnaires are statistically analyzed. The values of the normality test show that the data obtained are well modelled and have a normal distribution.
Article 3: In order to minimize the influence of various kinds of institutional environments on the SIHRM of the Organization, Chinese organizations three Chinese Multinational organizations that operate in Australia and have a similar type of ownership has been examined.
Article 4: After collecting the data from the secondary sources, the evolution of the findings of the secondary sources has been performed.
Article 5: For collecting data, approximately 14000 households were screened by telephone interviews. Out of 14000, 1116 samples were selected for the second round of interview. Out of the mentioned samples, 794 samples actually participated in the second round of interview.
Article 4: Findings and conclusion what were the findings and conclusion draw from the article?
Article 1: The advantages of strategic management include the development of clear vision as well as the mission of the organizations. Effective strategic management has the capability to reduce conflict in an organization. On the other hand, developing a strategic management framework is an expensive process. Hence the research has concluded that a consensus within the strategic management hardly can be reached since it includes fields like economics, psychology as well as sociology.
Article 2: It has been concluded that since the competition between organizations has enhanced in today’s world, it is highly imported for them to enhance their competitive advantage in the chosen market (Cristian-Liviu 2013). For this managers need to adopt high transparency level and create a dynamic organizational culture.
Article 3: From the research paper it has been concluded that Chinese Multinational Companies provide an ideal opportunity to understand the pattern of the behavior of multination organizations operating business overseas. It has been found that SIHRM approaches, like forming learning organizations, reconciling both home and host-country effects, reliance on host-country nationals and promoting ‘best practices’, facilitate their international operations.
Article 4: It has been concluded that majority of times, leaders are found to be underestimating the power and insights of the team members (Gately and Gately 2017). Hence it Is highly crucial for the leader to spend a good amount of time with the team members and share their perception of changes.
Article 5: After conducting the research it ha been found that managers of small businesses in Us who practices strategies that are developed after excessive planning and controlling are able to gain success in their businesses (Miller, McLeodand Young 2001). Findings also suggest that small family businesses operating in small communities may need assistance in understanding how to collect information about consumer satisfaction and in realizing the potential for strong return on investments offered by surveying consumers in the surrounding area.
How did the article contribute to the theories and concepts of Business Strategy?
Article 1: The mentioned article has provided several ways of thinking over the strategy as well as implicitly over strategic management.
Article 2: This article contains several ways enhancing the performance of the employees by implementing strategies to manage organizational culture.
Article 3: The research paper has several practical as well as theoretical implications for international business.
Article 4: This article has a thorough discussion on the type of leadership and how leaders should behave with their team members to enhance the overall revenue of the organization has been performed.
Article 5: this article has greatly contributed to the business theories and concept by discovering how successful family businesses operate in small communities is especially important, given the role they play in strengthening the economies of rural communities.
Reference List
Cristiana, P.Z. and Anca, B., 2013. New perspectives on strategic management process. THE ANNALS OF THE UNIVERSITY OF ORADEA, pp.1573.
Cristian-Liviu, V., 2013. Organizational culture and strategy: How does it work? An empirical research. Annals of the University of Oradea, Economic Science Series, 22(1), pp.1690-1696.
Fan, D., Zhang, M.M. and Zhu, C.J., 2013. International human resource management strategies of Chinese multinationals operating abroad. Asia Pacific Business Review, 19(4), pp.526-541.
Gately, K.,Gately, R., 2017. Culture driven governance: Why influencing behaviour is an essential governance strategy. Governance in Practice, pp. 271-274
Miller, N.J., McLeod, H. and Young Ob, K., 2001. Managing family businesses in small communities. Journal of Small Business Management, 39(1), pp
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