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Opening up strategy formulation: Benefits, risks, and some suggestions

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  • Adobor, Henry

Abstract

Strategy is an important tool for competitive success and how firms formulate and implement strategy is widely discussed in both the academic and practitioner literature. Historically, there has been a divide between strategy formulation and execution. Strategy formulation has largely been associated with top management teams, while implementation was assigned to middle and lower-level managers. Organizations can benefit from broadening the strategy formulation process to include a range of both external and internal stakeholders. In this article, we explore the promise and risks associated with open strategy and offer some suggestions for overcoming associated dysfunctions.

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  • Adobor, Henry, 2019. "Opening up strategy formulation: Benefits, risks, and some suggestions," Business Horizons, Elsevier, vol. 62(3), pages 383-393.
    • Handle: RePEc:eee:bushor:v:62:y:2019:i:3:p:383-393
    DOI: 10.1016/j.bushor.2019.01.005
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    References listed on IDEAS

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    1. James M. Pappas & Bill Wooldridge, 2007. "Middle Managers' Divergent Strategic Activity: An Investigation of Multiple Measures of Network Centrality," Journal of Management Studies, Wiley Blackwell, vol. 44(3), pages 323-341, May.
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    Cited by:

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    2. Joanna Radomska & Aleksandra Szpulak & Przemysław Wołczek, 2023. "A multi-item scale for open strategy measurement," DECISION: Official Journal of the Indian Institute of Management Calcutta, Springer;Indian Institute of Management Calcutta, vol. 50(1), pages 51-71, March.
    3. Pittz, Thomas G. & Adler, Terry R., 2023. "Open strategy as a catalyst for innovation: Evidence from cross-sector social partnerships," Journal of Business Research, Elsevier, vol. 160(C).
    4. Radomska Joanna & Hajdas Monika & Wołczek Przemysław & Glinka Beata, 2023. "Wide open? Creative industries and open strategizing challenges," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 59(2), pages 117-136, June.

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