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Conceptual Frameworks of Strategic Management

Author

Listed:
  • Wang Xiaoyang

    (Universiti Kebangsaan)

  • Noor Azuan Hashim

    (Universiti Kebangsaan)

Abstract

Plentiful works have been devoted to theories and practices of business management, but comparative studies of their advantages and limitations are rarely carried out. In an attempt to fill this gap, the article provides a systematic analysis of management concepts that have gained the major attention in recent years. The search was carried out using the Web of Science database. Ten theories were selected and analyzed in detail, which are the considered most frequently within selected body of articles. The spheres of their application, advantages and limitations, connections between them are indicated. This study deepens the understanding of the theories of entrepreneurship management and shows which of them are the most prolific for improving the efficiency and competitiveness of enterprises and shaping their strategic vision of the future. Directions for further research are shown to overcome the limitations of the presented concepts.

Suggested Citation

  • Wang Xiaoyang & Noor Azuan Hashim, 2023. "Conceptual Frameworks of Strategic Management," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 17(3), pages 78-87.
    • Handle: RePEc:hig:fsight:v:17:y:2023:i:3:p:78-87
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    References listed on IDEAS

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    JEL classification:

    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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