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Strategic Management Tools and Techniques: A Comparative Analysis of Empirical Studies

Author

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  • Albana Berisha Qehaja

    (University of Prishtina, Faculty of Economy, Prishtina, Republic of Kosovo)

  • Enver Kutllovci

    (University of Prishtina, Faculty of Economy, Prishtina, Republic of Kosovo)

  • Justina Shiroka Pula

    (University of Prishtina, Faculty of Economy, Prishtina, Republic of Kosovo)

Abstract

There is no doubt that strategic management tools and techniques are important parts of the strategic management process. Their use in organizations should be observed in a practice-based context. This paper analyzes the empirical studies on the usage of strategic management tools and techniques. Hence, the main aim of this study is to investigate and analyze which enterprises, according to their country development level, use more strategic management tools and techniques and which of these are used the most. Also, this paper investigates which strategic management tools and techniques are used globally according to the results of empirical studies. The study presents a summary of empirical studies for the period 1990–2015. The research results indicate that more strategic tools and techniques are used in developed countries, followed by developing countries and fewest in countries in transition. This study is likely to contribute to the field of strategic management because it summarizes the most used strategic tools and techniques at the global level according to varying stages of countries’ economic development. Also, the findings from this study may be utilized to maximize the full potential of enterprises and reduce the cases of entrepreneurship failures, through creating awareness of the importance of using strategic management tools and techniques.

Suggested Citation

  • Albana Berisha Qehaja & Enver Kutllovci & Justina Shiroka Pula, 2017. "Strategic Management Tools and Techniques: A Comparative Analysis of Empirical Studies," Croatian Economic Survey, The Institute of Economics, Zagreb, vol. 19(1), pages 67-99, June.
    • Handle: RePEc:iez:survey:ces-v19_1-2017_berishaqehaja-kutllovci-shirokapula
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    References listed on IDEAS

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    1. Marek Lisiński & Mark Šaruckij, 2006. "Principles of the application of strategic planning methods," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 7(2), pages 37-43.
    2. Albana Berisha Qehaja & Enver Kutllovci & Justina Shiroka Pula, 2017. "Strategic Management Tools and Techniques Usage: a Qualitative Review," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 65(2), pages 585-600.
    3. John E. Prescott & John H. Grant, 1988. "A Manager's Guide for Evaluating Competitive Analysis Techniques," Interfaces, INFORMS, vol. 18(3), pages 10-22, June.
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    Cited by:

    1. Ola Khalid AlZawati & Hamdi Bashir & Imad Alsyouf, 2020. "Modelling and analyzing of critical success factors for implementing UAE’s Government Excellence Model in the public sector: an ISM and Fuzzy-MICMAC approach," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 11(6), pages 1107-1132, December.

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    More about this item

    Keywords

    strategic tools and techniques usage; empirical studies; developed countries; developing countries; countries in transition; global level;
    All these keywords.

    JEL classification:

    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other

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