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Investigation of strategic management tools and techniques

Author

Listed:
  • Anna Afonina

    (Department of Business and Management, Brno University of Technology, Kolejní 4, 612 00 Brno, CzechRepublic)

  • Vladimír Chalupský

    (Department of Business and Management, Brno University of Technology, Kolejní 4, 612 00 Brno, CzechRepublic)

Abstract

The paper is focused on investigation of strategic managmene tools and techniques used by Czech companies. The quantitative approach was used for the analysis of strategic management tools and techniques. The aim of the quantitative approach was to collect and analyse data about the awareness, satisfaction and utilization of strategic management tools and techniques. The empirical research was conducted via a questionnaire survey of Czech companies. Empirical data were collected from 74 companies in Czech Republic. For the data entry and processing data were used the Statictical package for the Social Science (SPSS). The study presents four groups of tools and techniques based on the perceived results of manager's utilization and satisfaction. The most of the examined tools and techniques concentrated on the two groups: (1) power tools, this group include the tools and techniques with high level of utilization and high level of satisfaction; (2) rudimentary tools, which includes the tools and techniques with low satisfaction and low utilization. The Spearman rank order correlation coefficient was used to identify the relationship between utilization of strategic management tools and techniques and managerial awareness. The results provide essential information on the application of strategic management tools and techniques, and indicate the level of managerial awareness of strategic management tools and techniques. In addition the findings indicate a positive relationship between the utilization of strategic management tools and techniques and managerial awareness.

Suggested Citation

  • Anna Afonina & Vladimír Chalupský, 2013. "Investigation of strategic management tools and techniques," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 61(4), pages 833-840.
    • Handle: RePEc:mup:actaun:actaun_2013061040833
    DOI: 10.11118/actaun201361040833
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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. 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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    Citations

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    Cited by:

    1. 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.

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