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Strategic Management Tools and Techniques Usage: a Qualitative Review

Author

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  • Albana Berisha Qehaja

    (Department of Management and Informatics, Faculty of Economy, University of Prishtina, "Agim Ramadani" n.n. 10000 Prishtinë, Republic of Kosovo)

  • Enver Kutllovci

    (Department of Management and Informatics, Faculty of Economy, University of Prishtina, "Agim Ramadani" n.n. 10000 Prishtinë, Republic of Kosovo)

  • Justina Shiroka Pula

    (Department of Management and Informatics, Faculty of Economy, University of Prishtina, "Agim Ramadani" n.n. 10000 Prishtinë, Republic of Kosovo)

Abstract

This paper is one of the few studies to review the empirical literature on strategic management tools and techniques usage. There are many techniques, tools and methods, models, frameworks, approaches and methodologies, available to support strategic managers in decision making. They are developed and designed to support managers in all stages of strategic management process to achieve better performance. Management schools provide knowledge of these tools. But their use in organizations should be seen in practice-based context. Consequently, some questions arise: Do they use these strategic tools and techniques in their workplace? Which strategic tools and techniques are used more in organizations? To answer these questions we have made a review of empirical studies using textual narrative synthesis method. Initially, this study presents a tabulation with a summary of empirical research for the period 1990-2015. The included studies are organized clustering them by enterprise size and sector and by country level development. A synopsis of the ten most used strategic tools and techniques worldwide resulted as follows: SWOT analysis, benchmarking, PEST analysis, "what if" analysis, vision and mission statements, Porter's five forces analysis, business financial analysis, key success factors analysis, cost-benefit analysis and customer satisfaction.

Suggested Citation

  • 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.
    • Handle: RePEc:mup:actaun:actaun_2017065020585
    DOI: 10.11118/actaun201765020585
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    References listed on IDEAS

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    1. Robert P. Wright & Sotirios E. Paroutis & Daniela P. Blettner, 2013. "How Useful Are the Strategic Tools We Teach in Business Schools?," Journal of Management Studies, Wiley Blackwell, vol. 50(1), pages 92-125, January.
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    8. 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.
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    Cited by:

    1. 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.

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