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Strategic Management, a Frill or a Need – An Empirical Study of Albanian and Macedonian Businesses

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  • Gjorgjieska Marika Basheska

    (Faculty of Economics - Prilep, University “St. Kliment Ohridski” Bitola, Macedonia (the former Yugoslav Republic of))

  • Kume Vasilika
  • Shahini Besa

    (Faculty of Economics and Business, Tirana University, Albania)

Abstract

Management experts have argued repeatedly that firms or companies should respond to environmental changes, by engaging in more systematic planning to anticipate and respond to changing and unforeseen events. The main aim of this paper is to investigate the situation of implementation of strategic management thought in two Balkan Countries in order to give valuable recommendations for improvement of these processes. Through an empirical study of both countries are given answers to the following questions: How do private businesses formulate, implement and evaluate strategies in Albania and Macedonia context? How and to what extent do contextual factors influence the action and performance of businesses? The empirical research upon which this paper is based has highlighted a number of valuable results in terms of new descriptive evidence of the levels of tool support and the top tools which are used by strategic management practitioners in Albania and Macedonia for a series of core strategic tasks.

Suggested Citation

  • Gjorgjieska Marika Basheska & Kume Vasilika & Shahini Besa, 2016. "Strategic Management, a Frill or a Need – An Empirical Study of Albanian and Macedonian Businesses," Scientific Annals of Economics and Business, Sciendo, vol. 63(2), pages 273-289, June.
    • Handle: RePEc:vrs:aicuec:v:63:y:2016:i:2:p:273-289:n:10
    DOI: 10.1515/saeb-2016-0121
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    References listed on IDEAS

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    1. Vasilika Kume & Etleva Leskaj, 2010. "Strategic Management Aspects In Albanian Companies," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 57, pages 353-368, november.
    2. -, 2003. "Aportes para una estrategia PYME en la Argentina," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2754 edited by Cepal.
    3. Dean Xu & Klaus E. Meyer, 2013. "Linking Theory and Context: ‘Strategy Research in Emerging Economies’ after Wright et al. (2005)," Journal of Management Studies, Wiley Blackwell, vol. 50(7), pages 1322-1346, November.
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