Supporting Strategy
Frameworks, Methods and Models
1. Auflage April 2007
426 Seiten, Softcover
Wiley & Sons Ltd
Kurzbeschreibung
It has long been acknowledged that making strategic decisions is difficult in today's environment of increasing uncertainty and complexity. Where can managers turn for support to explore and make such decisions ? This accessibly written book begins by describing a balanced process for strategy development, spanning direction setting, strategy creation, rehearsal, evaluation and choice, leading to a continuous process of adopting strategic initiatives. It then goes on to present a practical collection of frameworks, methods and models which both individually and in combination can be used to support strategy. The collection includes: drama theory, visioning methods, problem structuring methods, resource based view of strategy, SWOT / TOWS analysis, system dynamics, agent based modelling, scenario planning, decision and risk analysis, financial evaluation, real options, robustness analysis and performance measurement.
One of the novel features of this book is that approaches from the fields of both Strategy and Management Science / Operational Research are brought together in creating frameworks, methods and models that support strategy. Each chapter describes a different framework, method or model and is designed to introduce the reader to the topic to provide an insight into how they may use the approach in practice. Many of the chapters also describe case studies of how organisations have used the particular framework, method or model in practice. This is an invaluable guide to the practice of supporting strategic development
"In this unique book, management science lifts its view to take in the broader horizons of strategy. the result is a frame work for strategy development, and a range of methods and models to make it operational." - Professor Jonathan Rosenhead, London School of Economics
"This book will be invaluable for both strategists who need practical tools and for management scientists who are interested in strategic decisions."- John Mingers, Professor of Operational research and Systems, Kent Business School, University of Kent, UK
"The authors see strategy formulation and implementations as inseparable activities in which every organisation engages on a continuous basis. This means that this book has the wide scope needed by a manger, from visioning through to performance measurement and financial evaluation. By brining the range of contributors need to cover this space, the authors have managed to provide both a conceptual frame work and the detail needed by real managers who can benefit from the tools and methods described." - Gill Ringland, CEO and Fellow, SAMI Consulting, St Andrews Management Institute
In Changing world, there is no option to stand still; organisations need to review their direction, to create new initiatives, and crucially they need to rehearse their ideas rather than hope for the best.
Supporting Strategy: Frameworks, Methods and Models provides the reader with a balanced process for strategic development, spanning direction setting, strategy creation, rehearsal, evaluation and choice, leading to a continuous process of adopting strategic initiatives. It brings together tools from the fields of Strategy and Operational research/ Management Science, Creating a unique collection of practical frameworks, methods and models that individually and in combination provide a valuable resource for the practice of supporting strategy. Topics covered by the book include: drama theory, visioning, problem structuring methods, resource based view of strategy, SWOT/TOWS analysis, system dynamics, agent based modelling, scenario planning, decision and risk analysis, financial evaluation, real options, robustness analysis and performance measurement.
This book is a valuable resource for managers how are looking for ways to support strategic development in their organisations. It is also essential reading for students studying management science/operational research and strategy courses.
The Strategic Development Process Model
Decision / Risk Analysis
System Dynamics
Drama Theory / Stakeholder Analysis
Visioning
Scenario Planning
Resource Planning
Resource Based View / Five Forces / SWOT Analysis
Cognitive Mapping
Performance Measurement
Game Theory
Real Options / Robustness / Flexibility / Contingency Planning
Robert Dyson is Professor of Operational research at Warwick business School. He has served as Dean of the Business School and Pro-Vice- Chancellor of the University of Warwick. He has also been Chair of the Committee of Professors of Operational research and President of the Operational Research Society. He researches and publishes in data envelopment analysis, performance measurement and OR and strategy, and is an Editor of the European Journal of Operational research. Prior to joining Warwick he worked for Pilkington plc.
