Global Business Strategies In Crisis: Strategic Thinking And Development (contributions To Management Science)

As the world is currently in the midst of financial and economic crises, this collection of expert contributions focuses on strategy formation and implementation at various organizational levels to address the challenges ahead. The latest economic turmoil and its ongoing impact on business performance are compelling top managers to develop effective business strategies and redefine the boundaries of their operational and strategic activities. On one hand, tremendous challenges in the competitive business environment have become a source of global threats for many small entrepreneurs. On the other, investors faced with today’s volatile economic conditions demand more gains on their capital investments to counter-balance the growing risk of global threats. This book explores the question as to whether it is possible to efficiently and effectively address these threats and obstacles. Are managers capable of planning and implementing strategic actions? What should the major managerial strategy be in order to overcome fluctuations in a market-oriented society? The strategies and practices recommended here are aimed to design continuous development competencies and contribute to the stability, recovery and sustainability of global business operations under volatile economic conditions. This refreshingly novel book seeks to establish managerial strategies and practices for effectively responding to challenges in the competitive business environment, as global volatility and fluctuations continue to worsen. Front Matter....Pages i-xxi Front Matter....Pages 1-1 Institutional Approach to Strategic Management....Pages 3-14 Economic Approach to Strategic Decisions....Pages 15-29 Leading the Strategic Decision-Making Process: Conceptual Frameworks....Pages 31-42 Building Organizational Insight: Strategy and Organization....Pages 43-56 Strategies Out of Global Recession in Emerging Markets: An Application for 2008 Global Crisis....Pages 57-75 Alternative Strategies for Global Operations of Organizations....Pages 77-88 Front Matter....Pages 89-89 Building Competitive Strategies and Managing Stakeholder Relations....Pages 91-108 Human Side of Strategic Alliances, Cooperations and Manoeuvrings During Recession and Crisis....Pages 109-125 The Role of Organizational Identity on Strategic Management Applications....Pages 127-138 The Importance of Trust for Partnership and Collaboration in Volatile Economic Conditions....Pages 139-150 Complexity and Crisis Call for Shared Leadership and Empowered Teams....Pages 151-165 Front Matter....Pages 167-167 Establishing an Innovation Culture and Strategic Entrepreneurship....Pages 169-184 Strategies for Innovative Organization Structure: Innovative Culture and Open Innovation....Pages 185-199 Building Innovative Strategies for the Competitiveness of Family Firms in Emerging Markets....Pages 201-213 Innovative Processes in New Product and Service Development....Pages 215-229 Increasing Strategic Competitiveness Through Innovation: The Finance Perspective....Pages 231-242 Economic Growth and Dynamic R&D Investment Behavior....Pages 243-259 Front Matter....Pages 261-261 Risk Management Practices in Strategic Management....Pages 263-271 Reducing Risk Through Strategic Flexibility and Implementation Leadership in High-Velocity Markets....Pages 273-286 Implementing Adaptive Strategies of Decision Support Systems During Crises....Pages 287-302 Front Matter....Pages 261-261 The Formulation of Strategies to Mitigate Supply Risks....Pages 303-316 Front Matter....Pages 317-317 Applying Data Envelopment Analysis to Evaluate Firm Performance....Pages 319-334 Efficiency and Managerial Control in Financial Institutions....Pages 335-351 Examining Financial Innovation and Performance in Financial Sector: A Comprehensive Review of Emerging Markets....Pages 353-369 The Impact of Selected Firm Features on Sales Growth: Empirical Evidence from S&P500....Pages 371-383 Determinants of Working Capital in Emerging Markets: Do Economic Developments Matter?....Pages 385-397 Liquidity Position and Working Capital Adequacy of Companies in Turkey: Outlook from Industry Financial Statements....Pages 399-415 Determinants of Corporate Cash Holdings: Firm Level Evidence from Emerging Markets....Pages 417-428