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This book is open access, which means that you have free and unlimited access
Identifies and clarifies the confusions of the strategy concept
Provides a novel comprehensive view of strategy and strategic decision
Explains reasons of having biases in strategic decision-makings
Illustrates essential approaches for assessing strategic decisions
Part of the book series: Management for Professionals (MANAGPROF)
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Table of contents (10 chapters)
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Front Matter
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Back Matter
About this book
The general scope of the book includes introductions to the three fundamental elements of strategy, three-sub decisions of a complete strategic decision, incomplete strategies, relationship between tactic and strategy, three elements of competitive and corporative strategies. There may be biases in company-level, real strategic decision-making which makes a complete strategy not necessarily a perfect one. The book introduces biases and reasons for the biases, helping industrial strategic decision-makers understand the importance of knowing the nature of the company, the industry and its environment. In addition, this book also presents principles and evaluation approaches of strategic decisions, explores the reasons for the excessive definitions of the strategy concept, and discusses directions of future’s research tasks.
The book will benefit business managers who are interested in knowing what a complete strategic decision is and how to avoid errors or biases in strategic decision-making. It also benefits students in business schools (especially in MBA/EMBA programs) who are (or will be) on executive positions. Academic researchers may find it is interesting to understand strategy from the view of the three elements. The new view provides a novel insight into strategy and promotes several research directions in the future. The three elements of strategy are also applicable to military strategies and readers who are interested in military and may find its value as well.
Keywords
- business strategy
- competitive strategy
- strategic decision
- tactics and strategy
- evaluation of strategy
- assessment of strategy
- future of strategy study
- China's cases in management
- open access
Authors and Affiliations
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School of Economics and Management, Tongji University, Shanghai, China
Xiu-bao Yu
About the author
Her areas of specialization are business strategy, and industrial safety management. She has done extensive consulting for companies in China including several state firms. She severed as National Review expert of Firm Safety Culture in China for two terms. In addition to publishing over 25 articles on academic journals, she has authored and co-authored two books and one textbook.Dr. Yu and her husband are close to 60 years old and have one son.
Bibliographic Information
Book Title: The Fundamental Elements of Strategy
Book Subtitle: Concepts, Theories and Cases
Authors: Xiu-bao Yu
Series Title: Management for Professionals
DOI: https://doi.org/10.1007/978-981-33-4713-7
Publisher: Springer Singapore
eBook Packages: Business and Management, Business and Management (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2021
License: CC BY
Hardcover ISBN: 978-981-33-4712-0Published: 30 March 2021
Softcover ISBN: 978-981-33-4715-1Published: 22 March 2022
eBook ISBN: 978-981-33-4713-7Published: 29 March 2021
Series ISSN: 2192-8096
Series E-ISSN: 2192-810X
Edition Number: 1
Number of Pages: XXVIII, 193
Number of Illustrations: 14 b/w illustrations, 39 illustrations in colour
Topics: Management, Operations Research/Decision Theory, Business and Management, general