Title :
Analysis on Principle Observation, Path Selection Mechanism, and Risk Control of Enterprise Strategy Evolution
Author_Institution :
Sch. of Bus., Bohai Univ., Nanjing, China
Abstract :
The enterprise strategy depends on its capability with comparable advantage, if one enterprise wants to change its strategy, it must change its capability structure. Based on the above principle, the evolutionary path of enterprise strategy is decided by the following three elements: present strategy, environment change and senior management team, which produce effects by the inheritance, variation and selection mechanism. In addition, an enterprise must pay attention to the strategy-breaking risk, and solve it by enhance present strategy life-cycle or accelerate the input of new capability.
Keywords :
environmental management; organisational aspects; risk management; strategic planning; capability structure; comparable advantage; enterprise strategy evolution; environment change; evolutionary path; path selection mechanism; present strategy; principle observation; risk control; senior management team; strategy life-cycle; strategy-breaking risk; Acceleration; Economics; Organizations; Presses; Standards organizations; Stress;
Conference_Titel :
Management and Service Science (MASS), 2010 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-5325-2
Electronic_ISBN :
978-1-4244-5326-9
DOI :
10.1109/ICMSS.2010.5576668
