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What is Business Strategy

Chapter 17
Handbook of Research on Entrepreneurial Leadership and Competitive Strategy in Family Business
Plans and programs defined by an organization to achieve its medium and long-term objectives.
Published in Chapter:
Strategic Behavior in Family Firms: A Theoretical Insight Into Dynamic Familiness
Ismael Barros (Universidad Austral de Chile, Chile), Juan Hernangómez (Universidad de Valladolid, Spain), and Natalia Martín Cruz (Universidad de Valladolid, Spain)
Copyright: © 2019 |Pages: 23
DOI: 10.4018/978-1-5225-8012-6.ch017
Abstract
Previous research emphasizes that the participation of the family in business operations is the source of resources and capabilities that conditions the strategic behavior of the family firm. This influence has been recognized as “familiness.” However, this definition is contextualized from static reasoning that ignores the effect of family dynamics on the behavior and value generation of the family-owned business. Prior literature has recognized that the family influence has a dynamic character based on the idiosyncratic process of knowledge management that manifests itself in the company, dynamic familiness. This family capability is shaped by family organizational routines through the family influence and aims to increase its knowledge portfolios for the strategic use of its resources. This chapter addresses the relationship between family influence and the process of learning and knowledge management. The analysis of this relationship allows assessing how family influence can promote the generation of family organizational routines based on knowledge management processes.
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Chapter 107
Strategic Leadership in Higher Education: Embracing Challenge, Change, and Paradox
The plans and decisions that guide an organization toward the achievement of specified goals such as competitive advantage, market position, profitability, and sustainability.
Published in Chapter: Strategic Leadership in Higher Education: Embracing Challenge, Change, and Paradox; From: Encyclopedia of Strategic Leadership and Management
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Chapter 10
Entrepreneurial Innovative Business Strategies for COVID-19 Impact Minimization to Enhance Sustainability
Is a coordinated business plan linked together by specific business activities aimed at enabling a business to effectively and efficiently function.
Published in Chapter: Entrepreneurial Innovative Business Strategies for COVID-19 Impact Minimization to Enhance Sustainability; From: Handbook of Research on Strategies and Interventions to Mitigate COVID-19 Impact on SMEs
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Chapter 20
Accelerating the Adoption of Industry 4.0 Industrial Digital Technologies in the Manufacturing Business Value Chain
Is a set of competitive moves and actions that business uses to attract customers, compete successfully, strengthening performance, and productivity.
Published in Chapter: Accelerating the Adoption of Industry 4.0 Industrial Digital Technologies in the Manufacturing Business Value Chain; From: Handbook of Research on Integrating Industry 4.0 in Business and Manufacturing
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Chapter 11
National and Organizational Culture and Its Impacts on the Negotiations Between United States and Mexico in the Case of USMC-TEMEC
The plan that is designed and implemented to guide the use of resources available to a business based on the variables of its environment and context with the mission of achieving certain specific long-term objectives.
Published in Chapter: National and Organizational Culture and Its Impacts on the Negotiations Between United States and Mexico in the Case of USMC-TEMEC; From: Examining Cultural Perspectives in a Globalized World
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Chapter 461
One Organization, One Strategy
A description of the plans, actions, or steps an organization intends to take in order to strengthen and grow itself.
Published in Chapter: One Organization, One Strategy; From: Encyclopedia of Information Science and Technology, Second Edition
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Chapter 104
Machine Learning in the Real World
Business strategy is a term used to describe the process of defining the direction and scope of a business. It is also the process of developing and implementing the plans for achieving these goals.
Published in Chapter: Machine Learning in the Real World; From: Encyclopedia of Data Science and Machine Learning
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Chapter 13
Tourism Development in Least Developed Countries: Challenges and Opportunities
Means by which it sets out to achieve its desired objectives). It can simply be described as a long-term business planning.
Published in Chapter: Tourism Development in Least Developed Countries: Challenges and Opportunities; From: Handbook of Research on Global Hospitality and Tourism Management
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Chapter 8
Blue Ocean Strategy as a Framework for Business Innovation in China and Spain: A Summative Content Analysis of Innovation Initiatives and Value Propositions
Framed within an overarching corporate strategy, it encompasses actions within a business of a company to increase its own performance, productivity and sales, aligned with the mission, vision and goals established by top management in the corporate strategy.
Published in Chapter: Blue Ocean Strategy as a Framework for Business Innovation in China and Spain: A Summative Content Analysis of Innovation Initiatives and Value Propositions; From: Analyzing the Relationship Between Innovation, Value Creation, and Entrepreneurship
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Chapter 17
Business Process Engineering
A description of how a business will proceed in order to put himself in an improved state, according to its current position. The strategy may be addressed to increase market share, increase its competition by introduction of a new product or improvement of an already produced one, etc.
Published in Chapter: Business Process Engineering; From: Handbook of Research on Business Process Modeling
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Chapter 144
Impacts of Social Media on Today's Businesses
A plan articulating where a business looks to reach its goals and how to achieve them.
Published in Chapter: Impacts of Social Media on Today's Businesses; From: Encyclopedia of E-Commerce Development, Implementation, and Management
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Chapter 2
Examining Strategic Fit and Innovation in Terms of Competitive Strategies and Knowledge Management
It is considered as the means used to achieve the goals set by the organization. It is about how employees representing the organization must make decisions and allocate resources to achieve key objectives.
Published in Chapter: Examining Strategic Fit and Innovation in Terms of Competitive Strategies and Knowledge Management; From: Handbook of Research on Strategic Fit and Design in Business Ecosystems
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Chapter 9
The Impact of Digital Transformation on Business Strategy: A Closer Look on Success Determinants
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Chapter 84
Only One Evolving Strategy
A description of the plans, actions or steps an organization intends to take in order to strengthen and grow itself.
Published in Chapter: Only One Evolving Strategy; From: Encyclopedia of Information Science and Technology, Third Edition
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Chapter 46
Novell's Open Source Evolution
Business strategy or strategic management is the process of specifying an organization’s objectives, developing policies, and plans to achieve these objectives, and allocating resources in order to implement the plans ( http://en.wikipedia.org/wiki/Business_strategy ).
Published in Chapter: Novell's Open Source Evolution; From: Handbook of Research on Open Source Software: Technological, Economic, and Social Perspectives
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Chapter 4
Strategic Human Resource Management: Shaping Human Capital Development and Creative Work Behavior
Business strategy is a clear set of plans, activities, and goals that outline how a business will compete in a market with a product or services.
Published in Chapter: Strategic Human Resource Management: Shaping Human Capital Development and Creative Work Behavior; From: Post-Pandemic Talent Management Models in Knowledge Organizations
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Chapter 2
Management Accountants' Skills and Competencies: How Business Analytics Tools Reshape the Future
A business strategy encompasses all the decisions and actions taken by a company to accomplish its overarching goals. Having a comprehensive understanding of business strategy and executing it effectively can aid businesses in establishing themselves as market leaders within their industry. Essentially, a business strategy serves as the foundation of any enterprise, and any deficiencies in its execution can result in the abandonment of business objectives.
Published in Chapter: Management Accountants' Skills and Competencies: How Business Analytics Tools Reshape the Future; From: Advancement in Business Analytics Tools for Higher Financial Performance
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