Analyses the impact of free market forces on organization characteristics. The traditional thinking about organizations is first examined. Shows that in a free market environment an organization can no longer be looked at as a static concept. A view of organizations of the future is put forward,...

Claims that by managing its processes strategically, an organization can maximize its knowledge development capabilities to the full in creating and exploiting business opportunities. Presents the concept of knowledge‐based competition and explores the changing nature of competition....

Although technology has always been, and will continue to be, the hallmark of human activity, it remains a poorly understood concept. There is little recognition that behind technology lies a technology, the accelerating application of which is making the presence of the technological revolution...

This paper explores the underlying principles on which effective model building can be explained in fast‐moving environments through an examination of qualities that govern the effectiveness of businesses and are shared by models that represent them. By studying a number of generic and...

Purpose – The purpose of this paper is to demonstrate the relationship between three concepts: organisations, transformability and the dynamics of strategy. These three concepts together with their interrelationships are central in explaining the life cycle of organisations, their survival and...

Purpose – The paper aims to question the post‐rational observations and traditional constructions of strategy in terms of what they achieve and what they fail to achieve, and seeks to reconstruct strategy as a multi‐dimensional, dynamic concept. Design/methodology/approach – For this...

Although the notion of competitiveness lies at the heart of business strategy development, its definition is often vague and does not lend itself to a measurement process. The competitiveness of an organization depends on a number of factors which are interrelated and cannot be looked at in...

As the pace of change is increasing in competitive environments strategy formulation and implementation is becoming a continuous and simultaneous process. Such a process requires a dynamic approach to strategy ownership which enables organizations to develop strategies at the point where the...