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....

Strategy model making has become a lucrative and growing industry. This industry appears to have no real purpose but superficially peddles the idea of a turnkey solution which is neither generic nor sustainable. As a result, the solution has now become part of the problem, obscuring the real...

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...

Aims to provide an overview of major work that has been carried out in the area of strategy development in the past and outlines how it will develop in the future. Presents an analysis of the term “strategy”. Discusses the evolution of different conceptual frameworks over time together with...

The increasing level of competition has had a major influence on the value system which defines the characteristics of an organization and its relation to internal and external environments. The value system is central to the reward structure and therefore determines the organization′s goals...

This paper introduces the concept of strategic advantage and distinguishes it from competitive advantage. This concept helps to explain the full nature of sustainable competitive advantage through uncovering the dynamics of resource‐based strategy. A new classification of resources emerges,...