Strategy implementation is recognized as the source of frustrations and the black box of strategic management processes. This chapter summarizes research attempts in defining implementation problems and critical factors. Further on, based on previous empirical results, it suggests an integrated...

Referring to previous studies, more than 90% of well formulated strategies fail to be fully implemented (Bonoma 1984; Noble 1999; Nutt 1990; Kaplan, Norton 2005; Speculand 2009). The implementation phase is considered the Achilles' heel of the strategic management process. Most of strategic planning efforts...

Increased global competitiveness, reduced product life cycles, rapid technological advancements, and dynamic customer requirements have drastically altered the nature of competition. Researchers and entrepreneurs have different ways how to achieve competitive advantages. This article examines...

The process of strategic management is the core of the strategic management literature. The classical contributions of the founders of strategic management suggested that the process should be directed as deliberate and controlled as possible and every step should be rational based on data and...

Vilfredo Pareto (1848 - 1923) studying the inequality of welfare distribution in Italy during the nineteenth century developed a useful tool named „the principle 80:20“ which was later adopted in many fields to explain that a small number of causes can be responsible for a large percentage...

The purpose of this paper is to foster realistic reflections on the importance of stimulating research and development activities within national enterprises employing over 250 employees, based on the experience of prominent individuals, members of the top management team within these...

The concept of Corporate Social Responsibility (CSR) is increasingly present in the economic literature and helping to explain interactions between the economic entity and environment. Therefore, according to the contemporary economic conditions, it is necessary to accept the complementarity of...

For any business to grow and prosper, managers must be able to anticipate, recognise and deal with change in the internal and external environment. This paper examines the relationship between the external environment and strategy implementation process taking into account two perspectives of...