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Strategic Management, a Frill or a Need – An Empirical Study of Albanian and Macedonian Businesses

Strategic Management, a Frill or a Need – An Empirical Study of Albanian and Macedonian Businesses Abstract Management experts have argued repeatedly that firms or companies should respond to environmental changes, by engaging in more systematic planning to anticipate and respond to changing and unforeseen events. The main aim of this paper is to investigate the situation of implementation of strategic management thought in two Balkan Countries in order to give valuable recommendations for improvement of these processes. Through an empirical study of both countries are given answers to the following questions: How do private businesses formulate, implement and evaluate strategies in Albania and Macedonia context? How and to what extent do contextual factors influence the action and performance of businesses? The empirical research upon which this paper is based has highlighted a number of valuable results in terms of new descriptive evidence of the levels of tool support and the top tools which are used by strategic management practitioners in Albania and Macedonia for a series of core strategic tasks. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Scientific Annals of Economics and Business de Gruyter

Strategic Management, a Frill or a Need – An Empirical Study of Albanian and Macedonian Businesses

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Publisher
de Gruyter
Copyright
Copyright © 2016 by the
ISSN
2501-3165
eISSN
2501-3165
DOI
10.1515/saeb-2016-0121
Publisher site
See Article on Publisher Site

Abstract

Abstract Management experts have argued repeatedly that firms or companies should respond to environmental changes, by engaging in more systematic planning to anticipate and respond to changing and unforeseen events. The main aim of this paper is to investigate the situation of implementation of strategic management thought in two Balkan Countries in order to give valuable recommendations for improvement of these processes. Through an empirical study of both countries are given answers to the following questions: How do private businesses formulate, implement and evaluate strategies in Albania and Macedonia context? How and to what extent do contextual factors influence the action and performance of businesses? The empirical research upon which this paper is based has highlighted a number of valuable results in terms of new descriptive evidence of the levels of tool support and the top tools which are used by strategic management practitioners in Albania and Macedonia for a series of core strategic tasks.

Journal

Scientific Annals of Economics and Businessde Gruyter

Published: Jun 1, 2016

References