A stakeholder perspective of strategy formation

Booth, C and Segon, M 2008, 'A stakeholder perspective of strategy formation', International Review of Business Research Papers, vol. 4, no. 5, pp. 320-334.

Document type: Journal Article
Collection: Journal Articles

Title A stakeholder perspective of strategy formation
Author(s) Booth, C
Segon, M
Year 2008
Journal name International Review of Business Research Papers
Volume number 4
Issue number 5
Start page 320
End page 334
Total pages 15
Publisher World Business Institute
Abstract Strategy formation traditionally involves the use analytical tools and highly structured processes (Heracleous, 1998; Wilson, 1998; Mintzberg 1994; Porter, 1980). This approach continues to assist in surfacing the 'wicked' nature of strategic issues and testing of assumptions in strategy making, (Christensen, 1997; Mason and Mitroff, 1981), however theorists and practitioners in the past decade have identified a shift to more emergent characteristics in the strategy making process combining stakeholder considerations and strategic conversations during strategy formation with select stakeholders (Moss Kanter, 2002; Liedtka 1998a, 1998b; Heracleous, 1998; Christensen, 1997). The first acknowledgements of the approach to consider stakeholder needs in strategy formation date back to Freeman (1984). This paper presents case analysis of field investigations of strategy formation processes on two organizations. In both organizations the principal author facilitated strategy development processes with board members, senior executives and staff. A core theme in the strategy making process for each organization was the strong emphasis on stakeholder considerations in strategic thinking (Ohmae, 1982; Heracleous, 1998; Liedtka 1998a, 1998b) and also in developing strategic plans using emergent practices to supplement traditional planning process in strategy formation (Christensen, 1997; Mintzberg, 1994; Mintzberg and Waters, 1985).
Subject Organisation and Management Theory
Keyword(s) strategy
strategy formation
stakeholder theory
ISSN 1832-9543
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Created: Wed, 22 Dec 2010, 10:15:00 EST by Catalyst Administrator
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