Effective Strategic Management Research Articles

Strategic leadership and management within non-profit organizations: An in-depth review of practices contributing to sustainable impact

This study provides an in-depth review of strategic leadership and management practices within non-profit organizations (NPOs) and their contribution to sustainable impact. Employing a systematic literature review and content analysis, the research aims to explore the evolving landscape of strategic leadership, define the scope of leadership and management in achieving sustainable impact, and identify innovative management practices that enhance organizational sustainability. The methodology involved a comprehensive search across peer-reviewed journals, conference proceedings, and grey literature from 2013 to 2023, focusing on empirical evidence, theoretical frameworks, and case studies relevant to NPOs' strategic leadership and management. Key findings reveal that adaptive leadership, innovative management practices, stakeholder engagement, and technology integration are crucial for NPOs to navigate operational complexities, engage stakeholders effectively, and achieve mission-driven objectives. The study proposes strategic recommendations for NPOs to enhance their sustainable impact, including adopting adaptive leadership styles, fostering innovation, integrating technology, and building resilient organizational frameworks. The study underscores the importance of policy development to guide non-profit leaders towards best practices in strategic leadership and management. It also highlights future research directions, emphasizing the need to explore the impact of emerging technologies, globalization, and cross-cultural dynamics on NPOs. Conclusively, the research affirms that effective strategic leadership and management are indispensable for enhancing the sustainable impact of NPOs, advocating for continuous innovation and adaptability in the non-profit sector.

Holistic Approach to Strategic Management in Islamic Education

This study aims to analyze the strategic management of Islamic education through the process of formulation, implementation, monitoring, and evaluation. The methodology used is qualitative research with data collection techniques in the form of in-depth interviews, observations, and document analysis. The results of the study indicate that the process of formulating strategies in Islamic education involves identifying clear visions, missions, and objectives, as well as analyzing the internal and external environment. Implementation of strategies is carried out through the preparation of work programs, allocating resources, and developing appropriate curriculum. Monitoring and evaluation are carried out periodically to ensure the achievement of objectives and make improvements if necessary. The conclusion of this study is that effective strategic management in Islamic education requires careful planning, consistent implementation, and continuous evaluation. The recommendations given include: (1) strengthening the managerial capacity of Islamic education leaders, (2) increasing stakeholder participation in the planning and evaluation process, and (3) developing a management information system that supports appropriate decision making

Toward strategic supremacy through absorptive capacity: The mediating role of organizational ambidexterity at Jordanian commercial banks

Disruption in the business environment imposes undeniable realities that require effective strategic management; therefore, the need to develop a particular type of force capable of achieving proactive strategies, influencing competitors’ behavior, and balancing competitive forces has arisen. This study aimed to examine the impact of absorptive capacity on achieving strategic supremacy and the mediating role of organizational ambidexterity within Jordan’s commercial banking industry. It employs 513 questionnaires from middle and upper management through proportionate stratified random sampling. It adopts a quantitative approach through partial least squares structural equation modeling to construct a research model comprising factors affecting strategic supremacy and the mediating role of organizational ambidexterity and validate the research hypotheses. The study revealed that absorptive capacity significantly impacts organization ambidexterity (β = 0.764, t = 33.939, p = 0.000) with explanation power (R2 = 0.584). Organizational ambidexterity has a significant positive impact on strategic supremacy (β = 0.561, t = 12.469, p = 0.000). Absorptive capacity has a significant positive impact on strategic supremacy through organizational ambidexterity (β = 0.334, t = 6.963, p = 0.000) with high explanation power (R2 = 0.712), which means that 71.2% of the variance in strategic supremacy has been explained by absorptive capacity and organizational ambidexterity. Moreover, organizational ambidexterity partially mediates their relationship. It also found that the model’s predictive power was moderate. The study concludes that Jordanian commercial banks have placed high importance on identifying and acquiring valuable external knowledge and balancing their short-term and long-term opportunities to achieve strategic supremacy, leading to sustainable competitive advantage.

Joint Impact of Market Volatility and Cryptocurrency Holdings on Corporate Liquidity: A Comparative Analysis of Cryptocurrency Exchanges and Other Firms

This study examines the impact of market volatility and cryptocurrency holdings on corporate liquidity, with a particular focus on the differences between cryptocurrency exchanges and other businesses. The analysis is based on 181 firm-year observations from 2017 to 2022, using Bitcoin volatility, VIX, and VKOSPI as indicators of market volatility. Ordinary Least Squares (OLS) and robust regression analyses are employed to assess the relationships between these variables. It is first noted that, albeit insignificant, market volatility has a detrimental influence on company liquidity. The positive correlation for cryptocurrency exchanges, however, suggests that cryptocurrency exchanges could potentially leverage market volatility as a strategic advantage. Additionally, the study shows that cryptocurrency holdings enhance corporate liquidity, with a stronger association observed in cryptocurrency exchanges. The analysis also incorporates lagged variables to capture delayed effects, confirming that cryptocurrency holdings exert both immediate and delayed positive impacts on liquidity, likely due to effective strategic management practices within exchanges.

Voices from within: Employee Perspectives in the Leading Insurance Company in Cagayan de Oro City

Since human people are an organization's most treasured asset, it is pivotal to learn how they can contribute to the organization efficiently, effectively and productively. This has been a tremendous challenge on the HR manager to evaluate actions and procedures that will progress the organization's efficacy. The aim of this qualitative study is to offer a wide-ranging notion of how human resource managers can enhance procedures to advance organizational performance in the leading insurance firm in Cagayan de Oro City. The study used a qualitative research design, concentrated on the transcendental phenomenological design of Husserl. Transcendental phenomenology (TPh), is a philosophical method to qualitative research design that pursues to comprehend human experience, it was established with noteworthy input from Husserl (Moustakas, 1994). Transcendental phenomenology is grounded on the principle that all previous assumptions (epoche) must be set away in order to see incidences through clear manifestations. By having this, it permits the factual implication of the phenomena to appear naturally alongside and within their exceptionality (Moustakas, 1994). Fifteen (15) individual participants from the insurance industry were involved in the study. In addition, semi-structured interview was created and conducted for triangulation purposes. After collecting relevant data from participant answers, a Thematic Approach was utilized to commence data analysis using Husserl's Phenomenological research design. The results showed that the factors influence the adoption of Strategic Human Resource Management Practices were competitive pressure, leadership and management and financial capability of the organization. Moreover, the participants indicated that the type of commitment that they have in their organization were continuance commitment, affective commitment and normative commitment. Furthermore, the participants gave answer on the influence of effective Strategic Human Resource Management practices in their organization which were employee involvement, employee retention and better organizational performance.

The CFO's Playbook: Strategic Financial Management For Competitive Advantage

This study explores the impact of Strategic Financial Management and Financial Planning and Analysis on Competitive Advantage within Bank Syariah Indonesia KC Ternate, with a focus on the mediating role of Financial Decision-Making Quality. Utilizing a quantitative research design, data was collected from 70 customers through structured questionnaires and analyzed using Smart PLS (Partial Least Squares). The findings reveal significant direct effects of Strategic Financial Management and Financial Planning and Analysis on Competitive Advantage, with coefficients of 0.50 and 0.32, respectively. Additionally, the analysis uncovers significant indirect effects where both Strategic Financial Management and Financial Planning and Analysis influence Competitive Advantage through improved Financial Decision-Making Quality, with coefficients of 0.25 and 0.21, respectively. These results underscore the critical role of high-quality financial decision-making in enhancing the competitive advantage of the bank, highlighting the need for effective strategic financial management and planning to drive organizational success.

The Impact of Strategic Management on Organizational Performance: An Empirical Study

In today's era of globalization and intensifying market competition, business leaders, particularly in the food and beverage (F&B) industry, are compelled to pursue continuous innovation and implement effective strategic management practices to remain competitive and succeed in an increasingly complex market. In this study, we will delve deeply into the implementation of strategic management in an F&B enterprise, namely Ayam Guling Mister (AGM). It is the aim of this research to provide readers with an understanding of the concepts and basic principles of strategic management and their applicability to the F&B industry. Furthermore, the factors influencing the successful implementation of strategic management will be discussed. This research employs a qualitative approach, which is particularly suited to the investigation of the application of strategic management in the context of food and beverages production. This enables the perspectives of organisational leaders on the management of strategic initiatives to be elucidated, thereby facilitating an understanding of the processes involved in maintaining the viability of a product. The findings from this research indicate that the implementation of strategic management at AGM is crucial to ensure business success and sustainable growth.

STRATEGIC PLANNING IN THE MANAGEMENT OF CULTURAL AND ART ORGANIZATIONS

Strategic planning, originally designed for industrial enterprises to enhance business performance, has evolved into a widely adopted concept across various sectors, including cultural and art organizations. This study focuses on the processes of strategic planning in Kazakhstan, aiming to provide practical recommendations for implementing a strategic planning and management system in state cultural and art institutions. The research holds significant scientific and practical importance, especially within the context of modern society and the cultural industry's development. Investigation into strategic planning for cultural and arts organizations contributes to the formulation of effective strategies, fostering growth in the cultural sector. The authors conducted a comprehensive review, including an examination of scientific literature, content analysis, and a review of strategic documents, state programs, and reports from domestic and international organizations. The study evaluates the impact of Kazakhstan's new state strategic planning system developed in 2021 on the creation of strategic documents that facilitate the growth of culture and art in the country and the region. An analysis of existing strategic documents at regional, local, and institutional levels revealed shortcomings in areas such as document structuring and information transparency. Notably, the study identified issues in the newly implemented state strategic planning system, shedding light on its influence on cultural and arts development. The research's novelty lies in addressing the lack of similar studies on strategic management in cultural and arts organizations. The proposed sequence for forming strategic documents, emphasizing effective strategic management and planning in the cultural and arts sector, enhances the practical significance of this research.

Penerapan Manajemen Strategik Menggunakan Analisis SWOT di SMP Muhammadiyah 1 Berbah Sleman

This article focuses on the implementation of strategic management using SWOT analysis at SMP Muhammadiyah 1 Berbah. The study aims to explore the implementation of strategic management in the school and provide strategy recommendations based on strengths, weaknesses, opportunities, and threats (SWOT) analysis. Data were collected through observation and interviews with the principal of school, and teachers. The findings were analyzed using the SWOT analysis method and IFAS/EFAS calculations that help identify internal and external factors that affect school performance. This research emphasizes the importance of effective strategic management in achieving educational goals and maintaining competitiveness. The results of the analysis can be valuable input for formulating recommended strategies to capitalize on strengths, address weaknesses and take advantage of opportunities while mitigating threats. The results of this study show that strengths have a total value of 3,7 inversely proportional to weaknesses with a total value of 0,65. The company's position has opportunities with a total value of 4 compared to threats with a total value of 1,7. According to the SWOT analysis calculation, the highest value is obtained from the Strenght-Opportunities combination with a value of 7,7.

THE ROLE OF EFFECTIVE STRATEGIC MANAGEMENT IN SECONDARY EDUCATION INSTITUTIONS IN TEACHING MOTIVATION OF V-XI CLASS TEACHERS

This article explores the role of effective strategic management in schools in the teaching motivation of teachers in grades 5-11. The study found that creating a more motivating learning environment for teachers, a more stimulating learning environment for students and, finally, improving the quality of education is directly related to existing principles of strategic management. The article analyzes effective management measures based on teachers' responses, aimed at increasing pedagogical motivation and ensuring more active participation of students in the educational process.

Стратегическое управление социально-экономическим развитием: конституционно-правовые аспекты

The article opens a series of publications devoted to the constitutional and legal aspects of strategic management of the socio-economic development of the state. The time is passing when in Russia “planning” was considered incompatible with market relations, despite the fact that it has long been implemented in countries with market economies, and is sometimes enshrined constitutionally. Although the turn to strategic planning in Russia is usually justified by economic considerations, there are also constitutional and legal arguments. The idea of creating a strategic management system is connected with the fact that all the concepts and development strategies adopted over the past decades turned out to be largely unfulfilled, and many of the provisions contained in them were initially incorrect; The adoption of the law on strategic planning, which was criticized by experts for producing a stream of poorly consistent documents, did not improve the situation. Creating an effective strategic management system requires a clear definition of the subject, object, management tools, as well as its stages, modeling, resource support and apparatus for assessing the results achieved. This article examines the stages of strategic management from a constitutional and legal position, in particular, it is proposed to provide two additional initial stages that bring the process into greater compliance with both the theory of systems management and the basic constitutional provisions; the concept of “algorithmic modeling” is revealed; a conflict is revealed between the legal force of goal-setting documents of strategic planning and other acts, including those fixing its resource provision, as well as the problem of insufficient coherence of policies implemented both by different bodies (and other subjects) at the same level of public authority, and at its different levels ; ways to resolve relevant problems and conflicts are proposed. The regulatory and legal aspects that require consideration when developing an apparatus for assessing the results of strategic management are revealed, and the feasibility of moving to target indicators that are more consistent with modern ideas about development is considered.

Strategic management and its influence on the economic and financial situation of the MSEs in the hardware sector of the Jesús María district, in times of pandemic

The objective of this research was to determine the relationship between strategic management and the economic and financial situation of micro and small enterprises (MSEs) in the hardware sector of the Jesús María district during the COVID-19 pandemic in the period 2020-2021. A quantitative approach and correlational scope were used, with a sample of 26 MSEs and the data collection technique was a survey. The results showed a very high positive correlation between strategic management and the economic and financial situation, supporting the importance of strategic management in the competitiveness and economic development of MSEs. It was concluded that strategic formulation, strategic execution, and strategic control are also related to the economic and financial situation of MSEs. These conclusions have significant implications for companies in the hardware sector, as they highlight the importance of effective strategic management in times of crisis. The findings support the need to plan, execute, and control strategies to face economic and financial challenges.

Effective Strategic Organisational Transformation and Change Management for The South African Financial Services Sector

Effective Strategic Organisational Transformation and Change Management for The South African Financial Services Sector

Strategic Priorities for the Development of Food Security of the State Taking into Account Hybrid Threats and Challenges

Relevance. Food security is one of the most urgent and complex problems of the modern world. In the context of globalization, climate change, economic fluctuations and other factors, ensuring the stability and reliability of food security is becoming a complex task that requires effective strategies.The purpose is to analyze and evaluate strategic priorities in the field of food security, taking into account complex hybrid threats and challenges. Objectives: identification of strategic alternatives; development of a mathematical model with fuzzy variables and rules for evaluating strategic alternatives; analysis of evaluation results to identify the most effective strategic directions.Methodology. The research methodology included the use of fuzzy logic methods to build a mathematical model for evaluating strategic alternatives.Results. As a result of the study, it was revealed that the strategic alternative S1 received the highest rating, emphasizing its key importance for the sustainability of the food system. Alternatives S7, S9, S4 and S3 also have high ratings, which makes them potentially effective for ensuring food security. Alternatives S10, S8, S2, S6 and S5 are less of a priority, but are important for reducing various risks associated with food security, such as lack of food and vulnerability of supplies.Conclusions. The results of the study allowed us to conclude that the use of the fuzzy logic tool provides an opportunity to conduct a deeper and more comprehensive analysis of complex factors affecting food security. This approach allows us to take into account the uncertainty and multidimensionality of data related to the food system and introduce more accurate modeling of this dynamic area. Such a method enriches the decision-making process in the field of food security, contributing to the development of more effective strategic decisions and management approaches that take into account a variety of factors and their interaction. This contributes to improving the quality of research and helps to form more rational and informed strategies that contribute to ensuring the stability and reliability of food security.

The Effect of Strategic Management and Principal’s Competency on Teacher’s Teaching Quality

The low quality of education in Indonesia is caused by the low competence of educators. To improve the teaching and learning process, teachers must be responsible and accountable. The school principal’s strategic management values can also contribute to educational improvement. The principal’s role includes planning, organizing, mobilizing, and evaluating resources to achieve the school’s vision, mission, and goals. The researchers’ study regarding the influence of strategic management and principal competence on the quality of teaching at SMPIT in Prabumulih City is quite interesting. This research examines the impact of principal strategic management, principal competence, and teacher teaching quality at Prabumulih City SMPIT schools, specifically SMPIT Ishlahul Ummah and SMPIT Al Hasanah. The study uses a census sample of 53 teachers, utilizing questionnaires, observation, and documentation methods to gather data. The research reveals that strategic management significantly influences the teaching quality of teachers at SMPIT in Prabumulih City, while the school principal’s competency significantly impacts the teaching quality. The combined effect of these two factors is 78%, with 22% influenced by other variables.

СТРАТЕГІЧНЕ УПРАВЛІННЯ ІНВЕСТИЦІЙНОЮ ДІЯЛЬНІСТЮ НА ПІДПРИЄМСТВАХ З ПЕРЕРОБКИ ТВЕРДИХ ПОБУТОВИХ ВІДХОДІВ

The article demonstrates that Ukraine faces significant challenges in the management of solid household waste. These issues include the absence of a clear waste disposal strategy and insufficient attention to environmental safety. Most landfills in Ukraine fail to meet safety standards and environmental norms, posing a threat to the surrounding environment. Effective resolution of these problems involves the implementation of advanced solid household waste processing technologies and the improvement of waste management systems to ensure sustainable resource utilization and reduce negative environmental impact. The prospects for the development of enterprises involved in solid household waste processing are discussed, including societal awareness of environmental pollution issues and the need for protection, legislative initiatives aimed at reducing waste volumes, and technological progress enabling the creation of new products from recycled waste while minimizing environmental impact. It is argued that the development of this sector can stimulate investments and contribute to the creation of new jobs in the environmental economy. It is argued that effective strategic management of investment activities in enterprises dealing with solid household waste processing is a crucial factor in their successful development and achieving competitive advantage in the market. It is demonstrated that based on the analysis of the enterprise’s needs and opportunities, an investment strategy should be developed to align with strategic goals and enhance its competitiveness. This strategy involves optimal resource utilization to ensure sustainable development and maximize financial results. The main stages of developing and implementing the investment management strategy in enterprises dealing with solid household waste processing include market and needs analysis, selection of investment directions, evaluation of investment projects, development of an investment plan, implementation of investment projects, monitoring and control, evaluation of results, and strategy adjustment. It is proposed that for maximum effectiveness, these stages of the strategy should be implemented comprehensively.

Analysis of the implementation of business ethics and strategic management in companies in Indonesia

The purpose of this study is to analyze the implementation of business ethics and strategic management in companies in Indonesia. The method used in this study is a descriptive method with a qualitative approach. Data collection techniques use documentation techniques. Data analysis is inductive / qualitative and the results of qualitative research emphasize meaning rather than generalization, namely triangulation (combined) techniques. The results of the study found that the analysis of the implementation of business ethics and strategic management in companies in Indonesia confirms that business ethics is a very important aspect for the survival of the company. Companies that apply business ethics well can build trust from colleagues, the community, and customers, which is an important capital to maintain business continuity. Therefore, companies have a responsibility to maintain and improve standards of business ethics to achieve sustainable growth. On the strategic management side, its role is also very important in achieving the company's long-term goals, adapting to changes in the business environment, and directing human resources. By implementing good business ethics and effective strategic management, companies in Indonesia can better face business challenges and contribute to sustainable economic growth.

Diversity management and firms’ internationalization: Evidence from French SMEs

Although internationalizing small- and medium-sized enterprises (SMEs) are heterogenous as a population, they face similar resource constraints, such that resource management is central to their internationalization efforts. However, the management of diversity, as a specific resource, remains insufficiently studied. Building on resource-based theory, this article explores how SME managers assign value to diversity and implement diversity management across various types of internationalizing SMEs. The multiple-case qualitative study, involving 14 SMEs that represent traditional internationalizers, early internationalizing firms, and born-again globals, reveals that diversity is valued and managed differently by different categories of internationalizing SMEs. For early internationalizing firms, within-type heterogeneity is stronger than between-type heterogeneity. Furthermore, SMEs may value resource diversity as instrumental, terminal, or even destructive, which influences how they manage it. In presenting ideas for the effective strategic management of diversity, as displayed by some SMEs, this article contributes to research on SMEs’ internationalization and diversity management.

IMPROVING THE EFFICIENCY OF THE BALANCED SCORECARD SYSTEM IN ECONOMIC ENTITIES

This thesis aims to investigate and propose strategies for improving the efficiency of the Balanced Scorecard (BSC) system in economic entities. The BSC is a widely used performance measurement framework that incorporates financial and non-financial indicators to evaluate and monitor organizational performance. While the BSC has proven to be effective in many organizations, there is room for improvement to enhance its efficiency and maximize its benefits. This thesis explores various directions to optimize the implementation and utilization of the BSC, ultimately contributing to more effective strategic management and decision-making.

Strategic Management Practices in Dynamic Business Environments

This research delves into an exploration of strategic management practices within organizations operating in dynamically changing business environments. The primary objective is to provide insightful perspectives on how businesses adeptly navigate and adapt their strategies to not only endure but thrive amid swift and continuous changes. Employing a robust mixed-methods approach, the study integrates quantitative analysis derived from survey data with qualitative examination through case studies. The quantitative facet involves collecting and analyzing survey data from a diverse array of businesses in dynamic environments. This survey aims to quantify various strategic management practices, offering statistical insights into the prevalence and effectiveness of different strategies. Simultaneously, the qualitative component encompasses in-depth case studies conducted on select organizations. Through interviews, document scrutiny, and direct observation, this phase seeks to unravel nuanced insights into specific strategic practices responding to dynamic business conditions. Key findings from this dual-method approach shed light on the factors contributing to effective strategic management in dynamic contexts. The discussion emphasizes the significance of adaptability, innovation, and proactive planning in strategic management practices. These insights have practical implications, offering valuable guidance for practitioners engaged in strategic decision-making, helping businesses enhance their resilience and competitive positioning in dynamic environments. Furthermore, scholars can use this study as a foundation for further exploration and theoretical development in the field of strategic management. In conclusion, this research significantly contributes to understanding effective strategic management amid dynamic business environments, benefiting both practitioners and scholars.