Strategic Management Practices Research Articles

Generative-based community sustainable tourism development: From conceptualization to practical framework

This study explores the impact of generativity on supporting sustainable tourism development (SSTD) in Jecheon City, South Korea, a destination renowned for its captivating natural landscapes, including a national park and a lake. Faced with the environmental challenges posed by increasing tourist numbers, this research employs a mixed-method approach to investigate the causal relationships between place attachment and SSTD, informed by generativity concepts. It develops a comprehensive framework for generative community-based management. Survey data from local residents, coupled with insights from national experts, confirm a significant correlation between residents' place-based identity and their generativity. Based on these findings, the study proposes a novel six-step plan aimed at enhancing SSTD through strategic community management practices. Although the study focuses on a specific region, its findings have broader implications, suggesting the need for further research across diverse cultural and geographic contexts to validate and refine the proposed model.

The Relationship between Financial Inclusion and Women’s Financial Worries: Evidence from Saudi Arabia

Financial inclusion is essential in achieving sustainable development goals in emerging countries. Goal number five of the sustainable development agenda, “Gender equality”, depends on women’s financial empowerment. It enhances women’s ability to make decisions, access resources and income, and control benefits from economic gains and power. The paper investigates the relationship between financial inclusion and women’s financial worries, using the 2021 Global Financial Inclusion Survey recently published by the World Bank for the Kingdom of Saudi Arabia. This paper examines the effects of several aspects of inclusive finance, access, usage, and quality on women’s financial worries. The research implements an ordered probit analysis and contributes to the literature on women’s financial empowerment and inclusion by demonstrating that having access to financial services empowers women to make decisions about their lives, which greatly improves their welfare and sense of security. These findings provide policymakers with different targeted policies and strategic management practices to substantially improve financial inclusion and alleviate financial concerns within the population, especially among women.

Strategic Management Practices and Organizational Performance of Agricultural State Corporations Within North Rift Region, Kenya

Strategic Management Practices and Organizational Performance of Agricultural State Corporations Within North Rift Region, Kenya

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.

The Impact of Strategic Project Management on the Success of Construction Projects in the Contracting Sector in Riyadh

This study aimed to identify the impact of strategic management on the performance of construction projects in Riyadh. The impact was examined across dimensions including environmental analysis, strategy formulation, strategy implementation, and strategy evaluation, and measured against project efficiency, adoption of innovation, and sustainability. The research employed a descriptive and analytical approach, reviewing relevant Arabic and foreign references to establish theoretical foundations. Additionally, a field study was conducted through the distribution of questionnaires to construction project managers in Riyadh, Kingdom of Saudi Arabia. A total of 394 individuals participated in the study using a simple random sample method for data collection. The research yielded several key findings, indicating a high level of success in construction projects, with a strong positive correlation between strategic project management and project success in the Kingdom. Strategic project management was found to explain 78.9% of the changes in project success, with an increase of 1% in strategic project management correlating to a 0.391% increase in professional project success. However, the main hypothesis of the study was found to be invalid. Based on the results, recommendations were made, including the adoption of project management methods integrating strategic aspects and the encouragement of companies to implement continuous improvement of strategic project management practices to enhance long-term competitive capabilities.

Аспекти стратегічного спрямування діяльності підприємств

The article examines aspects of the strategic direction of enterprise activity. We proceed from the fact that the enterprise, by definition, is a purposeful, open system that exchanges goods and material values, energy, and information with the external environment. Pay attention to the strategic direction of the enterprise’s activities from the point of view of its management to maintain its level of system excellence, particularly system potential and the ability for sustainable development. The management of domestic enterprises still perceives most aspects of strategic management as formal processes that are declared but, in fact, still need to form the basis of the enterprise’s activity and, accordingly, reduce the potential for achieving long-term sustainable results in practice. If the management of the enterprise does not deal with these issues, then the staff, depending on the system of their values and culture as a way of life, will consider their work at the enterprise within the scope of their activities. More likely, only from achieving their own goals and satisfying personal interests. The most attention is paid to the task of the enterprise’s mission as an element of a set of strategic targets. However, there is currently no single approach to developing the company’s mission. Considering the list of elements of the mission and choosing those that are most relevant from the point of view of the current system state of the enterprise in the context of its strategic direction is directly reflected in the choice and implementation of the approach to the formation of the mission of the enterprise. The functioning of the enterprise in the direction of the defined mission becomes possible thanks to the establishment and achievement of the goals of its activity. At that time, the goal is a specific state of the desired result in the future, which the company seeks to achieve. The mission of the enterprise and the strategic goals of activity arising from it allow the enterprise to coordinate the level of system potential, harmonizing its ambitions with the state of the external environment in which it operates. The target orientations are the basis of the strategic direction of the enterprise’s activity and determine its future desired state, in particular, the possibility of being potentially competitive in market conditions in the long term. Also, they enable the company’s management to look from the future into the present and determine what actions must be performed by everyone inside the company today to achieve a particular state in the future. In general, it can be said that the task of targeting strategic landmarks allows the enterprise to acquire such characteristics that provide it with the possibility of long-term effective functioning in a highly competitive market environment. In this regard, it is relevant to consider the approaches to the task of target strategic orientations of the enterprise, which exist today in foreign and domestic theory and practice of strategic management. Keywords: strategic management, strategic guidelines, enterprise, strategic direction.

Is bureaucracy ironclad after all? Prevalence and variances of performance- and strategy-oriented management in German local governments

This study analyzes practices of performance management (PM) and strategic management (SM) and their prevalence in Neo-Weberian rule-of-law administrations. Based on data from Germany's local government sector, it is shown that after 30 years of New Public Management (NPM) reforms, no more than 20% of German municipalities have implemented the basic aspects of PM or SM. Actual practices combine ideas of PM and SM in quite different ways and can best be understood as variances of a performance- and strategy-oriented management. It is argued that even though patterns of normative as well as coercive isomorphism have existed in the organizational field, the influence of NPM ideas has led to a diversification of management practices within Germany's local government sector. But results also show that there is no tendency toward a broadly NPM-oriented administration and that typical models of Neo-Weberian administration do not truly align with actual practices. Points for practitioners The use of performance information and strategic goals are important management instruments for public organizations. This study shows that in public administrations adhering to more bureaucratic rule-of-law traditions, actual management practices combine aspects of PM and SM in various ways, often not aligning with the recommendations from the advisory literature. The presented insights may help practitioners to better understand the efforts and benefits of these management practices, as well as the trade-offs between them.

The Impact of War on the Transformation of the Strategic Paradigm of Organizational Change Management in Conditions of Increased National Security Threats

In times of war or increased national security threats, the traditional paradigms of managing these transitions must adapt to the rapidly changing circumstances. War alters the economic, social, and political environments dramatically, necessitating that organizations quickly adapt to ensure survival and continue operations. This requires a reevaluation of strategic objectives and management practices to align with the broader context of national security. The purpose of the article is to characterize the features of the impact of war on the change of the strategic paradigm of organizational change management in conditions of increased national security threats. The object of the study is the system of organizational change management in conditions of increased national security threats. The methodology of the study involves the use of the IDEF0 method. As a result of the study, a modern IDEF0 model of transformation of the strategic paradigm of organizational change management in conditions of increased national security threats was presented.

Strategic Management Practices on Revenue Growth of Selected Lake Region Economic Bloc Counties in Kenya

The purpose of this study was to find out the effects of strategic management practices on revenue growth of Selected Lake Region economic bloc counties in Kenya. Specific objectives were; to evaluate the effects of fraud control strategy; and to assess the effects of monitoring and tracking strategy on revenue growth in county governments in Kenya. The target population for the study was 331 employees involved in revenue collection. A stratified sampling technique was used to identify a sample size of 259 respondents. Primary data was collected using closed ended structured questionnaire. Collected data was edited and coded then analyzed using descriptive statistic methods; means, percentages and standard deviations. Pearson Product Moment Correlation was used to establish the strength of relationship while simple linear regression was used to establish the effect of independent variable on the dependent variable and data was presented in tables and figures. From the findings the study made the following conclusions; employees were trained on how to detect system fraudsters and performance targets were being monitored and tracked on a daily basis. Correlation analysis concluded that fraud control had a positive and significant relationship with monitoring and tracking and revenue growth. Regression analysis concluded that an increase in one unit of fraud controlled to a decrease in revenue growth and the effect was statistically significant. An increase in one unit of monitoring and tracking led increase in revenue growth and the effects was found to be statistically significant. The study recommended that revenue targets to be set in a way that they can be monitored and tracked easily in the system also the study recommended that hiring and transfers should be done based on merits.

Strategic Human Resource Management: Descriptive Analysis of Psychological Factors and Literature Review

This study aims to examine the impact of psychological factors on Strategic Human Resource Management (SHRM) practices and organizational outcomes. The research employs a comprehensive literature review approach to explore the theoretical underpinnings of employee motivation, engagement, and commitment within the context of SHRM. The analysis focuses on key psychological theories, including expectancy theory, social exchange theory, and self-determination theory, to elucidate the motivational dynamics underlying employee behavior and performance outcomes. Moreover, the study investigates the role of leadership effectiveness in influencing employee motivation, engagement, and organizational commitment. Through the integration of diverse perspectives, the research offers insights into how organizations can align HR practices with employees' psychological needs to enhance organizational effectiveness and achieve sustainable growth. The findings highlight the significance of fostering transformational leadership behaviors, creating a supportive work environment, and promoting organizational commitment to drive high performance and employee well-being. This study contributes to the advancement of HRM scholarship by providing a theoretical framework for understanding and managing human capital effectively.

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.

Factors affecting the application of strategic management accounting in Vietnamese enterprises

This study aims to provide more in-depth information on the factors influencing the application of strategic management accounting in Vietnamese enterprises. The study uses questionnaire surveys to collect primary data to test the hypotheses in the proposed research model about factors affecting the application of strategic management accounting in Vietnamese enterprises. The survey was conducted using a non-probability sampling method with 64 enterprises; 225 valid survey forms were collected using SPSS 25.0. The analysis includes variable descriptive statistics, scale reliability testing, exploratory factor analysis, multivariate regression analysis, and evaluation of regression assumptions. We used a multivariate regression method to analyze the data. The results confirm the acceptance of the hypotheses, demonstrating a significant influence of the model’s factors on the applications of strategic management accounting. Enterprise size, competition levels, business strategy development, decentralization, technology level, and accounting participation positively impact the application of strategic management accounting in enterprises. In particular, the level of competition is the most vital factor motivating Vietnamese businesses to apply strategic management accounting. The results are empirical evidence to help managers better understand the practice of applying management strategic accounting to make reasonable decisions to practice strategic management accounting and have effective performance. Furthermore, this study suggests more profound research directions aimed at promoting the application of strategic management accounting in Vietnamese enterprises.

Effect of Strategic Management on the Sustainability of Poultry Business in Calabar South, Cross River State

This research examined effect of strategic management on sustainability of poultry enterprises in the Calabar South Local Government Area, in Cross River State. Primary data were gathered from poultry business operators in the area, and descriptive survey research design employed. The population was unknown due to no official records of poultry farmers in the area therefore, snowball sampling technique was adopted by which an identified poultry business owner referred the researcher to the next poultry farmer until a sizeable sample size of 58 was reached. The research instrument was strategic management and sustainability of poultry business questionnaire (SMSPBQ), which was pretested for validity and reliability. The test-retest approach used for reliability of the instrument yielded correlation coefficients of 0.948 in the test and 0.912 in the retest. Data were analysed using both descriptive and inferential statistics. The hypothesis was tested using multiple regression model at 0.05 significance level. The findings indicated that all the research variables were significant implying that goal setting, strategic planning, strategic orientation, changing environmental conditions and marketing strategy were significant for sustainability of poultry business in Calabar South LGA. The implication of the findings was that strategic management practices are essential for the long-term success of poultry business in Calabar South LGA. Therefore, poultry business operators should adopt strategic management practices in the management of poultry business in the area.

Spatiotemporal analysis of sand and dust emission point sources detected from satellite imagery in Syria, Jordan, and Iraq

This study utilized MODIS true color satellite imagery to analyse blowing sand and dust events dynamics in the Middle East from 2010 to 2021, focusing on Syria, Iraq, and Jordan. A total of 4923 dust point sources were detected, with a significant concentration (~90 %) located within the Tigris-Euphrates Basin (Nearest Neighbor Ratio = 0.41, р < 0.001). Land cover analysis revealed that bare land, comprising most of the study area, was the predominant source of dust emissions. Wetlands, though only constituting about 1 % of the area, showed the highest frequency of dust sources per unit area, highlighting their role as critical dust emission hotspots. The study emphasizes the impact of drought and anthropogenic factors, such as poor land management, on blowing dust intensity. It suggests the necessity of strategic land management practices, including re-vegetation of arid areas, reducing soil exposure, and implementing wind erosion control measures. To effectively address the transboundary nature of dust emissions, the findings underscore the importance of fostering regional cooperation through mechanisms such as shared environmental monitoring and data exchange platforms, joint management of cross-border natural resources, and collaborative policy making.

Enhancing construction organizations’ performance through strategic decision-making: unveiling the mediating role of quality of information

Purpose Formulating strategic decisions poses a significant challenge for construction organizations, profoundly impacting their overarching strategic management. The success of an organization’s strategy relies on how information is managed and decisions are executed. However, the literature has a limited understanding of the connection between information quality and strategic decision-making, particularly in construction business performance. This study aims to bridge this gap by exploring how information quality mediates the relationship between strategic decision-making and the performance of construction businesses in New Zealand. Design/methodology/approach This quantitative study aims to fill this gap by assessing how information quality shapes strategic decision-making practices, impacting construction organizations’ performance. Analysing 102 viable responses through partial least squares structural equation modeling structural equation modelling offers partial support to the research framework. Findings The study used statistical analysis to gauge the impact of adopting strategic management practices on construction business performance, considering the mediation of the quality of information within New Zealand’s context. It affirmed a positive correlation between strategic decision-making management and construction business performance, underpinned by the mediation of quality of information. Practical implications This study underscores the critical role of information quality in evaluating strategic decisions for bolstering construction business performance. In essence, it affirms that enhancing the performance of construction organizations via strategic decision-making is intrinsically linked to the quality of information. Originality/value This study makes a noteworthy contribution by establishing connections between decision importance, process effectiveness, information quality, intuition in decision-making and model development, providing valuable insights to the field.

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&amp;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&amp;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&amp;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.

Modeling and Analyzing of Financial Data within Digital Transformation Era and its Impact on Balanced Scorecards Utilizations: A Theoretical Review

The present theoretical review outlines the interaction between digital transformation and financial data modeling and the use of Balanced Scorecards in improving strategic management in organizations. Considering the context of rapid technological processes and the growing influence of international competition, the principle question of this work is how current management accounting methods, most of which are inspired by digitization, shift the theoretical perspective of how organizations use (BSCs) for strategic forecasting and performance assessment. By conducting a thorough review of the literature within the realms of management accounting, information systems, and strategic management, this theoretical review identifies the main trends, the rationale, and the challenges behind the use of (BSCs) and digitization. The current finding indicates that the implementation of digital technologies into the process of financial data modeling substantially increases the potential of (BSCs) by offering real-time, useful information for strategic decision-making. At the same time, the implementation process raises a set of challenges, such as security issues, hefty financial investments into technological infrastructures, and human factors of organizational change. Despite these hurdles, the potential benefits of digitally-enhanced (BSC) framework-such as improved decision-making accuracy, strategic agility, and operational efficiency-underscore the importance of adopting a holistic approach to digital transformation in strategic management practices. This review calls for a balanced perspective that considers both the technological and cultural dimensions of implementing digital innovations within (BSC) frameworks. It concludes with recommendations for future research, emphasizing the need for empirical studies to validate theoretical insights presented and explore the practical implications of digital transformation organizations-BSCs effectiveness in diverse organizational context.

Unleashing the black-box between high-performance work systems and employee flourishing-at-work: an integrative review

Purpose This study aims to unravel the black-box mechanism between high-performance work systems (HPWS) and the multifaceted well-being construct, flourishing-at-work (FAW). Moreover, this paper aims to bring in a positive psychological mechanism that can reduce the potential negative impact of HPWS on FAW. Design/methodology/approach A synthesis analysis of existing literature was carried out to formulate managerial and practical propositions. Findings Drawing upon the theoretical foundations of social exchange theory, conservation of resource theory, signalling theory and resource-based view (RBV), this study proposes a conceptual framework that connects HPWS, psychological capital (PsyCap), employee work passion (EWP), organisational trust (OT) and flourishing-at-work (FAW) with the possible moderating effect of OT in the relationship between HPWS and PsyCap. Practical implications Although the proposed conceptual framework is not empirically validated, the study provides several significant practical implications in terms of the integrated framework consisting of HPWS, PsyCap, OT, EWP and FAW. Originality/value This study represents a pioneering contribution by proposing an indirect relationship between HPWS and FAW. Moreover, none of the studies so far have unleashed the black-box mechanism between HPWS and FAW. The study provides a set of propositions that explain the relationships between the study variables, which enrich the understanding of strategic human resource management practices and their potential effects on employee well-being.

Transforming IT Services : Strategic Approaches and Lessons Learned

The paper reviewed relevant articles on strategic pursuit management. Being a conceptual paper, I have started by highlighting the overview / essence of strategic pursuit management and elaborating the role of Pursuit leader. This was followed by research and refereeing different proven strategies and factors that may lead to discussions on factors that affect strategy formulation, strategy implementation as well as factors bedeviling strategy implementation. Essentiality of strategic management practices as a radical improvement method was equally highlighted.

Reconciling 22,000 years of landscape openness in a renowned wilderness

AbstractHere, we explore the profound impact of the Tasmanian Aboriginal (Palawa) people on Tasmanian landscapes by examining a 22,000‐year record of landscape change from Lake Selina in western Tasmania, Australia. We analysed a sediment core for palaeoecological proxies, namely, pollen (vegetation), charcoal (fire), and geochemical data (landscape weathering). This study reveals that the contemporary landscape is a product of Palawa people’s intentional and strategic fire management practices characterised by fire‐dependent buttongrass moorland and the absence of climax rainforest. Specifically, our data show that rainforest failed to re‐establish a dominance at Lake Selina following the end of the Last Glacial Maximum, as temperature and moisture increased as a result of Palawa cultural fire for at least 18,000 years. This finding challenges the long‐held notion that Tasmania’s wilderness is a product of the absence of human activity. Rather, archaeological sites across western and central Tasmania demonstrate long term presence, with some of the highest artefact and faunal bone densities in the world. The study contributes to the recognition of Tasmania’s west as a cultural landscape shaped by generations of Aboriginal care for Country and fire practices.