The Role of Theoretical Frameworks in Producing Applied Practices in the Field of Strategic Management

الملخص

The role of theoretical frameworks in producing applied practices in the field of strategic management is paramount for organizations navigating the complexities of the modern business landscape. This article undertakes a comprehensive literature review to elucidate the foundational concepts and benefits of strategic management. It delves into the intricacies of strategic management, highlighting the significance of formulating and implementing strategies to achieve organizational objectives amidst dynamic market conditions. Porter's generic competitive strategies emerge as pivotal constructs within strategic management, providing organizations with structured approaches to attaining competitive advantage. Additionally, the theory of innovation and creativity in strategic management is explored, emphasizing the importance of fostering innovation as a strategic imperative for organizational success. Furthermore, the article critically examines the theoretical frameworks underpinning strategic management practices. It discusses the role of these frameworks in guiding organizational decision-making, shaping strategic initiatives, and facilitating adaptation to changing environments. By synthesizing insights from diverse theoretical perspectives, organizations can develop nuanced approaches to strategic management that align with their unique contexts and objectives. Overall, this article underscores the indispensable role of theoretical frameworks in informing applied practices within the realm of strategic management, paving the way for organizational resilience, innovation, and sustained competitive advantage.