IDEAS home Printed from https://ideas.repec.org/a/eee/bushor/v62y2019i4p529-537.html
   My bibliography  Save this article

Strategic initiative portfolios: How to manage strategic challenges better than one at a time

Author

Listed:
  • Kunisch, Sven
  • Keil, Thomas
  • Boppel, Michael
  • Lechner, Christoph

Abstract

In many firms, strategic initiatives lead to frustration rather than performance improvements and strategic renewal. One frequently overlooked key to driving value through strategic initiatives lies in shifting the focus from launching disconnected individual strategic initiatives to managing an integrated portfolio of initiatives. This article identifies five key management practices that allow firms to address obstacles to effective initiative management and to enhance value creation through the deliberate management of initiative portfolios.

Suggested Citation

  • Kunisch, Sven & Keil, Thomas & Boppel, Michael & Lechner, Christoph, 2019. "Strategic initiative portfolios: How to manage strategic challenges better than one at a time," Business Horizons, Elsevier, vol. 62(4), pages 529-537.
    • Handle: RePEc:eee:bushor:v:62:y:2019:i:4:p:529-537
    DOI: 10.1016/j.bushor.2019.03.007
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0007681319300400
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.bushor.2019.03.007?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Rajiv Nag & Donald C. Hambrick & Ming‐Jer Chen, 2007. "What is strategic management, really? Inductive derivation of a consensus definition of the field," Strategic Management Journal, Wiley Blackwell, vol. 28(9), pages 935-955, September.
    2. Poh‐Lin Yeoh & Kendall Roth, 1999. "An empirical analysis of sustained advantage in the U.S. pharmaceutical industry: impact of firm resources and capabilities," Strategic Management Journal, Wiley Blackwell, vol. 20(7), pages 637-653, July.
    3. Ronald Klingebiel & Arnoud De Meyer, 2013. "Becoming Aware of the Unknown: Decision Making During the Implementation of a Strategic Initiative," Organization Science, INFORMS, vol. 24(1), pages 133-153, February.
    4. Markus Kreutzer & Jorge Walter & Laura B. Cardinal, 2015. "Organizational control as antidote to politics in the pursuit of strategic initiatives," Strategic Management Journal, Wiley Blackwell, vol. 36(9), pages 1317-1337, September.
    5. Sankalp Pratap & Biswatosh Saha, 2018. "Evolving efficacy of managerial capital, contesting managerial practices, and the process of strategic renewal," Strategic Management Journal, Wiley Blackwell, vol. 39(3), pages 759-793, March.
    6. Christoph Lechner & Steven W. Floyd, 2012. "Group influence activities and the performance of strategic initiatives," Strategic Management Journal, Wiley Blackwell, vol. 33(5), pages 478-495, May.
    7. Bjorn Lovas & Sumantra Ghoshal, 2000. "Strategy as guided evolution," Strategic Management Journal, Wiley Blackwell, vol. 21(9), pages 875-896, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sven Kunisch & Markus Menz & David Collis, 2020. "Corporate headquarters in the twenty-first century: an organization design perspective," Journal of Organization Design, Springer;Organizational Design Community, vol. 9(1), pages 1-32, December.
    2. Sven Kunisch & Julian Birkinshaw & Michael Boppel & Kira Choi, 2023. "Why do firms launch corporate change programs?," Post-Print hal-04325790, HAL.
    3. Montealegre, Ramiro & Iyengar, Kishen, 2021. "Managing digital business platforms: A continued exercise in balancing renewal and refinement," Business Horizons, Elsevier, vol. 64(1), pages 51-59.
    4. Kazeminia, Ali, 2021. "Unfolding the airbus’ strategic growth: A successful case," Scandinavian Journal of Management, Elsevier, vol. 37(1).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Markus Kreutzer & Laura B. Cardinal & Jorge Walter & Christoph Lechner, 2016. "Formal and Informal Control as Complement or Substitute? The Role of the Task Environment," Strategy Science, INFORMS, vol. 1(4), pages 235-255, December.
    2. Sven Kunisch & Julian Birkinshaw & Michael Boppel & Kira Choi, 2023. "Why do firms launch corporate change programs?," Post-Print hal-04325790, HAL.
    3. Block, Sidney T. & Friebel, Guido & Heinz, Matthias & Zubanov, Nick, 2022. "Mystery Shopping as a Strategic Management Practice in Multi-Site Firms," IZA Discussion Papers 15599, Institute of Labor Economics (IZA).
    4. Turner, Karynne L. & Monti, Alberto & Annosi, Maria Carmela, 2021. "Disentangling the effects of organizational controls on innovation," European Management Journal, Elsevier, vol. 39(1), pages 57-69.
    5. Hanna Lehtimäki & Katja Karintaus, 2013. "The Social Embeddedness of Strategy Implementation," South Asian Journal of Business and Management Cases, , vol. 2(2), pages 229-239, December.
    6. Markus Kreutzer & Jorge Walter & Laura B. Cardinal, 2015. "Organizational control as antidote to politics in the pursuit of strategic initiatives," Strategic Management Journal, Wiley Blackwell, vol. 36(9), pages 1317-1337, September.
    7. Chatzopoulou, Erifili-Christina & Dimitratos, Pavlos & Lioukas, Spyros, 2021. "Agency controls and subsidiary strategic initiatives: The mediating role of subsidiary autonomy," International Business Review, Elsevier, vol. 30(3).
    8. Richard Whittington, 2018. "Greatness Takes Practice: On Practice Theory’s Relevance to “Great Strategy”," Strategy Science, INFORMS, vol. 3(1), pages 343-351, March.
    9. Canales, J. Ignacio & Caldart, Adrián, 2017. "Encouraging emergence of cross-business strategic initiatives," European Management Journal, Elsevier, vol. 35(3), pages 300-313.
    10. Jitendar Kumar Khatri & Bhimaraya Metri, 2016. "SWOT-AHP Approach for Sustainable Manufacturing Strategy Selection: A Case of Indian SME," Global Business Review, International Management Institute, vol. 17(5), pages 1211-1226, October.
    11. Blanc, Antoine & Huault, Isabelle, 2014. "Against the digital revolution? Institutional maintenance and artefacts within the French recorded music industry," Technological Forecasting and Social Change, Elsevier, vol. 83(C), pages 10-23.
    12. Julian D. Cortes & Diego Tellez & Jesus Godoy, 2021. "Mission Statement Effect on Research and Innovation Performance," Papers 2104.07476, arXiv.org.
    13. Qomaruddin Muhammad & Pratiwi Ratih Nur & Sarwono Sarwono, 2017. "Strategic on Management Scientific Publication of Student Journal in Higher Education (a Case Study)," HOLISTICA – Journal of Business and Public Administration, Sciendo, vol. 8(3), pages 41-54, December.
    14. Frank Germann & Gary L. Lilien & Christine Moorman & Lars Fiedler & Till Groβmaβ, 2020. "Driving Customer Analytics From the Top," Customer Needs and Solutions, Springer;Institute for Sustainable Innovation and Growth (iSIG), vol. 7(3), pages 43-61, October.
    15. Lars Lindkvist & Marie Bengtsson & Dan-Magnus Svensson & Linnéa Wahlstedt, 2017. "Replacing old routines: how Ericsson software developers and managers learned to become agile," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 26(4), pages 571-591.
    16. Libaers, Dirk & Meyer, Martin, 2011. "Highly innovative small technology firms, industrial clusters and firm internationalization," Research Policy, Elsevier, vol. 40(10), pages 1426-1437.
    17. Phillips, Paul & Moutinho, Luiz, 2014. "Critical review of strategic planning research in hospitality and tourism," Annals of Tourism Research, Elsevier, vol. 48(C), pages 96-120.
    18. Ilkka Sillanpää & Sebastian Sillanpää, 2014. "Supply Chain Strategy: Empirical Case Study in Europe and Asia," Management, University of Primorska, Faculty of Management Koper, vol. 9(2), pages 95-115.
    19. Pantic-Dragisic, Svjetlana & Söderlund, Jonas, 2020. "Swift transition and knowledge cycling: Key capabilities for successful technical and engineering consulting?," Research Policy, Elsevier, vol. 49(1).
    20. Marcos Abilio Bosquetti & Gabriela Gonçalves Silveira Fiates & Jess Ponting, 2017. "Strategic Management at Mormaii - the Brazilian Surf Industry Leader," Brazilian Business Review, Fucape Business School, vol. 14(Special I), pages 110-129, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:bushor:v:62:y:2019:i:4:p:529-537. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/bushor .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.