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Key success factors for strategy implementation in Latin America

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  • Brenes, Esteban R.
  • Mena, Mauricio
  • Molina, German E.

Abstract

Increasing competition among Latin American firms fosters more proactive processes aimed at reviewing business strategy. The research objective is to measure the impact of key variables on successful implementation of business strategy. Relying on the knowledge and experience of Latin American entrepreneurs and managers, the questions addressed include: How important is the role of the CEO and management actors? Do firms prioritize actions prior to implementing strategy? Are control and follow-up tools valued? How is a successful strategy implementation ensured? Research findings are expected to provide useful knowledge for management decision processes relating to successful implementation of business strategy.

Suggested Citation

  • Brenes, Esteban R. & Mena, Mauricio & Molina, German E., 2008. "Key success factors for strategy implementation in Latin America," Journal of Business Research, Elsevier, vol. 61(6), pages 590-598, June.
    • Handle: RePEc:eee:jbrese:v:61:y:2008:i:6:p:590-598
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    References listed on IDEAS

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    1. Anand, Jaideep & Brenes, Estaban R. & Karnani, Aneel & Rodriquez, Arnoldo, 2006. "Strategic responses to economic liberalization in emerging economies: Lessons from experience," Journal of Business Research, Elsevier, vol. 59(3), pages 365-371, March.
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    1. Brenes, Esteban R. & Haar, Jerry & Requena, Bernardo, 2009. "Latin America: Environmental and firm-level challenges," Journal of Business Research, Elsevier, vol. 62(9), pages 849-853, September.
    2. Brenes, Esteban R. & Montoya, Daniel & Ciravegna, Luciano, 2014. "Differentiation strategies in emerging markets: The case of Latin American agribusinesses," Journal of Business Research, Elsevier, vol. 67(5), pages 847-855.
    3. Jannine Poletti‐Hughes & Beatriz Martínez Garcia, 2022. "Leverage in family firms: The moderating role of female directors and board quality," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(1), pages 207-223, January.
    4. Brenes, Esteban R. & Madrigal, Kryssia & Requena, Bernardo, 2011. "Corporate governance and family business performance," Journal of Business Research, Elsevier, vol. 64(3), pages 280-285, March.
    5. Joanna Radomska & Cyprian Kozyra, 2020. "Awareness of strategy execution barriers in decision-making process: moderated mediation analysis," DECISION: Official Journal of the Indian Institute of Management Calcutta, Springer;Indian Institute of Management Calcutta, vol. 47(1), pages 61-78, March.
    6. Brenes, Esteban R. & Ciravegna, Luciano & Pichardo, Caleb A., 2016. "Examining the strategy-performance link of Latin American businesses – a configurational approach," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 20(3), December.
    7. Tomac Cater & Danijel Pucko, 2010. "Factors of effective strategy implementation: Empirical evidence from Slovenian business practice," Journal of East European Management Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 15(3), pages 207-236.
    8. Esther Wanjiku Nga’ng’a & Jared Deya, 2019. "Influence of Strategic Implementation Drivers on Performance of Tana and Athi Rivers Development Authority in Kenya," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 9(3), pages 274-286, July.
    9. Brenes, Esteban R. & Ciravegna, Luciano & Marcotte, Patrick, 2016. "Assessing agri-business firms' performances: Organizational and marketing business models of high/low sales and ROE outcomes," Journal of Business Research, Elsevier, vol. 69(9), pages 3415-3426.
    10. Dyogo Felype Neis & Maurício Fernandes Pereira & Emerson Antonio Maccari, 2017. "Strategic Planning Process and Organizational Structure: Impacts, Confluence and Similarities," Brazilian Business Review, Fucape Business School, vol. 14(5), pages 479-492, September.
    11. Andonova, Veneta & Ruíz-Pava, Guillermo, 2016. "The role of industry factors and intangible assets in company performance in Colombia," Journal of Business Research, Elsevier, vol. 69(10), pages 4377-4384.
    12. Carlos M. F-JARDON & Miguel GONZALEZ-LOUREIRO, 2013. "Human Capital as Source for Sustained Competitive Advantages in SMEs: A Core Competencies Approach," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 16(2), pages 255-276, December.
    13. Torres, Carla Cecilia, 2021. "Adaptation and Validation of Technostress Creators and Technostress Inhibitors Inventories in a Spanish-Speaking Latin American Country," Technology in Society, Elsevier, vol. 66(C).
    14. Carol M. Sánchez & Kevin Lehnert., 2018. "Firm-level trust in emerging markets: the moderating effect on the institutional strength- corruption relationship in Mexico and Peru," Estudios Gerenciales, Universidad Icesi, vol. 34(147), pages 127-138, May.

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