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Strategy, Management, and Strategic Planning Approaches

Author

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  • Steven C. Wheelwright

    (Stanford University, Graduate School of Business, Stanford, California 94305)

Abstract

During the past decade strategic management has been largely dominated by portfolio analysis, experience curves, market share and competitive strategy concepts. While these appear useful in a range of situations, many organizations question their blind adoption and see shortcomings in such an approach. The strengths and weaknesses of such an analytical approach to strategy are explored and contrasted with an incremental value-based approach using Texas Instruments and Hewlett-Packard as examples.

Suggested Citation

  • Steven C. Wheelwright, 1984. "Strategy, Management, and Strategic Planning Approaches," Interfaces, INFORMS, vol. 14(1), pages 19-33, February.
    • Handle: RePEc:inm:orinte:v:14:y:1984:i:1:p:19-33
    DOI: 10.1287/inte.14.1.19
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    Citations

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    Cited by:

    1. Brock, David M. & Barry, David, 2003. "What if planning were really strategic? Exploring the strategy-planning relationship in multinationals," International Business Review, Elsevier, vol. 12(5), pages 543-561, October.
    2. Badri, Masood A. & Davis, Donald & Davis, Donna, 2000. "Operations strategy, environmental uncertainty and performance: a path analytic model of industries in developing countries," Omega, Elsevier, vol. 28(2), pages 155-173, April.
    3. Avella, Lucía & Fernández, Esteban & Vázquez, Camilo J., 1999. "The large Spanish industrial company: strategies of the most competitive factories," Omega, Elsevier, vol. 27(5), pages 497-514, October.
    4. Amoako-Gyampah, Kwasi, 2003. "The relationships among selected business environment factors and manufacturing strategy: insights from an emerging economy," Omega, Elsevier, vol. 31(4), pages 287-301, August.
    5. Buvik, Arnt & Grønhaug, Kjell, 2000. "Inter-firm dependence, environmental uncertainty and vertical co-ordination in industrial buyer-seller relationships," Omega, Elsevier, vol. 28(4), pages 445-454, August.
    6. Sukrit Vinayavekhin & Robert Phaal, 2019. "Synchronization in Strategic Planning: A Roadmapping Framework," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 16(06), pages 1-21, October.
    7. González-Benito, Javier & González-Benito, Óscar, 2005. "Environmental proactivity and business performance: an empirical analysis," Omega, Elsevier, vol. 33(1), pages 1-15, February.
    8. Rudberg, Martin & Olhager, Jan, 2003. "Manufacturing networks and supply chains: an operations strategy perspective," Omega, Elsevier, vol. 31(1), pages 29-39, February.
    9. White, Richard E. & Prybutok, Victor, 2001. "The relationship between JIT practices and type of production system," Omega, Elsevier, vol. 29(2), pages 113-124, April.
    10. Theodorou, Petros & Florou, Giannoula, 2008. "Manufacturing strategies and financial performance--The effect of advanced information technology: CAD/CAM systems," Omega, Elsevier, vol. 36(1), pages 107-121, February.

    More about this item

    Keywords

    planning: corporate;

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