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The Concept of Strategy and the Strategy Formation Process

Author

Listed:
  • Arnoldo C. Hax

    (Sloan School of Management, E52-550, Massachusetts Institute of Technology, Cambridge, Massachusetts 02139)

  • Nicolas S. Majluf

    (Escuela de Ingenieria, Universidad Catolica de Chile, Casilla №6177, Correo 22, Santiago, Chile)

Abstract

We have revealed new insights by reviewing and integrating the definitions of strategy offered by leading scholars in the field. Part of the confusion surrounding the issue of strategy can be alleviated by separating the concept of strategy from the process of strategy formation. The concept of strategy is presented as a normative model that has validity for all firms. The process of strategy formation, however, is contingent on the firm's particular situation and can be described in terms of the wide variety of forms it takes in different organizations, depending on the firm's strategic objectives, its management style, its organizational culture, and its administrative structure.

Suggested Citation

  • Arnoldo C. Hax & Nicolas S. Majluf, 1988. "The Concept of Strategy and the Strategy Formation Process," Interfaces, INFORMS, vol. 18(3), pages 99-109, June.
    • Handle: RePEc:inm:orinte:v:18:y:1988:i:3:p:99-109
    DOI: 10.1287/inte.18.3.99
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    Citations

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    Cited by:

    1. Pirttila, Timo & Niemi, Petri, 1996. "Generic organizational choices for logistics in decentralized organizations Implications for inventory management," International Journal of Production Economics, Elsevier, vol. 45(1-3), pages 195-202, August.
    2. Nilsson, Carl-Henric & Dernroth, Jorgen, 1995. "The strategic grounding of competitive advantage -- The case of Scania," International Journal of Production Economics, Elsevier, vol. 41(1-3), pages 281-296, October.
    3. Narasimhan, Ram & Talluri, Srinivas & Mahapatra, Santosh, 2008. "Effective response to RFQs and supplier development: A supplier's perspective," International Journal of Production Economics, Elsevier, vol. 115(2), pages 461-470, October.
    4. Steensen, Elmer Fly, 2014. "Five types of organizational strategy," Scandinavian Journal of Management, Elsevier, vol. 30(3), pages 266-281.
    5. Koen Tackx & Ludo Van der Heyden & Paul Verdin, 2016. "Fairness in Strategy: A Fair Process Evaluation of Strategy Schools," Working Papers CEB 16-031, ULB -- Universite Libre de Bruxelles.
    6. Kenneth R. Maccrimmon, 1993. "Do firm strategies exist?," Strategic Management Journal, Wiley Blackwell, vol. 14(S2), pages 113-130, December.

    More about this item

    Keywords

    planning: corporate; strategy;

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