Discuss the 21st century challenge for strategic management.
There are numerous challenges in strategic management, and our textbook describes a few, including whether the process is more an art or a science, whether strategies should be transparent to stakeholders, or whether the process should be top down or bottom up. For this week’s discussion, complete the required reading and then proceed to library to find three scholarly articles that discusses a 21st century challenge for strategic management. In your original post explain the challenge in one or two paragraphs and cite the source. Then answer the following questions:
- As a decision maker, what are the potential organizational impacts?
- As a decision maker, how would you learn enough about the challenge to make an informed decision?
Chapter 9 in Strategic Management: A Competitive Advantage Approach, Concepts
David, F. R., & David, F. R. (2017). Strategic management: A competitive advantage approach, concepts (16th ed.). Upper Saddle River, NJ: Prentice Hall. ISBN-13: 9780134153971
De Geuser, F., Mooraj, S., & Oyon, D. (2009). Does the balanced scorecard add value? Empirical evidence on its effect on performance. European Accounting Review, 18(1), 93-122. doi: 10.1080/09638180802481698
Frigo, M. L. (2012). The balanced scorecard: 20 years and counting. Strategic Finance, 94(4), 49-53.
Pineno, C. J. (2012). Simulation of the weighting of balanced scorecard metrics including sustainability