Description
This Element maintains that increasing strategic effectiveness involves paying greater attention to the idiosyncratic capabilities and know-how already accumulated in an organization's shared practices and the modus operandi contained therein. An organization's modus operandi describes the practiced patterned regularities that enables it to achieve a consistency of response in strategic circumstances even in the absence of any clear, formalized strategic plan. This patterned regularity known as Strategy-in-Practices (SiP) draws attention to the tacit influence of an organization's shared practices on its formal strategy-making efforts. It emphasizes the need for both these to be aligned so that the organization is better prepared to cope with the challenges and opportunities it faces.
Table of Contents
1. Introduction; 2. The creative response: the theoretical framework; 3. The innovation function; 4. The knowledge generation function; 5. The technology production function; 6. The knowledge intensive direction of technological change; 7. The performance equation; 8. Conclusions: Schumpeterian loops; References.
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