’CLOCK SPEED’ THEORY OF STRATEGY MAKING ALONG THE LIFE CYCLE
Journal Title: Polish Journal of Management Studies - Year 2016, Vol 13, Issue 1
Abstract
Regardless of sector, the long term viability of a firm is strongly tied to the quality and timeliness of its strategies. In hi-tech, events unfold much faster than in other value-creating business activities and hence the strategy changes its scope, its focus and implementation challenges often. This article will present a model that can be relied upon to gauge the need for different strategic engagements at four critical points of the market development: start-up, growth, leveling off/shakeout and maturity. The article also surfaces the importance of the elements of speed, horizon and focus to strategy making in hi-tech and comments on the evolution of market complexity.<br/><br/>
Authors and Affiliations
Tamas Koplyay, Hilda Hurta
Keywords
Related Articles
- EP ID EP242366
- DOI 10.17512/pjms.2016.13.1.10
- Views 109
- Downloads 0
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