Establishing Company Direction: A Literature Review of Management Strategy

Authors

  • Yahya Taqiuddin Robbani Adhirajasa Reswara Sanjaya University, Bandung, Indonesia
  • Tiara Grhanesia Denashurya Adhirajasa Reswara Sanjaya University, Bandung, Indonesia
  • Benny Novrianto Adhirajasa Reswara Sanjaya University, Bandung, Indonesia
  • Zikri Saputra Adhirajasa Reswara Sanjaya University, Bandung, Indonesia
  • Kariaman Justiman Samosir Adhirajasa Reswara Sanjaya University, Bandung, Indonesia
  • Luh Ayu Nanamy Khrisnashanti Eva Susila Adhirajasa Reswara Sanjaya University, Bandung, Indonesia
  • Vidi Alfiansyah Adhirajasa Reswara Sanjaya University, Bandung, Indonesia
  • Abdul Halim Adhirajasa Reswara Sanjaya University, Bandung, Indonesia

DOI:

https://doi.org/10.56778/rjslr.v2i2.298

Keywords:

company direction, strategic management

Abstract

This research examines the literature on key concepts that drive strategy analysis, formulation, and implementation based on values, vision, and mission as guiding principles for determining a company's direction. This article utilizes a systematic literature review method to consolidate the findings of various studies and scientific literature. The process involves accessing and analyzing literature through digital search engines using keywords related to management strategies. The research uncovers a shortage of scientific literature containing important theoretical concepts that strategists can use as a roadmap for analyzing, formulating, and implementing strategies. This review adds to the existing literature by employing a management strategy approach to determine the company's direction.

References

Adam, J. K., Indradewa, R., Yanuar, T., & Syah, R. (2020). The Leadership Styles Impact, In Learning Organizations, And Organizational Innovation Towards Organizational Performance Over Manufacturing Companies, Indonesia. Journal of Multidisciplinary Academic 63 JoMA, 04(02).

Al-Qudah, S. (2018). The Influence of Strategic Agility & Tackling Competitive Challenges toward Improving Performance among Jordanian Pharmaceutical Companies. International Journal of Academic Research in Business and Social Sciences, 8, 762–774. https://doi.org/10.6007/IJARBSS/v8-i5/4175

Anisa, C., & Rahmatullah, R. (2020). Visi Dan Misi Menurut Fred R. David Perspektif Pendidikan Islam. Journal EVALUASI, 4, 70. https://doi.org/10.32478/evaluasi.v4i1.356

Anthony E. Henry. (2021). Understanding Strategic Management (4th ed.).

Bento, R. F., Mertins, L., & White, L. F. (2017). Ideology and the Balanced Scorecard: An Empirical Exploration of the Tension Between Shareholder Value Maximization and Corporate Social Responsibility. Journal of Business Ethics, 142(4), 769–789. https://doi.org/10.1007/s10551-016-3053-6

Bolland, E. J. (2017). People, Mission, Vision and Planning in Strategic Management. In Comprehensive Strategic Management (pp. 57–85). Emerald Publishing Limited. https://doi.org/10.1108/978-1-78714-225-120171003

Cattani, G., Porac, J., & Thomas, H. (2017). Categories and Competition. Strategic Management Journal.

Dasuki, R. (2021). Manajemen Strategi : Kajian Teori Resource Based View. Coopetition : Jurnal Ilmiah Manajemen, 12, 447–454. https://doi.org/10.32670/coopetition.v12i3.710

del Mar Benavides Espinosa, M., & Lindahl, J. M. M. (2016). Organizational design as a learning enabler: A fuzzy-set approach. Journal of Business Research, 69, 1340–1344. https://api.semanticscholar.org/CorpusID:51738463

Ferreira, J. J., Raposo, M., & Mainardes, E. (2014). Strategy and strategic management concepts: are they recognised by management students? E+M Ekonomie a Management, 17, 43–61. https://doi.org/10.15240/tul/004/2014-1-004

Fuertes, G., Alfaro, M., Vargas, M., Gutierrez, S., Ternero, R., & Sabattin, J. (2020). Conceptual Framework for the Strategic Management: A Literature Review - Descriptive. In Journal of Engineering (United Kingdom) (Vol. 2020). Hindawi Limited. https://doi.org/10.1155/2020/6253013

Gracia, M. D., & Quezada, L. E. (2016). A framework for strategy formulation in sustainable supply chains: a case study in the electric industry. NETNOMICS: Economic Research and Electronic Networking, 17(1), 3–27. https://doi.org/10.1007/s11066-015-9098-3

Hajli, N., Shanmugam, M., Papagiannidis, S., Zahay, D., & Richard, M.-O. (2017). Branding co-creation with members of online brand communities. Journal of Business Research, 70, 136–144. https://doi.org/https://doi.org/10.1016/j.jbusres.2016.08.026

Haynes, B., Nunnington, N., & Eccles, T. (2017). Corporate Real Estate Asset Management: Strategy and Implementation (2nd ed.).

Hill, C., Schilling, M., & Jones, G. (2016). Strategic Management: An Integrated Approach, 12e.

Hussein, N., Omar, S., Noordin, F., & amir ishak, N. (2014). Learning Organization Culture, Organizational Performance and Organizational Innovativeness in a Public Institution of Higher Education in Malaysia: A Preliminary Study.

Iazzolino, G., & Laise, D. (2016). Value creation and sustainability in knowledge-based strategies. Journal of Intellectual Capital, 17, 457–470. https://doi.org/10.1108/JIC-09-2015-0082

Indriyani, R., Maulidah, R., Firmannsyah, A., Agustina Wandagu, N., Isa Anshori, M., Raya Telang, J., Telang Inda, P., Kamal, K., Bangkalan, K., & Timur, J. (2023). Digital Organizational Transformation and Employees: How the company’s shift towards digital impacts the roles and skills of employees. JMS, 1(2). https://journal.institercom-edu.org/index.php/JMSINSTITERCOMPUBLISHERhttps://journal.institercom-edu.org/index.php/

Král, P., & Králová, V. (2016). Approaches to changing organizational structure: The effect of drivers and communication. Journal of Business Research, 69(11), 5169–5174. https://EconPapers.repec.org/RePEc:eee:jbrese:v:69:y:2016:i:11:p:5169-5174

Kusmulyono, M., & Endaryono, T. (2019). KEKUATAN VISI MISI DALAM MEMANDU ARAH STRATEGIS UMKM LEBON.

Ligar Widanti, A. (2019). Strategic Management.

Machaczka, K., & Stopa, M. (2022). Social Values as One of the Crucial Determinants of Efficient Strategic Management of an Energy Sector Company. Energies, 15(10). https://doi.org/10.3390/en15103765

Mackay, D., & Zundel, M. (2016). Recovering the Divide: A Review of Strategy and Tactics in Business and Management. International Journal of Management Reviews, 19. https://doi.org/10.1111/ijmr.12091

Mallén, F., Chiva, R., Vidal, J., & Guinot, J. (2015). Organicity and performance in excellent HRM organizations: the importance of organizational learning capability. Review of Managerial Science, 9. https://doi.org/10.1007/s11846-014-0164-2

Mao, P., Li, S., Ye, K., & Cai, H. (2016). A field theory based model for identifying the effect of organizational structure on the formation of organizational culture in construction projects. KSCE Journal of Civil Engineering, 21. https://doi.org/10.1007/s12205-016-1233-7

Maulida, E., Djuanda, G., Silalahi, I., Yasa, N., & Rahmayanti, P. (2021). MANAJEMEN STRATEGIK.

Mišanková, M., & Kočišová, K. (2014). Strategic Implementation as a Part of Strategic Management. Procedia - Social and Behavioral Sciences, 110, 861–870. https://doi.org/https://doi.org/10.1016/j.sbspro.2013.12.931

Neubert, M. J., Hunter, E. M., & Tolentino, R. C. (2016). A servant leader and their stakeholders: When does organizational structure enhance a leader’s influence? Leadership Quarterly, 27(6), 896–910. https://doi.org/10.1016/j.leaqua.2016.05.005

Nikulin, C., & Becker, G. (2015). Una metodología Sistémica y creativa para la gestión estratégica: Caso de Estudio Región de Atacama-Chile. Journal of Technology Management & Innovation, 10, 127–144.

Nugraha, M., & Pradana, R. (2021). Faktor Determinasi Tercapainya Visi, Misi dan Tujuan Organisasi. In Journal of Sustainable Business Hub (Vol. 2, Issue 1).

Pazouki, M. M., Jozi, S., & Ziari, Y. A. (2017). Strategic management in urban environment using SWOT and QSPM model. Global Journal of Environmental Science and Management, 3, 207–216. https://doi.org/10.22034/gjesm.2017.03.02.009

Peppard, J., & Ward, J. (2016). The Strategic Management of Information Systems: Building a Digital Strategy.

Radomska, J. (2015). The Concept of Sustainable Strategy Implementation. Sustainability, 7, 15847–15856. https://doi.org/10.3390/su71215790

Reitzig, M., & Maciejovsky, B. (2015). Corporate hierarchy and vertical information flow inside the firm—a behavioral view. Strategic Management Journal, 36(13), 1979–1999. https://doi.org/https://doi.org/10.1002/smj.2334

Robert M. Grant. (2016). Contemporary Strategy Analysis: Text and Cases (9th ed.). John Wiley & Sons Incorporated.

Rodríguez, R., Svensson, G., & Wood, G. (2021). Determining corporate direction in sustainable development: a multi-dimensional framework in B2B. Journal of Business & Industrial Marketing, 36(1), 1–17. https://doi.org/10.1108/JBIM-03-2019-0113

Rusdiana, S., Adiati, U., Hafid, A., Talib, C., & Amam, A. (2022). Manajemen Strategis Usaha Peternakan Melalui Metode Force Field Analysis dan Rekomendasi Kebijakan. 9, 246–272. https://doi.org/10.33772/jitro.v9i1.18583

Sammut-Bonnici, T. (2015). Strategic Management. https://doi.org/10.1002/9781118785317.weom060194

Shukran, K., Mohammad Nazri bin Mohamad Nor, & Norizah Binti Mustamil. (2023). How Smart Firms Power Global Knowledge Acquisitions Through Socialization Mechanisms: Evidence from Malaysian Foreign Subsidiaries. International Journal of Business and Social Science Research, 4(7), 1–9. https://doi.org/10.47742/ijbssr.v4n7p1

Siregar, H., Agus, R., & Wibowo, L. (2020). MANAJEMEN STRATEGI DI MASA PANDEMI COVID-19. Komitmen: Jurnal Ilmiah Manajemen, 1, 40–58. https://doi.org/10.15575/jim.v1i2.10316

Solakis, K., Peña-Vinces, J., & López-Bonilla, J. M. (2017). DART model from a customer’s perspective: An exploratory study in the hospitality industry of Greece. Problems and Perspectives in Management, 15, 537–549. https://doi.org/10.21511/ppm.15(si).2017.07

Vencato, C., Gomes, C., Scherer, F., Kneipp, J., & Bichueti, R. (2014). Strategic sustainability management and export performance. Management of Environmental Quality: An International Journal, 25. https://doi.org/10.1108/MEQ-02-2013-0014

Downloads

Published

2024-08-14

How to Cite

Robbani, Y. T., Denashurya, T. G., Novrianto, B., Saputra, Z., Samosir, K. J., Susila, L. A. N. K. E., Alfiansyah, V., & Halim, A. (2024). Establishing Company Direction: A Literature Review of Management Strategy. RADINKA JOURNAL OF SCIENCE AND SYSTEMATIC LITERATURE REVIEW, 2(2), 340–350. https://doi.org/10.56778/rjslr.v2i2.298

Issue

Vol. 2 No. 2 (2024): Radinka Journal of Science and Systematic Literature Review (RJSLR)

Section

A Systematic Literature Review

License

Copyright (c) 2024 RADINKA JOURNAL OF SCIENCE AND SYSTEMATIC LITERATURE REVIEW

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

<a rel="license" href="http://creativecommons.org/licenses/by/4.0/"><img alt="Creative Commons License" style="border-width:0" src="https://i.creativecommons.org/l/by/4.0/88x31.png" /></a><br />This work is licensed under a <a rel="license" href="http://creativecommons.org/licenses/by/4.0/">Creative Commons Attribution 4.0 International License</a>.