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Strategy - The Strategy Process: „Advances in Strategic Management is dedicated to communicating innovative, new research that advances theory and practice in Strategic Management. The domain of the series encompasses, but is not limited to, corporate and business unit strategy, strategic organization and process, alliances and networks, and competitive dynamics. The series is committed to expanding the scope of Strategic Management theory and analysis and enriching practice by: encouraging multitheoretical approaches that span multiple social science disciplines • welcoming papers using a diversity of innovative research methods • creating focused volumes that explore in depth promising new research directions, consolidate research streams, and address significant current theoretical and practical problems”. Joel A. C. Baum, Professor of Strategy and Organization and Canadian National Chair in Strategic Management in the Strategic Management Area at the Rotman School of Management, University of Toronto, Toronto, Ontario, Canada. Process-Strategy Matrix A matrix formed by as estimate of the strategic importance of a process on the horizontal axis and an estimate of the process complexity and dynamics on the vertical axis. Assuming that "low" is positioned at the lower right corner of both continua, then processes that fall in the lower-left are of little complexity, don't change very often and don't have much strategic importance. They should be automated if possible and given the minimum resources necessary for efficient functioning. Conversely, processes that lie at the upper-right are complex, dynamic and of high strategic importance. These are usually the processes that provide your company with its competitive advantage and should be nurtured accordingly. Online Guides Strategy process (how to do strategy) is as important as the actual strategies that organizations develop. There are a small number of online guides to strategy development. Below are some links that will provide you with useful information on Process Strategy: http://media.wiley.com/product_data/excerpt/2X/04713840/047138402X.pdf http://www.rotman.utoronto.ca/~baum/v22_toc.html http://www.geoffballfacilitator.com/strategyprocess.html NASA Strategic Plan – http://www.hq.nasa.gov/office/nsp/ www.nasa.gov/pdf/1968main_strategi.pdf
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