The Role of Non-Economic Concerns in Strategy Formulation

Strategic Analysis
Knowledge Center

 

Next Topic

Strategic Analysis > Forum

milton musukwa, HR Consultant
What is the relevance of non-economic concerns of society and corporate culture and how do they affect the formulation and implementation of strategy? (...) Read more? Sign up for free

Please register now to read all responses and to join this discussion yourself. It's easy and 100% free.

Sign up for free     Log in


  Jaap de Jonge, Editor, Netherlands
 

The Role of Non-Economic Concerns in Strategy Formulation

Hi Milton, good question with many possible answers...To get started, take a look in the following knowledge centers:
- Stakeholder Management
- Corporate Responsibility
- Corporate Sustainability
- PEST Analysis
All the best.

  Ramesh Gopinath Tagat, Professor, India
 

Impact of Non-economic Factors on Strategic Analysis

Very relevant to MNCs in developing countries in terms of social investment, in corporate social responsibility. Cross-cultural interactions for product and service management to suit to local needs. Also refer to Prof CK Prahalad's " Fortune at the Bottom of the Pyramid" which had a breakthrough influence on western MNC's in developing countries in Asia, Africa and Latin-America...
As formulation and implementation of the strategy has to align with every subsystem in the changing dynamic environment, the impact of fast changing information and communication technology on social and cultural aspects have become the major strategic success indicators. So also aligning the corporate culture to changing environment to manage increasing employee diversity has become paramount for the survival and growth of corporates in the long run.

 
More on Strategic Analysis
Summary
Forum
The Role of Non-Economic Concerns in Strategy Formulation
🔥Strategy Formulation as the Means to Arrive at a Future End State
Special Interest Group Leader

Are you an expert in Strategic Analysis? Sign up for free


Strategic Analysis
Knowledge Center

 

Next Topic



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2020 12manage - The Executive Fast Track. V15.6 - Last updated: 23-10-2020. All names of their owners.