Purpose – The purpose of this article is to raise issues about how managers think strategically. Specifically, it concerns issues about the appeal of relatively simple, economic concepts at the expense of those that are more complex and involve an understanding of human nature....

Purpose – The purpose of the paper is to place organizational learning within the context of strategic management and to explain why it is important that senior managers view training and staff development as being continuous. Practising managers will be able to appraise the way in which their...

Purpose – By using the internet search engine Google™ as the primary example, this article illustrates: (1) that some high‐growth expectations are unsustainable over the short and medium term; and (2) that dependency on single revenue streams may provide growth over the short term, but may...

Purpose – The purpose of this paper is to highlight the principles that businesses should (and should not!) follow in their foresight activities and to show how foresight serves the development of knowledge capital in business companies. Design/methodology/approach – This paper singles out...

Purpose – The purpose of this paper is to introduce strategic managers to a multi‐perspective approach to thinking about risk. Design/methodology/approach – This paper takes the form of a review. Findings – An eight‐fold way of thinking about risk is suggested: as a formal idea in...

Purpose – The purpose of this paper is to provide a conceptual framework to understand the subject of strategy. Design/methodology/approach – The article weaves together the author's thinking, research and experience in strategy consulting. Findings – Strategy is the relationship between...

Purpose – The purpose of this paper is to describe and analyze Sabre Yachts, a firm that manufactures specialty sail and power boats. Design/methodology/approach – A case research method including field interviews and secondary research was carried out. The case describes the dilemma that...

Purpose – The purpose of this paper is to explain three frameworks that can be used to aid strategic decision making and the implementation of strategies. Design/methodology/approach – Dissatisfaction with existing approaches to strategic management, e.g. Michael Porter's models and SWOT...

Purpose – In the last few years the field of strategy implementation has been growing. Much of the current literature explains the “why”. This paper aims to shift the thinking from the “why” to the “how”. Leaders are now beginning to state that they understand that it is important...

Purpose – Safety management systems are created by firms to insure workplace safety while managing acceptable levels of risk. Global competition and the need to assimilate new processes, materials, and technologies, have imparted a more immediate financial and societal imperative in...