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New Managerial Mindsets: Organizational Transformation and Strategy Implementation by Joan E. Ricart I Costa, Michael A. Hitt, Robert D. Nixon (Hardcover, 1998)

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The new thinking, or 'managerial mindsets' need to be global in orientation and allow strategic and structural flexibility in an integrated way. It is based on sensemaking that represents an intangible structure in the firm.

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New Managerial Mindsets Organizational Transformation and Strategy Implementation In order to make sense of the new frontier of business, which entails rapid and unpredictable changes, strategic discontinuities, economic uncertainties and hypercompetition, new forms of managerial thinking will be required. The new thinking, or 'managerial mindsets' need to be global in orientation and allow strategic and structural flexibility in an integrated way. A major part of staying ahead in the new business climate will depend on organizations having the capability to create and implement strategic and structural changes that entail continuous technological improvements, particularly in the area of IT. While the importance of IT to business is widely recognized and reported, organizations still have difficulty in harnessing its true potential, namely, the ability to transform industries and markets. Flexible organizational networks that build and share the knowledge of its employees, suppliers, customers and competitors and keep pace with technological advances are the way in which companies with completely new mindsets will stay one step ahead. The editors have selected contributions that address two major themes of this new business environment and the means of managing strategically within it. Part I: Interconnected Thinking: Managerial Mindsets, Information Technology and Organizational Change looks at the shared, interconnected mental framework required throughout a firm's managerial ranks. It is based on sensemaking that represents an intangible structure in the firm. IT supports sensemaking and, thus, managerial mindsets through linkages in a managerial network and the information that flows through this network. IT is particularly important for development and the implementation of strategy and provides a form of structure to organizations. As such, IT and strategy must be aligned. Through the structure and the information that IT provides, comes the need for a firm's strategic flexibility. Managerial mindsets oriented toward change and flexible IT architecture facilitate organizational transformations. Part II: Interconnected Perspectives: Strategies, Competencies and Performance raises the importance of integration between strategy formulation and implementation processes. For example, mission statements can provide useful guides for, not only the formulation, but also the implementation of strategy. Implementation processes are particularly important for successful strategic change. A key element in implementation of strategy and strategic change is the managerial reward system. Managerial compensation affects managerial actions (e.g. to promote resource sharing across business units) and the firm's ability to effect change. Similarly, managerial ownership in a firm is often used to align managers' interests with those of the shareholders. For example, increased managerial ownership stakes in Asian firms may lead to greater product diversification because of the less diversified portfolios of Asian investors. Many other intangibles affect implementation. Founding conditions can also affect resources, routines and competencies in later time periods. Therefore, New Managerial Mindsets: Organizational Transformation and Strategy Implementation addresses critically important topics relevant to firms' success in the changing global competitive landscape.

Product Identifiers

Publisher
John Wiley & Sons Inc
ISBN-13
9780471986676
eBay Product ID (ePID)
96057313

Product Key Features

Author
Joan E. Ricart I Costa, Michael A. Hitt, Robert D. Nixon
Publication Name
New Managerial Mindsets: Organizational Transformation and Strategy Implementation
Format
Hardcover
Language
English
Subject
Management, Business
Publication Year
1998
Type
Textbook
Number of Pages
370 Pages

Dimensions

Item Height
225mm
Item Width
156mm
Item Weight
686g

Additional Product Features

Series Title
Strategic Management Series
Country/Region of Manufacture
United States
Editor
Robert D. Nixon, Michael A. Hitt, Joan E. Ricart I Costa

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item 1 New Managerial Mindsets ~ Hitt Costa Nixon Pickup Available Blackburn North VGC
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New Managerial Mindsets: Organizational Transformation and Strategy Implementation by Joan E. Ricart I Costa, Michael A. Hitt, Robert D. Nixon (Hardcover, 1998)

About this product

Product Information

Product Identifiers

Product Key Features

Dimensions

Additional Product Features

All listings for this product

item 1 New Managerial Mindsets ~ Hitt Costa Nixon Pickup Available Blackburn North VGC

item 2 New Managerial Mindsets: Organizational Transformation and Strategy Implementati

Best Selling in Adult Learning & University

Time Management by Peter Quarry (Paperback, 1986)

Complete Illustrated Encyclopedia of Dinosaurs & Prehistoric Creatures by Dixon Dougal (Paperback, 2014)

Polyvagal Exercises for Safety and Connection: 50 Client-Centered Practices by Deb Dana (Paperback, 2020)

Save on Adult Learning & University

Ford Falcon EF EL / Fairlane NF NL 1994 - 1998 Workshop Manual

Netter Atlas of Human Anatomy: Classic Regional Approach

Sapiens A Brief History of Humankind by Yuval Noah Harari Paperback Book NEW

BORN IN 1971?... 1951?BIRTHDAY...Australian Social History....Chrisi, Birthdays

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It's Not You: How to Identify and Heal from NARCISSISTIC People by Ramani Durvas

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