+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Economic Analysis: Theory and Practice
 

Researching the practice of strategic management in the marketing activity of regional companies

Vol. 18, Iss. 2, FEBRUARY 2019

PDF  Article PDF Version

Received: 14 November 2018

Received in revised form: 5 December 2018

Accepted: 19 December 2018

Available online: 28 February 2019

Subject Heading: MANAGERIAL ANALYSIS

JEL Classification: A12, D01, D21, D22

Pages: 368–383

https://doi.org/10.24891/ea.18.2.368

Kostetskii A.N. Kuban State University (KubSU), Krasnodar, Russian Federation
kostetsky_andrey@mail.ru

ORCID id: not available

Chekashkina N.R. Kuban State University (KubSU), Krasnodar, Russian Federation
chenaro@yandex.ru

ORCID id: not available

Subject Strategic management is a key to successful company development. The choice of the development vector depends directly on the decision-making process and many factors influencing it. Strategic analytics of company's marketing position, analysis of macro and micro indicators in economic, political, technological and sociological areas remained secondary in solving routine problems, heading the business to wobbling from the point of view of strategic marketing management. Many companies focused exclusively on the nearest competitive environment, following the leader, but did not take into account macroeconomic indicators in the country and in the international market.
Objectives The purpose of the study is to conduct a descriptive research of strategic planning process, its essence and significance for the managerial staff of the company.
Methods The paper rests on general scientific methods of research.
Results We show the role of strategic management process and the attitude of business towards strategic planning. In particular, we compare the applied strategic management practices with theoretical concepts and approaches to management process determination, such as an evolutionary approach to strategic management.
Conclusions The paper confirms the hypothesis about business relation to strategy as an intuitive tool, supported by experience and authority. This testifies to insufficient level of qualification of the managing personnel in the sphere of marketing management, manifestation of confidence in own intuition and experience, and concentration on solving tactical problems.

Keywords: strategy, strategic development, marketing, management

References:

  1. Child J. Organizational Structure, Environment and Performance: The Role of Strategic Choice. Sociology, 1972, vol. 6, iss. 1, pp. 1–22. URL: Link
  2. Andrews K., Bower J., Christensen C.R., Hamermesh R., Porter M.E. Business Policy: Text and Cases. Homewood, IL, Richard D. Irwin, Inc., 1986.
  3. Drucker P. Entrepreneurship in business enterprise. Journal of Business Policy, 1970, no. 1, pp. 3–12.
  4. Ansoff I.H. Corporate Strategy. New York, McGraw-Hill, 1965.
  5. Steiner G. Top Management Planning. New York, Macmillan, 1969.
  6. Poplavskii B.N., Gorshkova L.A. [Integrated methodology for strategic management]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2007, no. 16, pp. 11–14. URL: Link (In Russ.)
  7. Quinn J.B. Strategies for Change: Logical Incrementalism. Homewood, IL, R.D. Irwin, 1980.
  8. Lindblom C. The Science of ‘Muddling Through’. Public Administration Review, 1959, vol. 19, iss. 2, pp. 79–88. URL: Link
  9. Mintzberg H., Waters J.A. Of strategies, Deliberate and Emergent. Strategic Management Journal, 1985, vol. 6, iss. 3, pp. 257–272. URL: Link
  10. Bailey A., Johnson G., Daniels K. Validation of a Multi-Dimensional Measure of Strategy Development Processes. British Journal of Management, 2000, vol. 11, pp. 151–162. URL: Link
  11. Hart S. An Integrative Framework for Strategy-Making Process. Academy of Management Review, 1992, vol. 17, pp. 327–351. URL: Link
  12. Mintzberg G., Ahlstrend B., Lampel J. Shkoly strategii. Strategicheskoe safari: ekskursii po debryam strategii menedzhmenta [Strategy Safari: A Guided Tour Through the Wilds of Strategic Management]. St. Petersburg, Piter Publ., 2002, 330 p.
  13. Kat'kalo V.S. Evolyutsiya teorii strategicheskogo upravleniya [Evolution of the theory of strategic management]. St. Petersburg, SPbSU Publ., 2011, 548 p.
  14. Prahalad C.K., Hamel G. The Core Competence of the Corporation. Harvard Business Review, 1990, vol. 68, iss. 3, pp. 79–91. URL: Link
  15. Prakhalad K.K., Krishnan M.S. Prostranstvo biznes-innovatsii: cozdanie tsennosti sovmestno s potrebitelem [The New Age of Innovation: Driving Cocreated Value Through Global Networks]. Moscow, Al'pina Pablisherz, Yurait Publ., 2011, 258 p.
  16. Izhevskii V.L., Kononov V.N. [Strategic aspects of corporate groups' consolidation process management]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2017, vol. 16, iss. 6, pp. 1061–1081. (In Russ.) URL: Link
  17. Furrer O., Alexander M., Sudharshan D. The Impact of Resource-Strategy Correspondence on Marketing Performance – Financial Performance Tradeoffs. Journal of Strategic Marketing, 2007, vol. 15, iss. 2-3, pp. 161–183. URL: Link
  18. Bharadwaj S., Varadarajan P., Fahy J. Sustainable Competitive Advantage in Service Industries: A Conceptual Model and Research Propositions. Journal of Marketing, 1993, vol. 57, iss. 4, pp. 83–99. URL: Link
  19. Rust R.T., Lemon K.N., Zeithaml V.A. Return on Marketing: Using Customer Equity to Focus Marketing Strategy. Journal of Marketing, 2004, vol. 68, iss. 1, pp. 108–127. URL: Link
  20. Sergienko A.V. [The balanced approach in strategic management]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2012, no. 11, pp. 52–59. URL: Link (In Russ.)
  21. Palamarchuk V.P. [A complex approach to analysis of company value factors in the process of strategy development]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2008, no. 24, pp. 40–47. URL: Link (In Russ.)
  22. Ilysheva N.N., Varlacheva T.B., Selevich T.S. [Methodological features of the strategic competitive and strategic marketing analysis]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2010, no. 39, pp. 38–44. URL: Link (In Russ.)
  23. Dem'yanova O.V., Rashitova A.R. [The game theory application to strategic decision-making: A Russian company case study]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2016, no. 33, pp. 52–60. URL: Link (In Russ.)
  24. Porter M. Konkurentnaya strategiya: metodika analiza otraslei i konkurentov [Competitive Strategy: Techniques for Analyzing Industries and Competitors]. Moscow, Al'pina Biznes Buks Publ., 2005, 454 p.
  25. Vorob'ev A.D., Politov D.B. [Planning for regional companies: Strategical and long-term]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2009, no. 7, pp. 62–66. URL: Link (In Russ.)

View all articles of issue

 

ISSN 2311-8725 (Online)
ISSN 2073-039X (Print)

Journal current issue

Vol. 23, Iss. 3
March 2024

Archive