Corporate Governance Effects of Strategy-making Process
In strategic management theory,corporate strategy process is composed of strategy formulation and strategy implementation. In this process,strategy formulation is the focus of corporate strategy decision-making. In traditional literature on strategy formulation,the main perspective was the participants and the rational behavior in strategymaking process. As a result,the diverse scenarios in strategy-making process were examined,the different types of strategy formulation were defined and the performance improvement associated with successful strategy-making process was explored. In this paper, we adopt governance perspective of strategy, analyzing the process of strategy formulation, arguing that corporate strategy-making process can play a governance effect. We believe,it is the change from individual rationality to organizational rationality brought about by governance effects that enables companies to improve performance. These provide a supplement to traditional strategy-making theory.
Strategy Strategy Formulation Strategic Decision-making Corporate Governance Governance Effects
XUE Youzhi GUO Yongfeng
Center for Studies of Corporate Governance, Nankai University, Tianjin, China, 300071
国际会议
The Sixth International Symposium on Corporate Governance(第六届公司治理国际研讨会)
大连
英文
131-137
2011-08-20（万方平台首次上网日期，不代表论文的发表时间）