Date of this Version

April 2007

Document Type

Conference Paper

Publication Details

Pre-publication print This is a pre-publication submission to the 2007 International Conference on Strategic Management held 19-20 April 2007 at Sichuan University, Chengdu, China. Accepted conference papers will be published by Sichuan University. Copyright ©2007 Sichuan University

Abstract

Strategies are developed to guide an organisation toward its goal. Sometimes the organisation adopts tried and tested strategies and thereby simply does more of the same year after year. When major strategic change is eventually required to keep pace with the competitive nature of the market-place or in the light of new technology, generic strategies might not always suffice. What is then needed is a way to transcend the existing paradigms of strategy development, i.e. a process by which management effort can be focussed upon using the firm’s established strengths to exploit perceived market opportunities and conquer external threats, while concurrently improving its internal weaknesses.

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