Strategic adaptation: cross-cultural differences in company responses to an economic crisis

Dordrecht : : Springer, , 2011.

1 online resource (266 p.)

Description based upon print version of record.. - Title Page; Copyright Page; Table of Contents; Figures; Tables; List of abbreviations; 1 Introduction: Researching strategic adaptation in a cross-cultural context; 1.1 Cultural influences on strategic adaptation; 1.2 Overview of the research design; References; 2 Strategic decision-making, the environment, and national culture: An overview of key concepts; 2.1 Strategy content; 2.2 Strategy process; 2.3 Four perspectives on the strategic decision-making process; 2.4 The environment; 2.5 Environmental change. - 2.6 The 2008-09 financial and economic crisis as an exemplified major environmental change2.7 Adaptation as a concept in strategic management; 2.8 National culture as an influencing factor on managerial decision-making; 2.9 Summary of the key concepts; References; 3 The strategic adaptation process: a literature review; 3.1 From environmental determinism to strategic choice; 3.2 Proactive versus passive adaptation; 3.3 Adaptability: real options and dynamic capabilities perspectives; 3.4 Cognitive perspectives of the strategic adaptation process; 3.4.1 Attention focus. - 3.10 Summary of the strategic adaptation processReferences; 4 Strategic action in response to economic crises; 4.1 Rationalizing versus protection/pre-emption strategies; 4.2 Focus on the core business versus diversification strategies; 4.3 Internally-directed versus externally-directed strategies; 4.4 Summary of adaptation strategies in response to economic crises; 4.5 Hypotheses on the link between strategic issue analysis and strategic action in response to economic crises; References; 5 Cultural differences between Austria and Slovenia; 5.1 Performance orientation; 5.2 Future orientation. - 3.4.2 Environmental-strategy causal logic3.5 The sense-making process; Cognitive deficiencies potentially affecting the adaptation process; 3.6 A model of the strategic adaptation process; 3.7 Strategic issue diagnosis; 3.7.1 Opportunities and threats; 3.7.2 Urgency and feasibility; 3.8 Political behaviour and conflicts in strategic decision-making processes; 3.8.1 Political behaviour in organizations; 3.8.2 The role of conflicts; 3.9 Other variables with possible influence on the strategic adaptation process; 3.9.1 Organizational size; 3.9.2 Industry; 3.9.3 Slack resources. - 5.3 Assertiveness5.4 In-group collectivism; 5.5 Uncertainty avoidance; 5.6 Gender egalitarianism; 5.7 Cultural dimensions without significant differences between Austria and Slovenia; 5.8 Summary of cultural differences between Austria and Slovenia; References; 6 Cultural influences on the adaptation process; 6.1 Hypotheses on cultural influences on strategic issue diagnosis; 6.2 Hypotheses on cultural influences on strategic action in response to the economic crisis; 6.3 Hypotheses on cultural influences on political and decision behaviour in strategic decision-making processes; References. - 7 Qualitative study: management interviews about strategic adaptation to the financial and economic crisis. - How do companies adapt their strategies when they are faced with a global economic crisis? Do managers in different countries differ in the way they react to major changes in their companies' environment? Is national culture influencing adaptation strategies in times of crisis? auStrategic Adaptation"" explores the processes that are at work when companies adapt to environmental change -- from strategic issue diagnosis and decision-making processes (including political behavior and conflicts within these processes) to specific strategic action that is taken in response to economic downturn. Ba

Electronic books.

382/.6

9783709104545