Conceptual Development on Strategic Management for Organizational Improvement
Journal of Social Sciences, Humanities, and Arts, Volume 17, Number 3 (September-December 2017)
10 Pages Posted: 22 May 2017 Last revised: 27 Apr 2018
Date Written: 2017
The objective of this paper is to present a theoretical model for strategic business management. There are three basic models that deal with the notion of business strategy: an Input/ Output model, a resources-based model, and an agency model of the organization. The models are a result of the strategic management paradigm. Knowledge management (KM) was then developed to significantly define knowledge as a valuable strategic resource for businesses. The agency model indicates more promise having the potential to incorporate both of the other models, but current approaches are passive and do not embrace complexity. The collective agency, a new form of this model that embraces these attributes, will be presented.
Keywords: Knowledge cybernetics, strategic management paradigm, business strategy, collective agency theory
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