Authors: Jeremy Galbreath
Addresses: Graduate School of Business, Curtin University of Technology, Perth, Western Australia, Australia
Abstract: Strategic management encompasses the broad-based factors of strategy formulation and strategy implementation. Historically, much of strategic management|s influences came from an Industrial Age ||mindset|| including concepts and management philosophies. However, economic change now appears to be a foregone conclusion. Indeed, many suggest that the structure of global business is in the middle of a so-called ||new economy|| transformation to the Information or Knowledge Age, one where the association between a new economic order and information technology is often made. Unfortunately, while strategic management has been widely discussed in the literature, discussions have seemingly fallen short when taken in context with information technology. The argument is made that information technology is indeed essential to the processes of strategic management and should take on more substantive discussions in the literature.
Keywords: strategic management; strategy; strategy formulation; strategy implementation; new economy; information technology.
International Journal of Information Technology and Management, 2003 Vol.2 No.4, pp.291 - 311
Published online: 02 Apr 2004 *Full-text access for editors Access for subscribers Purchase this article Comment on this article