Strategic Management: Are Groups the Best Way to Make Decisions?

Tenth International Scientific-Business Conference LIMEN Leadership, Innovation, Management and Economics: Integrated Politics of Research

Juliana Osmani - β€œAleksandΓ«r Moisiu” University of DurrΓ«s, Business Faculty, Management Department, Rr. MiqΓ«sia, 2001, DurrΓ«s, Albania ORCID

Keywords:

DOI:

10.31410/LIMEN.2024.255

Abstract:

Strategic management is the process with the greatest impact on firm’s success or failure. Through the analysis of the current situation and the situation in which the company wants to be, strategic management has the responsibility for its growth. Risk and uncertainty are common conditions for strategic decision-making. Considering that the external environment is becoming increasingly unpredictable and also the bounded rationality, companies are more oriented towards the use of groups, especially for strategic decisions. The main purpose of the current research is to investigate the use of groups in strategic decision-making. Through a quantitative approach, this research upgrades the evidence arising from the existing literature by providing new elements to support a deeper understanding of the effects of the way strategic decisions are made on firm performance, enhancing the knowledge base in the field of strategic management.

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Tenth International Scientific-Business Conference LIMEN Leadership, Innovation, Management and Economics: Integrated Politics of Research - LIMEN 2024 - International Scientific-Business Conference – LIMEN 2024: Vol 10. Conference Proceedings , December 5, 2024

Conference Proceedings published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia

ISBN: 9788680194929 , ISSN: 26836149 , DOI: 10.31410/LIMEN.2024

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.

Suggested Citation

Osmani, J. (2025). Strategic Management: Are Groups the Best Way to Make Decisions?. International Scientific-Business Conference – LIMEN 2024: Vol 10. Conference Proceedings (pp. 255-263). Association of Economists and Managers of the Balkans, Belgrade, Serbia. https://doi.org/10.31410/LIMEN.2024.255

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