Business Strategy: Managing Uncertainty, Opportunity, and EnterpriseAutor J.-C. Spender
en Limba Engleză Paperback – 6 aug 2015
Emphasising that firms face uncertainties and unknowns, this book argues that the core of strategic thinking and processes rests on the organization and its leaders developing newly imagined solutions to the opportunities that these uncertainties open up. It presents new approaches for managers, consultants, strategy teachers and students.
For too long, strategy and entrepreneurship have been different fields. Now Spender shows entrepreneurship not founding firms but creating value under uncertainty to be the nub of the strategizing process, irrevocably linking them. The result is important for scholars and practitioners alike. Strategy now embraces entrepreneurship as the starting point of any explanation of superior firm performance.
Business managers usually say more than they intend, so employees often interpret strategies differently and go in different directions. Spender re-examines strategizing under conditions of uncertainty, showing entrepreneurs construct special language to shape what others note and act on. He provides managers and consultants with a structured practice for value-creation.
Fascinating much to be learnt from the books exposition and content. Taking Knightian uncertainty seriously, Spenders subjectivist approach is wholly novel. The entire positivist strategy oeuvres relevance to managerial practice (and much else besides) is questioned.
es! Managerial rhetoric should be central to our teaching