Speed and Potential Breakdown in the Process of Strategic Renewal

Volker Mahnke, John Harald Aadne

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    Abstract

    This paper suggest that successful strategic renewal involves three subprocesses, namely (1) facilitating strategic imagination, (2) developing of common ground among top management and middle management, and (3) coordinating strategic action. The management of and the linkage between the three sub-processes of strategic renewal has to consider potential breakdowns (language barriers, unclear contribution to common grounds, competing common grounds). Further, it is suggested that the careful management of speed is at the heart of achieving successful strategic renewal and avoiding breakdown. We identify key variables influencing the speed of the strategic renewal process (subjective time, participation) and explain what trade offs managers face when they try to slow down or speed up the process of strategic renewal.
    Original languageEnglish
    Place of PublicationCopenhagen
    PublisherInstitut for Industriøkonomi og Virksomhedsstrategi, Handelshøjskolen i København
    Number of pages24
    Publication statusPublished - 1997
    SeriesWorking Paper / Department of Industrial Economics and Strategy. Copenhagen Business School
    Number1997-10
    ISSN1398-7461

    Cite this

    Mahnke, V., & Aadne, J. H. (1997). Speed and Potential Breakdown in the Process of Strategic Renewal. Institut for Industriøkonomi og Virksomhedsstrategi, Handelshøjskolen i København. Working Paper / Department of Industrial Economics and Strategy. Copenhagen Business School, No. 1997-10