Review Of Five Preselected Journal Articles On Business Strategy

This assessment task involves reviewing Five preselected journal articles. Students are required to write critical reviews for each of the 5 journal articles.

1. Caroll’s pyramid of CSR: taking another look

2. Strategic clarity, business strategy and performance

3. Assessment of Business Strategy: Implication for Indian Bank

4. How technology?driven business strategy can spur innovation and growth?

5. The Impact of Business Strategy on Leadership

Caroll’s Pyramid of CSR: Taking Another Look

Title of the Journal:  International Journal of Corporate Social Responsibility

The purpose of this article is to review the Pyramid of CSR, elaborate on it and to discuss some features of the model that were not clarified when it was initially published in 1991.

Theory Yes. The paper explains each of the four-part frameworks of Caroll’s Pyramid briefly. The ethics permeate the pyramid; tensions and trade-offs characteristic; its combined and unified structure, its sustainable stakeholder framework and its applicability in a global method. The article concludes by looking to the future of the concept of Pyramid of Caroll.

Methodology Caroll extracted the four-part definition and reorganized it in the form of a CSR pyramid. The pyramid aimed to single out the meaning of CSR and to elaborate the nature of the four-part framework. The concept of the Pyramid is that the structure of CSR is built upon the premise of economically sound and stable business.

In this article the author takes another look at the famous Caroll’s Pyramid Of Corporate Social Responsibility (CSR).The aim is to reconsider one of the more popular notions of CSR that had been used in the literature and practice for several decades. Caroll created a graphic representation of CSR in the form of the pyramid based on his four-part framework of social responsibility.   

Conclusion:

The Pyramid of CSR and its concepts seems to face a bright future. CSR will the centrepiece of the competing framework and will continue to grow steadily based on the four-strong frameworks. These include industrialization, globalization, reconciliation and academic propagation.

Academic and managerial contributions In this article, the author comments on the four-part framework of CSR and then summarize the framework upon which the pyramid was based. He also mentions many characteristics of the model that were not clarified when the concept of a pyramid was initiated.   

Title of the Journal: Journal of Strategy and Management

This article seeks to inspect the desired link among business strategy and performance which provides particular attention to the formation of effective strategies.

Theory Yes, this paper provides the information that US retailers were investigated, but businesses in other industries or countries were not accessed.

Methodology A survey was conducted by managers of 277 retail business in the USA accessing the business planning and performance.

Higher performance in some but not in all cases are related by the combination strategy. Strategic clarity is also connected with the production of the organization, and this strategic clarity is outperformed by businesses with low and high strategic clarity.

Conclusion:

This article concludes with the note that businesses could follow either a single strategy or try to combine two or more strategies. It also provided the information that while doing some businesses those who have followed a mixture of strategy had accomplished poorly, while some other have done so with excessive accomplishment. This paper tries to solve this problem by signifying that extraordinary accomplishment businesses could either focus on a particular strategy along with the Miles as well as Snow topology or combination of all three correspondingly. It also suggested that those businesses who would try for instant mixtures are more likely to execute poorly.

Strategic Clarity, Business Strategy and Performance

Academic and managerial contributions The idea of strategic clarity was proposed by this journal article and also provided evidence that supports the U-shaped connection among strategic clarity as well as business presentation.  

Title of the Journal:  Journal of Strategy and Management

Purpose There has been thorough research on the Indian banks on the various internal factors including organizational performance and organizational design, but to fill up the knowledge gap, the researchers need to research about evaluating the strategic archetypes for Indian banking sector.

Theory Yes, the strategies which are mentioned here are the general strategies which are industry-specific strategies. The provided plans are similar competitive strategies which are chosen by the group of businesses. The business type decides the way of policy to be employed.

Methodology The methodology which the author has used to collect data from the literature which covers 14 items, completing various sides of strategic directions. Also, a structured set of questions were put to use for 330 bank managers working at different levels in multiple banks. Such methodology was used to collect the data shown in the article.

Findings and conclusion The findings in the case of Indian Banks are categorized into four major factors out of 14 items. The primary factors include competition, cost, innovation, and customer needs. The fundamental elements which received high-value factors are market share and new products, followed by competition, price and services. The conclusion mainly focuses on cost orientation and customer orientation which dominates the Indian banking Industry. The conclusion part draws the most attention to the market share as well as new products matrix which can help to assign and can be used as a strategic tool for Indian banks.

Academic and managerial contributions The contributions which are from the academic side is about the whole journal. Without the proper steps, writing, and calculations such a journal would not have been made. Academicians constructed the set of question for the various managers working in different levels of different banks. And the managerial contributions is about answering the set of questions to have the practical idea about the different notions of strategies, which has given the journal a set of figures and decimals which helps to depict the concept clearly.

Title of the Journal :Strategy & Leadership

The purpose of this article is to check how the technology-based business planning could spur innovation and development of any businesses.

Theory Yes. The article estimated that additional 90 percent of the innovation in the automobile industry would be electronics-based by 2010.

Second, technical knowledge is frequently adequate to execute different tasks associated with the concerned businesses. Numerous innovation-based schemes are established on the distinctive market application of remaining combined set of technologies rather than necessitating technical development.

Third, innovation comes in the area where the market as well as technical insights are combined, a procedure that is frequently easier to join within the minor commercial firm than in the larger organizations that are more established.

Finally, the competitive advantage that is effectively gained by knowledge requires companies to keep the pace concerning the risks throughout the confined business market segments that takes place due to changes in latest innovative technologies.

Assessment of Business Strategy: Implication for Indian Bank

Methodology Primary method was adopted to execute the conduct the research. A survey of ten companies those re mainly known for their respective strong innovation was accompanied by the IBM Institute for gaining Business Value.

The article begins with the acknowledgment that modernization is now serious in continuing progress and progressively happens at the connection of market insight and technical knowledge. Technical competences are of no importance deprived of market insight, and if the market visions are left idle, the expertise and technology creates susceptibilities that could be attacked by new entrants in the market.

Conclusion:

The paper concludes that the concept of the values of a strategic business process combining market perceptive with technical knowledge could help companies across different segments to expand their innovation. The companies that are fast to recognize their potentials and study to master its values could set the pace of innovation in their businesses and brings out the competitive outline.

Academic and managerial contributions The achievements of the companies studied by IBM shows that the successful companies combined market insight with technical knowledge and broke the progress of their competitors. A detailed analysis of the companies shows that there were no innovatory inventions that caused their respective developments. Maximum of the technologies tangled were not patented, and they were accessible for moderately certain time. But the companies’ technical facts offered a fresh development through which they would search for resolutions to marketplace needs besides chances, and that appropriate mixture led to new innovations.  

Title of the Journal:  Journal of Strategy and Management

The purpose of this journal is to check the proposal that how factors like leadership skills, qualities, as well as styles affect business plans and to access the consequences of these effects for the preparation of both administrative and tactical planning.

Theory Yes, there have frequent studies of the external as well as internal circumstances on leadership, but this journal is one of the first readings of the serious impacts of planning on leadership.

Methodology Primary method is used by an experimental study that was conducted based on over 450 replies to an online survey. To test the effects of different plans on leadership, continuous rating scales were allowed for the use of regression analysis.  

The results deliver strong experimental proof that Product regarding different low-cost policies, Best Worth, and Blue Ocean strategies have noteworthy effects on leadership. Marketplace planning has limited influences on leadership, and these findings are highlighted by the superior difficulty of Product, Better Value, as well as Blue Ocean Strategies.

Conclusion:

The article concluded the findings that the leaders should adjust their behaviour and leadership styles to implement alternate plans proficiently and while formulating the plan, planners should access their organization’s leadership capabilities.

Academic and managerial contributions The journal discovers any strategy mediates the effects of planning on leadership and the necessity of further studies to search if these effects are weakened by the external and modest circumstances and the impact of leadership on administrative performance. This Journal provide immense knowledge regarding the execution of the business processes throughout the concerned competitive market segments.