Strategic Management and its Subjectivity to Neoliberalism and Military History
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This essay evaluates the significant ways that neo-liberalism and military history have been subjective to strategic management. It discusses the implementation of military terminology in modern management, the importance of strategy, and the political implications of globalization strategies.
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Running head: STRATEGIC MANAGEMENT STRATEGIC MANAGEMENT Name of the Student: Name of the University: Author note:
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1STRATEGIC MANAGEMENT Introduction The growth of neoliberal economic and political policies has privileged market-centric activities. While welfare state developments along with progressive tax regulations have reduced economic imbalance between the mid 1930’s and the middle of 1970, the elevating influence from the end of the 1970’s of neoliberal regulations and policies has primarily served to restore class authority in addition to economic inequality. Styhre (2014) has noted that the increasing role of monetary motives along with economic markets, financial actors in addition to financial agencies in the functioning of local as well as operational economies has resulted to an accumulation of revenues in the finance industry along with a sharp rise in leadership roles and top management compensation. The purpose of the essay is to evaluate the significant ways that neo-liberalism and military history have been subjective to strategic management. Discussion The lexicon of modern management terminology primarily comprises of several words which tend to be disloyal to a martial origin. Knights and Morgan (1990) have noted that these semantics of management have been ranked with military phraseology related to strategies, operations, workforce and divisions. Such an idea has developed when the business world is typically recorded in military terminologies whereby organizations became the metaphors for armies and on the other side, competition or rivalry developed into a symbol for conflict. According to authors, the implementation of such military terminology exhibited a tendency to emerge of the sources of modern business formation in the 19thcentury. Meanwhile, Talbot (2003) stated that within a business arena, strategy is identified that is practised by top hierarchical management and thus has been defined as the process of planning, strategizing and
2STRATEGIC MANAGEMENT outlining the objectives and targets. Talbot in his study has found that one of the most recognized military theorists named Von Clausewitz who had a vital role in the Prussian armed services viewed strategy as the art of using battles in order to attain the targets and goals of the campaign. Duménil and Lévy (2015) have noted that the apparent semantic associations and martial management language has offered a highly identifiable periodic timeframe ranging back to the prehistoric Greeks and Sun Tzu. However, drawing comparison to contemporary industrial and post-industrial society with agricultural societies does not draw relevance to the comparison of like with like and so the metaphor is sufficient only when it tends to disintegrate. According to authors, several military historians, along with contemporary business students perceive the Chinese military strategist, Sun Tzu as the major developerof the ‘Bible’ of the strategy. Linstead et al. (2004) have confirmed that the strategy implemented by Sun Tzu have been divided into primarily two components which have been based onknowing oneself and knowing the enemy. Moreover, the critical competence of both military as well as civilian planning is related to the access to market information or further position military vernacular, intelligence. Knights and Morgan (1990) have noted that modern organizations can thoroughly and precisely persuade one of the attractive strategic planning models that have its availability but still show incompetence as it failed to conduct “strategic surveillance”. Furthermore, it should regulate an extensive range of events internally and externally to the corporation which have the competence to influence the implementation of its strategic management. On the other side, Sewpaul (2013) has shed light to the conflicts over the domains of jurisdiction resulting to the inevitable and persistent procedures in executive arena. Nonetheless, such jurisdictional domains are in due course based on the performativity of the profession which investigates the competence of attaining success within a social setting. Additionally, Duménil
3STRATEGIC MANAGEMENT andLévy(2015)havestatedthatjurisdictionalconflictandnegotiationshavenotbeen underrepresented in the domain of management studies. However, on the other hand, Davies (2014) has noted that if neoliberalism is identified as a policy and intellectual movement away from state control, financialization has been associated with the most fundamental product. There has been found substantial evidence related to the elevated growth of the finance sector in the developed financial system. Furthermore, Styhre (2014) has shed light on the European Union whereby FIRE (finance, insurance and real estate) tend to contribute more in comparison to any other sector. However such a claim is said to draw accuracy in nations which have managed to sustain a well established manufacturing sector. For example, in the EU-27, the FIRE sector reported to amount to around 28.8% of GDP in 2010 whereas the manufacturing sector amounted to around 18.5% in Germany and the FIRE share estimated around 30.4% that has been estimated to be above the EU average with manufacturing sector amounted to around 23.4%. Meanwhile, authors have stated that the political implications of globalization strategies have relied on the reconfiguration of political, financial along with ideological structures. The growing coalition of various multinational corporations, consultancies along with professional serviceorganizationshasbeenillustratedinGramsciantermsasthesuperiorityofa ‘transnational historical bloc’ (Sewpaul 2013). Knights and Morgan (1990) noted that dominant ideology of this coalition as a disciplinary neoliberalism primarily involves trust and reliability in market forces, privatization along with the dependence on private economy instead of relying on public initiativeand responsibilitywhich resultsto unregulatedor free globaltrade and investment and minimal provision of social services. Moreover, even while indicating solidarity of aim and the universality of the sectional gains of senior management as well as stakeholders,
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4STRATEGIC MANAGEMENT the discussion related to strategy tend to legitimate organizational hierarchy with differential superiority, influence and rewards (Styhre 2014). Conclusion Hence to conclude, the importance linked to strategy implies that employees who engage external to the strategic core of an organization make lower degree of contribution and thus cannot be anticipated to participate in decision making whereby others have accountability. Nevertheless, it has been noted that modern post industrial organizations show less rigidity and hierarchy due to their need to have greater degree of resilient structure which do not show any dependence on the command and regulative structures of previous period.
5STRATEGIC MANAGEMENT References Davies, W., 2014. Neoliberalism: A bibliographic review.Theory, Culture & Society,31(7/8), pp.309-317. Duménil, G. and Lévy, D., 2015. Neoliberal managerial capitalism: Another reading of the Piketty, Saez, and Zucman data.International Journal of Political Economy,44(2), pp.71-89. Knights,D.andMorgan,G.,1990.Theconceptofstrategyinsociology:anoteof dissent.Sociology,24(3), pp.475-483. Linstead, S., Fulop, L., Lilley, S. and Banerjee, B., 2004.Management and organization: A critical text(pp. 497-500). New York: Palgrave Macmillan. Sewpaul, V., 2013. Neoliberalism and social work in South Africa.Critical and Radical Social Work,1(1), pp.15-30. Styhre,A.,2014.Theinfluenceofneoliberalismanditsabsencefrommanagement research.International Journal of Organizational Analysis,22(3), pp.278-300. Styhre, A., 2014.Management and neoliberalism: Connecting policies and practices. Routledge. Talbot, P.A., 2003. Corporate generals: The military metaphor of strategy.Irish Journal of Management,24(2), p.1.