Comprehensive Review: Exploring Core Concepts in Business Strategy

This literature review synthesizes insights from several articles on business strategy, covering topics such as managing family businesses, international human resource management (IHRM) strategies in Chinese multinationals, strategic management process evolution, the impact of organizational culture on governance, and the relationship between organizational culture and strategy. The review highlights the importance of data collection, short-term strategies for small businesses, organizational transformation for effective IHRM, communication strategies for change management, cultural diversity in the workplace, and the role of organizational culture in achieving competitive advantage and sustainability. Each article's contribution to business strategy theories and concepts is evaluated, emphasizing practical applications and insights for improving business performance and adaptability. Desklib provides access to this and other solved assignments.

Running head: BUSINESS STRATEGY
Business Strategy
Name of the Student
Name of the University
Author Notes

1BUSINESS STRATEGY
Title of the Article Managing Family Businesses in Small Communities
Date of
Publication/Volume
and Issue
28 June 2008
Author/s Names
Nancy J. Miller, Harriet McLeod, and Keun Young Oh
Purpose:
The purpose of the article is to discuss matters related to family
business in small communities. This will help to identify the strategies
to overcome issues faced by the small scale business. From the data
that is collected, it will possible to identify the small scale business
management issues.
Theory:
The theory of groupings in the family business has been discussed that
will help in dealing with the small scale issues. The differences in the
strategies at different levels of business are the major weakness of this
theory. Nevertheless, it will help in the purpose of long-terms planning
of the family business.
Methodology:
Primary data was collected to implement the quantitative methodology
Data Analysis Statistical tools of mean and standard deviation is used to analyze the
given collected data. There is also the tool of hypothesis testing.
Findings and
Conclusion
The Higgins analysis has been used to evaluate the findings that
suggest that needs of data collection related to the customer

2BUSINESS STRATEGY
satisfaction levels.
How did the article
contribute to the
theories and concepts
of Business Strategy?
The findings of the articles focus on the importance of data collection
and implementing short term strategy for the small scale business.
This will help them o track the changes in the levels of business
demands at small scale.

3BUSINESS STRATEGY
Title of the Article
2
International human resource management strategies of Chinese
multinationals operating abroad
Date of
Publication/Volume
and Issue
2013, 1 July
Vol: 19 No. 4,
Author/s Names
Di Fana, Mike Mingqiong Zhangb and Cherrie Jiuhua Zhu
Purpose:
The paper discusses about the issues related to the strategic
international human resource management taking information from the
Chinese multinational organizations. The paper has contributed to the
existing literature related to international human resource
management.
Theory: The theory of financial learning has been incorporated as a part of the
international strategic management that has helped to deal with the
issues of multiple international cultures in the HRD.
Methodology:
The case study Research methods will be used that have helped in the
process of primary data collection. The three Chinese organizations
have been chosen for the given project work.
Data Analysis The analysis is done in the forms of evaluating themes that are related
to the existing human resource strategies of the chosen Chinese
organizations.
Findings and The finding suggests that organizational transformation is needed to

4BUSINESS STRATEGY
Conclusion deal with the issues international HRM policies. The learning
capability of the organization depends on the ability to promote the
business culture as a part of the human resource operations.
How did the article
contribute to the
theories and concepts
of Business Strategy?
The findings of the article help in the matters of understanding the
theories related in the organizational transformation that is needed in
the purpose of dealing with the issues of HRM at the international
business levels. It is therefore essential to have effective human
resource policies that are needed for higher levels of effective business
strategy.

5BUSINESS STRATEGY
Title of the Article
3
NEW PERSPECTIVES ON STRATEGIC MANAGEMENT
PROCESS
Date of
Publication/Volume
and Issue
2013
Author/s Names
Pop Zenovia Cristiana, Borza Anca
Purpose:
The purpose of the paper is to explain theoretical changes in strategic
management planning, which includes advantage and disadvantage of
the same. Theoretical importance of implementing change in strategic
management is also discussed as a part of the evolution process in
business strategies.
Theory:
The evolution of strategic management as a part of business ideas is
dividend from the changes in the theories. The following stages of the
strategic management that can be implemented in each stage of
business is also described in the paper. The main stages of strategic
management also involve evaluation of the strategic management
process that can help to deal with the issue of poor management.
Methodology:
Methodology of the given paper is done by secondary analysis, where
information is collected from the history of evolution of strategic

6BUSINESS STRATEGY
management plans.
Data Analysis The analysis is done in the form of thematic that compares the changes
in strategic management practices, in the context of dealing with the
issues of with changes in the external business environment. Proper
graph is used in order to analyze the changes in the strategic business
environment.
Findings and
Conclusion
The paper concluded mentioning about the importance of
communication strategies, which is an essential element of change in
business strategic plan. Summing up to systemization is another
essential in implementing important business strategy. The
disadvantage of change in strategic management can be calculated by
increased expense of business.
How did the article
contribute to the
theories and concepts
of Business Strategy?
The paper has contributed by suggesting about important business
strategies, which can help in the process of dealing with the challenges
of change in the business environment. It has how to implement and
the economic strategies that can have significant impact on the
changes in the business environment.

7BUSINESS STRATEGY
Title of the Article
4
Culture driven governance: Why influencing behavior is an
essential governance strategy
Date of
Publication/Volume
and Issue
June 2017
Author/s Names
Karen Gately and Ryan Gately
Purpose:
The paper discuses about the importance of implementing cultural
diversity as a part of the workplace management. It also mentions
about the importance of team working capability that are needed to
overcome the challenges of lower employee motivation
Theory:
The theory of standard behavior in workplace has been described in
the article that helps to deal with the skill of professional practice. This
helps in the purpose of dealing with most of the important matters
related to team working ability of an individual at the workplace.
Methodology:
The given article is a feature report. Hence, it has used the methods of
finding information from the secondary sources that includes all
related research articles.
Data Analysis There is no such data analysis method in the given report paper as it
only used ideas that that are relevant to the given subject.
Findings and
Conclusion
It is important to maintain higher levels of clarity with the members of
an organization. This can be implemented by generating higher levels

8BUSINESS STRATEGY
of awareness by providing the employee with proper and correct
information that are needed for development of the society. The
employer also needs to have proper connection with every group of
workers. With the help of proper connection, it is possible to generate
higher levels of employee motivation at the workplace.
How did the article
contribute to the
theories and concepts
of Business Strategy?
The article has been able to highlight on the importance of maintaining
clarity as a part of the workplace motivation rule. As the employer of
an organization attempts to empower the workers, it is possible to
achieve higher levels of workplace productivity. It is also important
that higher levels of trust are developed at the workplace. This can
help in the process of making effective human resource strategy at the
workplace thereby overcoming the challenges of low employee
motivation. New and innovative forms of workplace potential are
generated as the workers are able to take extra initiative for improving
the potential at the workplace.

9BUSINESS STRATEGY
Title of the Article
5
ORGANIZATIONAL CULTURE AND STRATEGY. HOW DOES
IT WORK? AN EMPIRICAL RESEARCH
Date of
Publication/Volume
and Issue
July 2013
Author/s Names
Vele Cristian
Purpose:
The purpose of the article is to generate the potential as a part of the
organizational strategy that is needed to overcome the issues of
diverse organizational culture. The importance of the same in
generating higher levels of workplace potential is also mentioned in
the article that can help in improving the levels of business strategy.
Theory:
The theory of shared values as a part of organizational culture is
discussed in the article. This theory is used as a part of the
organizational strategy to improve the workplace motivation levels
and help them to deal with the issues of low levels of organizational
performance.
Methodology:
The paper has used the methods of empirical research, where data
from the primary source has been collected. Valid questionnaires have
been developed to collect the data in the forms of survey that has been
conducted in eight companies, which has diverse forms of

10BUSINESS STRATEGY
organizational culture.
Data Analysis The data has been analyzed using the techniques of co-relation
coefficient between the parameters of organizational culture and
strategy.
Findings and
Conclusion
The findings of the article suggest that it is important for every
business organization to maintain higher levels of organizational
culture. This is needed for the purpose of gaining higher levels of
competitive advantage. This is also important in implementing success
as a part of the organizational strategy. It is therefore important to
maintain dynamic organizational culture as a part of the business
strategy of longer sustainability.
How did the article
contribute to the
theories and concepts
of Business Strategy?
With the help of the findings of the article, it is possible to improve the
levels of business sustainability. It can also help in the process of
improving the mode of business communication. it will therefore be
possible to improve the levels of business strategy by enhancing the
forms of business communication and improving the same for better
levels of business sustainability.

11BUSINESS STRATEGY
Reference
Cristiana, P.Z. and Anca, B., 2013. New perspectives on strategic management process. THE
ANNALS OF THE UNIVERSITY OF ORADEA, p.1573.
Cristian-Liviu, V., 2013. Organizational culture and strategy: How does it work? An empirical
research. Annals of the University of Oradea, Economic Science Series, 22(1), pp.1690-1696.
Fan, D., Zhang, M.M. and Zhu, C.J., 2013. International human resource management strategies
of Chinese multinationals operating abroad. Asia Pacific Business Review, 19(4), pp.526-541.
Gately, K., 2017. Governance in practice: Culture driven governance: Why influencing
behaviour is an essential governance strategy. Governance Directions, 69(5), p.271.
Miller, N.J., McLeod, H. and Young Ob, K., 2001. Managing family businesses in small
communities. Journal of Small Business Management, 39(1), pp.73-87.