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Strategic Management Practices and Strategic Plans
Strategic Management Practices and Strategic Plans
Journal Article

Strategic Management Practices and Strategic Plans

2025
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Overview
As a continuous process, strategic management addresses the entrepreneurial dimension of organizations, organizational renewal and progress, and, in particular, developing and implementing strategies to create competitive advantages. This includes tracking and improving current programs and operations to ensure the strategic plan is on track. The outcomes of the nature and practice of the strategic management process are presented for a sample of 314 enterprises in Kosovo. The findings show that only 10.2% of Kosovan enterprises apply strategic management as a whole process, whereas 31.2% have five-yearstrategic plans. The results of the research showed that there is a significant relationship between the strategic management process and strategic tools. However, there is no significant relationship between strategic plans and strategic tools. We contribute theoretically by distinguishing written plans from active process engagement and by showing that process engagement, rather than mere plan possession, better predicts tool adoption in a transitional economy. This studythus provides important insights for those policymakers, practitioners, and academics looking to improve strategic management processes in similar environments. Strateški se menadžment kontinuirano bavi poduzetničkom dimenzijom organizacija, organizacijskom obnovom i napretkom, a posebno razvojem i provedbom strategija za stvaranje konkurentskih prednosti. To uključuje praćenje i poboljšanje trenutnih programa i operacija kako bi se osigurao ispravan put strateškog plana. Rezultati o prirodi i praksi procesa strateškog upravljanja prikazani su na uzorku od 314 poduzeća na Kosovu. Nalazi ukazuju na činjenicu da samo 10,2% kosovskih poduzeća primjenjuje strateško upravljanje kao cjeloviti proces, dok 31,2% ima petogodišnje strateške planove. Rezultati istraživanja pokazali su da postoji značajna veza između procesa strateškog upravljanja i strateških alata. Međutim, ne postoji značajna veza između strateških planova i strateških alata. Naš teoretski doprinos je u razlikovanju pisanih planova od aktivnog sudjelovanja u procesima, dokazujući da aktivno sudjelovanje u procesima, a ne samo posjedovanje plana, bolje predviđa prihvaćanje alata u tranzicijskom gospodarstvu. Stoga,ova studija pruža važne uvide kreatorima politika, praktičarima i akademicima koji su usmjereni na poboljšanje procesa strateškog upravljanja u sličnim okruženjima.