It is concluded that information technology application is a vital tool for a successful organization and it is often heavily depended upon as the determinant of success in business. Secondly, it shows that organizational learning had no significant relationship with competitive advantage except information technology application, knowledge creation, and intellectual capital asset. The findings indicated that information technology application had the highest positive effect on competitive advantage. A cross sectional survey that consist of drawing a sample of elements from the population of interest was adopted, and the statistical tool used comprised frequency, correlation as well as regression analysis. The study made use of a sample of214 staff from Banks and telecommunications operators in the Lagos State, Nigeria.
The general purpose of this research is to examine the effect of knowledge management practices on competitive advantage in selected organizations in Nigeria. Knowledge management is the comprehensive means of organizing, transferring, locating and utilizing the information and proficiency in an organization. The main concern of an organization is the need to encapsulate strategies for the transformation of the implicit knowledge to overt knowledge so as to derive greater benefit from the organization's intellectual capital. University international leaders need to create a good understanding of where it adds value to be global and where it is better to be local developing the right mindset and skillset required to succeed in this complex international environment. The Glocal concept fits the strategy of a University of Applied Sciences as Arnhem Business School, the Netherlands, to stay globally relevant but also keep its local identity. By conducting targeted expert interviews, the author takes into account in his model the Leader Personal Dynamics (Attitude, Behavior, Competencies, Skills, Knowledge) and Glocal University Dynamics where International University Leaders operate. This paper is positioned as a design research paper on the concept of University International Leadership. Looking into the importance and relevance of leaders in international higher education institutions, the author starts his journey by reviewing literature on global, effective and successful leadership to anchor his own understanding of international leadership. Keywords: strategy formulation strategy formulation process financial performance SMEs The study proposes suggestions for future research.
It is necessary to inculcate the necessary culture, which supports effective Suggests that SMEs should make strategy formulation a priority, a key ingredient to the success SMEs is commendable, governments should prioritise the provision of management andĮntrepreneurial training for SMEs to foster the adoption of strategy formulation. The results revealed that strategy formulation significantly influencesīoth short-term and long-term perceived financial performance of SMEs in Zimbabwe.Ĭonclusion: The study has implications at a practical and managerial level. The five strategy formulation activities as put forward by the theory are found Results: The study established that strategy formulation is somewhat prevalent amongst SMEs
Data were analysed using both descriptive and inferential statistics.
Stratified random sampling was employed toĭraw 368 questionnaire respondents from the five manufacturing classes that emerged from Methods: The study took a case study design in which the researcher collected data from Setting: Primary research was conducted in Harare, the capital city of Zimbabwe. Their implications for the perceived financial performance of these firms, especially in theĪim: This study was aimed at establishing the impact of strategy formulation on the perceivedįinancial performance of SMEs in Zimbabwe. However, little research has been conducted on the strategy formulation practices of SMEs and Medium enterprises (SMEs) has attracted much attention amongst researchers worldwide. Would you like to receive periodic updates on new releases from Hal Leonard? If so, check any of the categories from the list below before hitting "Create Library." Please note we never sell our lists to outside parties.Background: The role of strategy formulation in enhancing the performance of small and
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