Strategic Management
IT Strategy

Evolution of Strategic Management from the 1950’s to the modern day

Strategic Management in the 1950’s started with business case studies and the works and theories of Druker, Selznick, Chandler, and Ansof (and others). Industrial economics and industrial organisation provided the basis to develop strategic management theories in the 1950’s. Economic theory based on Industrial-Organizational Approach dealt with issues like the competitive rivalry, resource allocation, and economies of scale and concerned…

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