Strategic Management For The Fast Growing Organizations In It Industry Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

Strategic Management For The Fast Growing Organizations In It Industry Case Solution

(Preisendörfer, 2016), also studied the role which strategic management play in the fastest growing firms. The study was conducted over a sample of 56 start-ups from 1291 startups of the Munich Founder study. The dependent variable of the study was based on the rapid growth (in sales, number of employees and 4 years survival) and the independent variables included 4 categories among variables, including the founder characteristics and the strategies used by the businesses. The study concluded that the high growth firms are composed of larger teams and their founders have great innovation experience. Theses firm follow innovation based strategy, which makes them different from other organizations.

(Barkhi, 2009) measured the impact of the role of strategic management over the information technology of the hotel industry. The study found that it has become essential for the hotel industry to bring IT applications for their daily operational problems. In order to manage their operations through IT; the hoteliers need to have a strategy as a key element for their high quality services and greater profit levels.

(Raquel, 2006) measured the competitive advantage of the information technology under the role of strategic management. The study concluded that the strategic management of information technology refers to a continuous evaluation process, which needs to be changed and aligned according to the competitive environment as well as the competitive strategies.

Research Methodology

In order to the study the role of the strategic management; a qualitative study has been conducted using the secondary data sources. A sample of 50 firms has been selected to measure the role of strategic management in the fastest growing firms within the IT industry. The secondary data sources included the interviews taken from the senior management and the managements’ discussion reports available in the financial statements of the companies.

Contribution to Literature

The study contributes significantly to the literature by providing a reference material for the researchers, academicians and the information technology firms. For the researchers; it provides an opportunity to work on the research gaps and devise out an extended study based on the role of the strategic managemnet in the fast growing firms operating in the IT industry. For academicians; it will enable the professors to teach the practical implications and the role of strategic management in the fast growing companies that operate in the IT industry. Lastly, it will enable the companies to identify that how do the strategic management decisions affect their business operations and what should be done to devise out potential strategies for the companies’ long term growth aspects.

Research Limitations

The study is conducted with limited time and resources, as the sample only includes 50 fast growing firms in the IT industry. It includes the management discussion analysis reports and the interviews taken from the companies’ senior managements. The research could be extended to a larger sample by studying other aspects of the organizations in studying the role of strategic management in the IT industry’s fast growing firms.

Conclusion

The strategic management helps the businesses in having growth by resolving their complex issues. The strategic management processes are employed to ensure the efficiency and effectiveness in the business operations. (GISMA Business School, 2019) IT industry is subjected to different variations over the time, which is because of the shifting trends and change in consumption patterns with the passage of time, which makes the technology obsolete within a shorter span of time. The study has been conducted to analyze the role that strategic management plays in firms with such variations. After a detailed secondary data analysis with an inclusion of the senior management’s interviews; it has been concluded that strategic management is very important for the promising future of the IT firms. These IT firms have the potential to have a better growth and flourish because these growing firms come up with large strategic measures, which include: mergers, acquisitions and implementation of the new product lines or projects, in order to survive in such a divergent industrial environment............................

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Strategic Management For The Fast Growing Organizations In It Industry Harvard Case Solution & Analysis