Part I - Context: Laying the foundation and the underpinnings of ESM
Published online by Cambridge University Press: 05 June 2012
Summary
Enterprise-wide Strategic Management: Achieving Sustainable Success through Leadership, Strategies, and Value Creation presents a comprehensive, state-of-the-art framework for formulating, implementing, and executing business strategies and leading change in complex and challenging business environments. Enterprise-wide strategic management (ESM) focuses on creating value for everyone engaged in the enterprise and sustaining success over the long term. It is an exciting and inclusive strategic management construct that executives, strategic leaders, and business professionals can use for dealing with the multiplicity of driving forces, requirements, mandates, and expectations in the more complex world of the twenty-first century. As the rate of change in the business environment accelerates, business leaders across the world must become more knowledgeable, innovative, adaptive, and sophisticated. Most importantly, they have to embrace change and take advantage of the ever-present opportunities and challenges.
The extended enterprise and enterprise-wide strategic leadership (ESL) are relatively new management constructs in the vocabulary of contemporary strategic management. The concept of a business enterprise, also called the extended enterprise, includes the internal strategic business unit(s) (SBUs) and their value delivery systems linked with all of the value-added entities of the supply networks, related industries, partners, and all of the relationships with customers, stakeholders, and other constituents in the value networks. The term “extended enterprise” is an accurate reflection of what a business enterprise of today really is. The “extended enterprise” has the same connotation as a concept of a multiple-dimensional enterprise as presented in my book, Product Innovation: Leading Change through Integrated Product Development.
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- Enterprise-Wide Strategic ManagementAchieving Sustainable Success through Leadership, Strategies, and Value Creation, pp. 13 - 15Publisher: Cambridge University PressPrint publication year: 2009