Guidelines on Designing Conceptual Framework for Strategic Management with Application to the Energy Industry

Abstract

The role of strategic management is to handle the day-today needs of the firms with respect to current events of fluctuating markets so that they can effectively reach to their pre-planned, long-term goals. This study aims to explain the steps taken to design a new conceptual framework in the strategic management department of the National Iranian Gas Export Company (NIGEC), as well as the main components of the conceptual framework. It first goes through the logic behind the techniques applied to design this conceptual framework, and then each component is explained as to why it works as part of an integrated conceptual framework. This new framework is part of a change regime in the organisation along with the whole oil industry in Iran aimed at contributing to directing the organisations confronted with rapidly altering environments. The insights of this study shed light on the basics of designing an adjusted conceptual framework for managers and researchers, and all companies faced with constant internal and external challenges and other characteristics of modern organisations.

BUSINESS STRATEGY FORMULATION OF DAYA MINYAK, Ltd

“…According to David and David (201 6 ) as well as Ayoubi, et al (2018) the formulation of a business strategy begins with the formulation of a vision and mission first (if not already available). This is important because according to Slintak and Dvorsky,(20 19 ) the vision and mission guide the preparation, implementation, and evaluation of the company's business strategy.…”

Perancangan Sistem Pengukuran Kinerja Dengan Metode Balanced Scorecard (Studi Kasus Bumd Abc Kota Bogor)

“…Menurut Rangkuti (2016), dengan menggunakan analisis SWOT dan perspektif BSC akan diperoleh keseimbangan secara strategis antara target kinerja keuangan dengan target kinerja pelanggan, kinerja proses bisnis internal dan kinerja pembelajaran dan pertumbuhan. Penggunaan BSC digabungkan dengan analisis SWOT meruapakan alat analisis strategis yang cukup baik menghasilkan kerangka kerja strategi baru sebagai alat bantu manajemen untuk menentukan strategi yang akan dilakukan (Eftimov et al 2016;Ayoubi et al 2018).…”