The Nature Of The Business Strategy: Co-evolution Under The Dynamic Match

This study is to investigate the nature (or the essence) of strategic management.The issue is fundamentally relevant to the research and practice of strategy. Thereason why to put forward this issue is owing to the faintish interaction between thetheory and the practice. How to make the theory be more effective and scientific?How to make the transformation efficiently? This study upon the nature of strategicmanagement helps to advance the research and guide the manager, and then make agood interaction between theory and practice. What dose it mean when we refer to the conception of the nature of strategicmanagement? It can be well understood with the help of its corresponding concept, iethe phenomena of strategic management. The phenomena of strategic managementrefer to types of specific strategy and its activity, such as business strategy of the threedifferent levels strategy, the three generic strategies. It also includes the process ofstrategic management, which is composed of the making and implementation ofstrategy. The nature of strategic management is the inner side of the phenomena ofstrategic management, and the dynamics that drives the phenomena change ever. Thenthe nature of strategic management can be defined as the driver that is stable andunchanging behind the phenomena of strategic management. The statement that the nature of strategic management is dynamic fitness throughco-evolution is a basic proposition of this study and a deduced hypothesis. It impliesthat the essence of strategy is to make every factor inside and outside the firm being ina process of co-evolution in order to fit each other dynamically. At any given moment a field of inquiry's frontier can be defined by e set offundamental issues or questions. The field of strategic management is no different.Fundamental questions are not necessarily the most often stated or the mostfashionable; nevertheless, they serve to highlight the issues and presumptions thatdifferentiate a field of inquiry, making its axioms, its methods, and the phenomena itstudies different from those of other related fields, making some key questions itstudies be explicit. The issue of this thesis can now be seen as the fundamentalquestion of the field of strategic inquiry in this period. The research upon this issuewill not only make the logic of the strategic theory more consistent, but also give riseto high efficiency in strategic research. The following are the innovations of this thesis. Firstly, there are innovations of conclusion. 61) It put forward two levels object of inquiry and five implicit assumptions ofstrategic research and strategic management; 2) It put forward a wholly new framework of strategic theory resulting fromintegration of existing strategic theories with the help logic of space and time. Thisframework includes most of the things that should be considered in the process of thegrowth of the firm and can meet with the need of practitioner. 3 A framework composed of seven factors. These are key factors that work onthe phenomena of strategy. 4) There are Micro and Macro levels of operation mechanism, and horizontal andlongitudinal operation mechanism. 5) Validating the theory of this thesis through the depth case study upon XiangCaiSecurities Corporation. The conclusion is in accord with our theoretical constructionof the nature of strategic management. Secondly, there are innovations upon perspective. 1) There are four perspectives that approach the same question as the nature ofstrategic management. They are fundamental issues of strategic management, thenature of the firm, the process of the development of the American firm in the last 150years, and the content of the theory of strategic management and of strategic management. 2) Macro-history of the American firm in the last 150 years. Thirdly, it is...