The Strategic States Model: strategies for business growth

The “Strategic States Model”: strategies for business growth

Pehrsson Anders Business Strategy Series, Vol. 8 No. 1, 2007, Start page: 58, No. of pages: 6

Purpose – The purpose is to show that it is necessary for a company to choose a business strategy that relies on a thorough understanding of the company setting. Design/methodology/approach – The Strategic States Model is presented and illustrated by the Ericsson case. Advices on application of the model are presented. Findings – The case shows that a search for an optimum business strategy means competitiveness. Practical implications –In applying the Strategic States Model, management would be advised to formulate business strategy step-by-step. Originality/value – The article turns theoretical research into advices that are valuable for companies when they choose business strategies. The case shows that practical company situations can be generalized in accordance with strategy models.ISSN: 1751-5637

Keywords: Business development, Business performance, Contingency planning, Corporate strategy, Optimization techniques