Tools for Strategy
A Starter Kit for Academics and Practitioners

This Element elaborates on the promise and perils of commonly used and less well-known strategy tools to implement strategic management.

Henri Hakala (Author), Tero Vuorinen (Author)

9781108793193, Cambridge University Press

Paperback / softback, published 24 September 2020

75 pages
22.9 x 15.2 x 0.3 cm, 0.1 kg

This Element discusses the concept and applications of strategy tools. Strategy tools are frameworks, techniques, and methods that help individuals and organizations to create their strategies. After a brief overview of different ideas on strategy and strategic thinking, we move on to define and discuss what strategy tools are and elaborate on the promise and perils of using them to implement strategic management. We review the most commonly used, classic tools and techniques, but also less well-known tools of the strategy trade, as proposed by scholars writing in the leading strategy journals. We conclude by offering suggestions on how to improve strategic design and the effectiveness of the resultant strategy through the selective use of the most appropriate tools. Overall, this Element provides a quick overview of the tools that are available to those tasked with creating organizational strategies and making strategic decisions.

1. About the Book
2. Strategy as a Tool for Strategic Management?
3. What are Strategy Tools and Techniques?
4. The Promise and Perils of Strategy Tools
5. Common Strategy Tools
6. Less Well-known Strategy Tools
7. Using the Strategy Tools
8. Use Strategy Tools Responsibly.

Subject Areas: Management decision making [KJMD], Business strategy [KJC], Business studies: general [KJB], Business & management [KJ]