Business Strategy Formulation By Shareholders and Company Management using The Analytical Network Process (ANP)
DOI:
https://doi.org/10.21512/bbr.v7i3.1494Keywords:
business strategy, strategy formulation, shareholders, company management, Analytical Network Process, ANPAbstract
This research aimed to identify the business strategy formulation by the shareholders and the management of the company. Ten companies were selected to be the objects of this research. Those companies were the information technology, telecommunication, printing, mining, construction and chemical companies in Indonesia. The research was conducted by using the Analytical Network Process (ANP) and considering the chosen respondents as the decision makers (experts) of those companies. The respondents were chosen by using the non-probabilitty sampling method. The result shows that the roles of the company managements are considered m ore influental (0,57143) than the roles of the shareholders (0,28571). From the output of stakeholder’s condition, the best-stratified priority strategies are differentiation (0,600515), cost of leadership (0,230754) and focus (0,168731).
Plum Analytics
References
Azis, I. J. (2003, November). Analytic Network Process with feedback influence: A new approach to impact study. In Paper for Seminar Organized by Department of Urban and Regional Planning, University of Illinois at Urbana-Campaign.
Bai, G. (2013). How do board size and occupational background of directors influence social performance in for-profit and non-profit organizations? Evidence from California hospitals. Journal of Business Ethics, 118(1), 171-187. doi: 10.1007/s10551-012-1578-x
David, F. R. (2011). Strategic management - Concepts and cases. New York: Prentice Hall.
Edelman, L. F., Brush, C. G., Manolova, T. S., & Greene, P. G. (2010). Minority nascent entrepreneurs. Journal of Small Business Management, 48(2), 174–196. doi: 10.1111/j.1540-627X.2010.00291.x
Kaplan, R. S., & Norton, D. P. (1996). The balanced scorecard: Translating strategy into action.Massachusetts: Harvard Business School Press.
Millet-reyes, B., & Zhao, R. (2010). A comparison between one-tier and two-tier board structures in France. Journal of International Financial Management & Accounting, 21(3), 279-310
Nickols, F. (2000). Strategy is... alot of things. Distance Consulting, 297-311.
Ntim, C. G., Opong, K. K., & Danbolt, J. (2012). The relative value relevance of shareholder versus stakeholder corporate governance disclosure policy reforms in South Africa. Corporate Governance, 20(1), 84–105. doi: 10.1111/j.1467-8683.2011.00891.x
Porter, M. E. (1990). New global strategies for competitive advantage. Planning Review, 18(3), 4-14. doi: 10.1108/eb054287
Price, R., Roman, F. J., & Rountree, B. (2011). The impact of governance reform on performance and transparency. Journal of Financial Economics, 99(1), 76–96. doi: 10.1016/j.jfineco.2010.08.005
Saaty, T. L. (2003). Decision-making with the AHP: Why is the principal eigenvector necessary. European Journal of Operational Research, 145(1), 85–91. doi: 10.1016/S0377-2217(02)00227-8
Saaty, T. L. (2008). Decision making with the analytic hierarchy process. International Journal of Services Sciences, 1(1), 83. doi: 10.1504/IJSSCI.2008.017590
Siregar, S. V., & Bachtiar, Y. (2010). Corporate social reporting: Empirical evidence from Indonesia stock exchange. International Journal of Islamic and Middle Eastern Finance and Management, 3(3), 241–252. doi: 10.1108/17538391011072435
Wheelen, T., & Hunger, D. (2011). Strategic management and business policy - toward global sustainability. New York: Prentice Hall
Downloads
Published
Issue
Section
License
Authors who publish with this journal agree to the following terms:
a. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License - Share Alike that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
b. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
c. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.
USER RIGHTS
All articles published Open Access will be immediately and permanently free for everyone to read and download. We are continuously working with our author communities to select the best choice of license options, currently being defined for this journal as follows: Creative Commons Attribution-Share Alike (CC BY-SA)
