Review Article

Conceptual Framework for the Strategic Management: A Literature Review—Descriptive

Table 7

Classification of investigations—strategy formulation area.

Organizational characteristicsTypology of strategies
GenericIntensiveDiversificationIntegration

(i) Strict cost control
(ii) Frequent and detailed control reports
(iii) Structured organization/responsibility
(iv) Incentives based on the fulfilment of strict quantitative objectives
[136, 158][124, 147, 157][135, 148, 150][139, 140, 142144, 153, 154, 156, 160, 166]

(i) Strong coordination between R&D functions, product development, and marketing
(ii) Subjective measurement and incentives instead of quantitative measures
(iii) Compensation to attract skilled labor, scientists, or creative people
(iv) Ability to make external help to complement skills, knowledge, and abilities
[126, 127, 131, 133, 164, 167][129, 130][145, 149][137, 146, 152, 163]

Note: generic: set of actions to achieve strategic objectives; response of the organization to its environment. Intensive: improvements in the competitive position in relation to existing products (market penetration, product development and market development). Diversification: they represent a growth in economic activity by participating in new or similar businesses (concentric diversification, horizontal diversification, and conglomerates diversification). Integration: reduce threats and seize opportunities from external environments; increase negotiation power with suppliers, distributors, and competitors (vertical, horizontal integration and contractual coordination).