A study of strategy making process in the Hong Kong banking sector

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A study of strategy making process in the Hong Kong banking sector

 

Author: Chung, Po-shing
Title: A study of strategy making process in the Hong Kong banking sector
Degree: M.B.A.
Year: 1996
Subject: Strategic planning
Banks and banking -- China -- Hong Kong
Hong Kong Polytechnic University -- Dissertations
Department: Dept. of Management
Pages: vi, 47, [6] leaves ; 30 cm
Language: English
InnoPac Record: http://library.polyu.edu.hk/record=b1240508
URI: http://theses.lib.polyu.edu.hk/handle/200/3880
Abstract: Facing the radical changes in both the regulatory and the deregulatory environment, the banks in Hong Kong demand for efficiency and strategic flexibility to maintain competitiveness. Despite strategic management has been characterized by a dichotomy between 'content' and 'process' issues, most researchers direct their efforts in the content issues, resulting less theory building in the process issues. Based on Hart's integrative framework on strategy making modes, this study attempts to investigate the stratgy making modes of each of the major banking groups, with reference to the relationships with perceptions on competition and environmental factors. Banks are found to adopt multiple strategy making modes, but the particular emphasis is subject to the organizational culture, technical skills and attitudes towards risks etc. The positive relationship between strategic competencies and competitiveness revealed from this study would arouse practitioners' attentions to expand their focus not only on the content of strategy, but also to include the design of process. The key to successful implementation of strategy making process is to enhance commitment and involvement through training and management of staff.

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