Paths to long-term performance and strategic planning
- Authors
- Shin, S.Y.
- Issue Date
- May-2019
- Publisher
- Wiley-Blackwell Publishing Asia
- Citation
- Strategic Change, v.28, no.3, pp.203 - 208
- Journal Title
- Strategic Change
- Volume
- 28
- Number
- 3
- Start Page
- 203
- End Page
- 208
- URI
- http://scholarworks.bwise.kr/ssu/handle/2018.sw.ssu/39042
- DOI
- 10.1002/jsc.2259
- ISSN
- 1099-1697
- Abstract
- A firm may ensure sustainability by pursuing long-term performance through one of the three possible paths: adoption of long-term perspectives within the existing business, extension into a new business and adoption of long-term perspectives, and jump into the long-term new business. Considering temporal dimension and business dimension, a firm pursues four types of performance: maintenance, sustainable growth, diversification, and transformation. Explorative strategic planning as well as exploitative one is required for a firm to successfully manage a balanced pursuit between long-term performance and short-term one. © 2019 John Wiley & Sons, Ltd.
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Collections - College of Business Administration > Department of Entrepreneurship & Small Business > 1. Journal Articles
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