About the subject
The second Big Six Questions of Strategic Management question addresses concerns such as "how do firms consider their environmental impact while accelerating economic performance" and "to what level can organizations significantly contribute to or be a part of a solution for global issues such as climate change." It explores how public-private partnerships can create social value and how strategy making in general can contribute to tackling grand challenges society is facing.
Related questions
to consider
- Under what conditions do investments in environmental, workforce, and other stakeholder priorities strengthen competitive advantage and long-term firm value?
- How can firms credibly assess the strategic and economic consequences of stakeholder investments, particularly when costs and benefits occur over different time horizons?
- How should firms prioritize among competing stakeholder demands when interests conflict and resources are constrained?
- What governance structures and organizational processes ensure that stated stakeholder commitments are reflected in strategic decisions and resource allocation?
- How can workforce and talent strategies respond to changing expectations and labor markets while strengthening organizational capabilities and competitive performance?
- How should firms navigate stakeholder expectations that differ across political, regulatory, institutional, and societal contexts or change over time?
- Under what conditions can collaboration among firms, governments, and other institutions expand opportunities for value creation while addressing large-scale societal or environmental challenges?
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The big six questions
of strategic management
This is one question in a series, the Big Six Questions of Strategic Management, aimed at bridging the worlds of scholarship and practice. These questions serve as an inspiration to guide the development of actionable insights, frameworks, tools, and resources for the SMS community.