Strategic management in islamic perspective

The Arabic word ''Rizq' means whatever is of beneficial use. Organizational Justice Chapter 8: Porter described an industry as having multiple segments that can be targeted by a firm.

The first group is normative.

Foundations of Strategic Management from an Islamic Perspective

A strategy based primarily on diversification through acquisition. A company can always improve its cost structure; Competitors have varying cost positions based on their experience; Firms could achieve lower costs through higher market share, attaining a competitive advantage; and An increased focus on empirical analysis of costs and processes, a concept which author Kiechel refers to as "Greater Taylorism ".

Secondly, the word 'Rizq' is not the same as 'Kasb The meaning of the Strategic management in islamic perspective refers to what one earns, while in the terms former, the meaning refers to what one uses or spends.

Comprehensiveness of Islam and the Shariah Conventional management Organizational control has to operate in a way designed to align human objectives with the organizational objectives. Cascading of Objectives Implication s The locus of control is internal.

From a management point of view and with an objective to produce dynamic Muslim leaders, a book written by Hisham AlTalib This framework helped companies decide where to invest their resources i. Please review the types of cookies we use below.

To learn more about cookies, please see our cookie policy. Without these cookies, we can't provide services to you.

Strategic Management from an Islamic Perspective

He addressed fundamental strategic questions in a book The Practice of Management writing: It is simply a neutral description of a state of affairs, but the verb, 'Najaha', on the other hand does not imply continuity. This is most consistent with strategic planning approaches and may have a long planning horizon.

This book takes those traditional theories and interprets them from an Islamic perspective using more international case studies. The corporate office acquires then actively intervenes in a business where it detects potential, often by replacing management and implementing a new business strategy.

Where the realized pattern was different from the intent, he referred to the strategy as emergent; Strategy as position — locating brands, products, or companies within the market, based on the conceptual framework of consumers or other stakeholders; a strategy determined primarily by factors outside the firm; Strategy as ploy — a specific maneuver intended to outwit a competitor; and Strategy as perspective — executing strategy based on a "theory of the business" or natural extension of the mindset or ideological perspective of the organization.

This supported the argument for achieving higher market share and economies of scale. In other words, strategic planning happens around the strategic thinking or strategy making activity. Prahalad and Gary Hamel suggested that companies should build portfolios of businesses around shared technical or operating competencies, and should develop structures and processes to enhance their core competencies.

This is an out of stock title.

Strategic management

To learn more about how we use and protect your data, please see our privacy policy. Rather they must strive for Falah through Rizq procurement as their vision of management from an Islamic perspective. They alert us when OverDrive services are not working as expected.

Strategic Management from an Islamic Perspective: Text and Cases by Khaliq Ahmad, Rodrigue Fontaine

Further, the experience curve provided a basis for the retail sale of business ideas, helping drive the management consulting industry.

How can the firm generate more value for investors? Each person is responsible and accountable for his actions. While the book offers a genuine view of Islamic perspectives on strategic management, it does not ignore the current developments in strategy formulation and execution.Fascinating insights into modern strategic management from an Islamic perspective.

While strategic management is a cornerstone of any MBA program, it's almost always taught from conventional theories and typically American case calgaryrefugeehealth.com: Rodrigue Fontaine, Khaliq Ahmad.

Fascinating insights into modern strategic management from an Islamic perspective While strategic management is a cornerstone of any MBA program, it's almost always taught from conventional theories and typically American case studies. While strategic management is a cornerstone of any MBA or business program, it's almost always taught from conventional theories and typically American case studies.

Employees controlled through organizational systems to ensure responsibility and accountability Islamic perspectives to SM/ Azhar Kazmi/ SLIDE PRESENTATION ON Strategic management from Islamic perspective Prof.

Dr. Azhar Kazmi Department of Business Administration International Islamic University Malaysia THE ISLAMIC APPROACH TO. Fascinating insights into modern strategic management from an Islamic perspective. While strategic management is a cornerstone of any MBA program, it's almost always taught from conventional theories and typically American case studies.

Join Kobo & start eReading today

Fascinating insights into modern strategic management from an Islamic perspectiveWhile strategic management is a cornerstone of any MBA program, it's almost always taught from conventional theories and typically American case studies. This book takes those traditional theories and interprets them 5/5(2).

Download
Strategic management in islamic perspective
Rated 3/5 based on 78 review