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Thus the domain of operation may be different but the generic processes engaged in are similar and therefore transferable along with the requisite skills profile. com 45 Studying Strategy Strategic Management: Models And Ideas So far some of the models that tell us where we are and some of the models that might tell us what to do or can do have been outlined. A model that could be discussed here is forecasting (or foresight). There are many models that could be employed see Argenti (1968:70–118) for a seminal work on forecasting and the potential errors in applying forecasting models.

This model (notwithstanding the criticisms above) would be useful in helping the managers of the company to run it successfully. It might be useful at this point to consider what models are, why we use them, when they become paradigms. We can then look at some of the more popular strategic models. A model can be defined as an ‘intellectual construct designed to simplify a complex reality’ and a paradigm can be defined as a ‘socialised model’. Whilst definitions are useful the following scenario may clarify the practical implications.

This reducing (reductionist) technique is common in management science and is used in project planning and forecasting when numbers are attached to each step of the processes. The second approach is to use a simplifying model superimposed on the reality that allows certain things to be said about the situations. e. more than guesses. ’ of the organisation relates to the outer system of economic, social, political, competitive and industrial sector dynamics as well as the internal context of cultural, structural and political processes.

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