Academic journal article Academy of Strategic Management Journal

Impact of Strategic Management Practices on Organizational Entrepreneurship: Mediating Effect of Strategic Intelligence

Academic journal article Academy of Strategic Management Journal

Impact of Strategic Management Practices on Organizational Entrepreneurship: Mediating Effect of Strategic Intelligence

Article excerpt

INTRODUCTION

Today, universities try to survive and remain in a very competitive environment, so they are forced to look for tools, systems, models, processes; that allow making better decisions and raising the performance and promoting entrepreneurship. All these require universities to play an important role in achieving its academic goals and to take care of academic classification and ranking among the universities of the world and promote entrepreneurship (Patzelt & Shepherd, 2009). Entrepreneurship has become one of the most important issues of wide international interest due to the role it plays in economic and social development (Noe et al., 2017), in addition to its role in involving many social groups in economic activity (Kraakman & Hansmann, 2017). The decision undertaken by the leadership is always laid within the limits of the organization as per the strategies initial formulated. The effects of the strategic management practices on entrepreneurship stem from the original core values and mission of the organization. As the society changes and the dynamic nature of business world keep changing, the strategic reformulation is always undertaken regularly in response to any changes in the industry (Hitt & Duane, 2017). Strategic intelligence constitutes the provision of information and for strategic formulation. In the formulation of strategies, the goal of the organization is always to promote new innovative aspects, sustain the growth and possibly take the organization to a high notch in matters entrepreneurship in all sectors which need a successful management (Ansoff et al., 2019).

In the academic field management is increasingly becoming one of the most critical elements of human practice in many countries around the world, including Iraq. The practice is significant due to its direct social, economic, and political impact on the quality of Iraqi society (Blackburn, 2012). Consequently, investment in a good higher education plan is significant for the evolution of future societies and generations and requires extraordinary effort from management in the planning as well as execution phases for the planned education (Nauffal & Nasser, 2012). In this regard, the conceptual idea of strategic management practices plays a key role in the development of the Iraqi educational process, and many researchers have explored it as a critical tool that prepares universities to respond to future scenarios and educational needs. Achieving organizational communication in university education requires reliance on advanced techniques, mechanisms, and strategies, including strategic intelligence, which used by entrepreneurs as a tool that helps in strategic planning, decision-making, and evaluation. The main problem of this study is identifying the impact of strategic management in organizational entrepreneurship with the mediation role of strategic intelligence.

Accordingly, this research aims to answer the question of investigation: what is the impact of strategic management on organizational entrepreneurship with the mediation role of strategic intelligence.

LITERATURE REVIEW

Strategic Management Practices

Strategic management is considered as one of the major tools of success in an enterprise. It is the systematic maintenance and structuring of success potentials in the enterprise. Strategic management aligns external factors and the internal factors that affect an enterprise. The internal factors bring the strengths and weaknesses in an enterprise while the external factors bring opportunities and threats in the enterprise (Hitt & Duane, 2017). Strategic management incudes environment scanning, strategy formulation, strategy implementation, and strategy evaluation (Ramadan & Borgonovi, 2016).

Environmental scanning is the act of surveying and interpreting relevant data in a bid to explore both internal and external opportunities as well as external threats in a business venture (Smeltzer et al. …

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