چکیده:
The goal of the management process is to assist in management for value creation in business, in a way that provides the necessary conditions for stakeholder satisfaction. On the other hand, the strategic planning process has been used extensively as one of the pivotal techniques in the management process across all economic sectors and is considered vital for the sustainability and growth of organizations. This growth and sustainability enables organizations to cope with changing environments—a prominent feature of the modern business environment where change is accelerating and pervasive, which organizations are striving to control—even when the strategic framework remains unstructured and unplanned, operating in an irregular and non-repetitive manner. Financial institutions, like other organizations and especially due to characteristics such as making future decisions and risk combined with their type of activity, must effectively utilize the strategic management process for survival and growth to create maximum value. This article intends to define the strategic management process for financial institutions, and especially investment companies, by providing an appropriate framework and model within a new value-based paradigm and relying on the concepts of value creation, and to outline its executive steps.
خلاصه ماشینی:
Financial institutions, like other organizations and especially due to characteristics such as making future decisions and risk combined with their type of activity, must effectively utilize the strategic management process for survival and growth to create maximum value.
This article intends to define the strategic management process for financial institutions, and especially investment companies, by providing a suitable framework and model within a new value-based paradigm and by relying on value creation concepts, and to outline its executive steps.
2- Scientific Foundations of the Research 130 Portfolio Engineering and Management Journal/ Issue Four / Autumn 2010 1-2- The relationship between risk management strategy in business and value creation Economic prosperity, along with the expansion of financial markets, led investors to develop different strategies for other investment activities in order to reduce capital risk while enjoying the income generated from investment.
( Collis & Montgomery: 1998, 2) Business competitive advantages Organization suitability Control coordination 138 Portfolio Engineering and Management Journal/ Issue Four / Autumn 2010 The best corporate strategies, in the first step, originate from the strengths related to each of the three sides of the triangle.
( Goold & Campbell: 2002, ( 445 4- Modeling the research topic and its practical expansion: 1-4- Strategy formulation model with a value creation approach in financial institutions 142 Portfolio Engineering and Management Journal/ Issue Four / Autumn 2010 / The above model well explains the main principles governing the present article.