Downloads: 1 | Views: 7 | Weekly Hits: ⮙1 | Monthly Hits: ⮙1
Research Paper | Business Administration | India | Volume 13 Issue 8, August 2024 | Popularity: 3.3 / 10
Strategic Management Guidelines for Entrepreneurs
Dheeraj Chilamakuri
Abstract: Entrepreneurs face numerous challenges in the post-pandemic era, requiring adaptive and innovative strategic management approaches to sustain and grow their businesses. This study explores the application of strategic management principles tailored for entrepreneurial ventures, emphasizing agility, resilience, and innovation. Using a qualitative research approach, the study reviews existing literature on strategic management in entrepreneurship and examines the applicability of the dynamic capabilities? theory. Findings suggest successful entrepreneurs leverage strategic adaptability, opportunity sensing, and resource reconfiguration to maintain a competitive edge. Additionally, the study highlights the importance of digital transformation, risk mitigation, and stakeholder engagement in ensuring business sustainability. The insights provided offer a framework for entrepreneurs to develop effective strategies that enhance resilience and long-term success in uncertain market conditions.
Keywords: Strategic Management for Entrepreneurs, Entrepreneurial Resilience, Dynamic Capabilities Theory, Post-Pandemic Business Strategies, Innovation and Competitive Advantage, Risk Mitigation in Entrepreneurship, Agility, and business Adaptation, Digital Transformation in Startups, Sustainable Growth Strategies, and Stakeholder Engagement in Business
Edition: Volume 13 Issue 8, August 2024
Pages: 1876 - 1881
DOI: https://www.doi.org/10.21275/SR240815093256
Make Sure to Disable the Pop-Up Blocker of Web Browser