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This Element maintains that increasing strategic effectiveness involves paying greater attention to the idiosyncratic capabilities and know-how already accumulated in an organization's shared practices and the modus operandi contained therein. An organization's modus operandi describes the practiced patterned regularities that enables it to achieve a consistency of response in strategic circumstances even in the absence of any clear, formalized strategic plan. This patterned regularity known as Strategy-in-Practices (SiP) draws attention to the tacit influence of an organization's shared practices on its formal strategy-making efforts. It emphasizes the need for both these to be aligned so that the organization is better prepared to cope with the challenges and opportunities it faces.
1. Introduction; 2. The creative response: the theoretical framework; 3. The innovation function; 4. The knowledge generation function; 5. The technology production function; 6. The knowledge intensive direction of technological change; 7. The performance equation; 8. Conclusions: Schumpeterian loops; References.
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