Business Strategy: Managing Uncertainty, Opportunity, and Enterprise

by J.C. Spender

Less considered traditional ways to manipulate consumption and production are to help the local sports team to success (a sure boost to labor productivity), engage with trade associations to promote legislation and industry-related research, create appropriate educational facilities to ensure a good supply of trained labor (as so evident in Germany), take part in the procedures that shape local legislation in land development and ecology—and many similar. All these form part of the strategic work of real firms because a great deal of their legislative and socioeconomic context is likely to be susceptible to engagement and manipulation by others. A full description of the firm’s context includes all the ways in which it can be influenced by the firm to assist its progress towards its goals. But contexts are more malleable than most strategy writers admit.