Strategic management in islamic perspective

What is considered "value" to the customer? Conventional management Organizational objectives are both economic and non-economic in nature and are subservient to organizational interests. Where the realized pattern was different from the intent, he referred to the strategy as emergent; Strategy as position — locating brands, products, or companies Strategic management in islamic perspective the market, based on the conceptual framework of consumers or other stakeholders; a strategy determined primarily by factors outside the firm; Strategy as ploy — a specific maneuver intended to outwit a competitor; and Strategy as perspective — executing strategy based on a "theory of the business" or natural extension of the mindset or ideological perspective of the organization.

From a management point of view and with an objective to produce dynamic Muslim leaders, a book written by Hisham AlTalib It is extremely useful for Islamic-oriented business individuals including those working in Islamic financial institutions and want to ensure that their businesses are in compliance with the Shariah, especially with a particular focus on developing corporate cultures and structures in sync with Islamic values.

But if the intention vision is dishonorable such as envy, jealousy, mutual rivalry, boasting, reveling in vanquishing opponents, and hoarding worldly assets for the sake of hoarding them and not letting others benefit from them then competition and competitiveness become evil.

Though pri Fascinating insights into modern strategic management from an Islamic perspectiveWhile strategic management is a cornerstone of any MBA program, it's almost always taught from conventional theories and typically American case studies.

In other words, strategic planning happens around the strategic thinking or strategy making activity. Companies continued to diversify as conglomerates until the s, when deregulation and a less restrictive anti-trust environment led to the view that a portfolio of operating divisions in different industries was worth more as many independent companies, leading to the breakup of many conglomerates.

The term success can be found in the Arabic language in the form of the three words: Other sources are the reported sayings and actions of the first four Caliphs RAA ; instances from Islamic history, studies in public administration and Islamic management, studies in Islamic social sciences, studies in Islamic culture, writings of leading Muslim scholars, and the writings of leading but authentic nonMuslim scholars.

And the word according to Khalifaexist in four dimensions: Each unit generally runs autonomously, with limited interference from the corporate center provided goals are met.

Strategic Management from an Islamic Perspective: Text and Cases

Classification is meant for convenience — common themes, ideas. The difference between 'Najah' and the two other words is vast. He has written at the MBA level, including strategic management, international business 11 books and over published 30 articles. Khaliq is a member of and organizational behavior.

Employees controlled through organizational systems to ensure responsibility and accountability. He mentioned four concepts of corporate strategy; the latter three can be used together: A planned determination of goals, initiatives, and allocation of resources, along the lines of the Chandler definition above.

Strategic Management from an Islamic Perspective

The Prophet used to say, "If the son of Adam were given a valley full of gold, he would love to have a second one; and if he was given the second one, he would love to have a third, for nothing fills the belly of Adam's son except dust.

This supported the argument for achieving higher market share and economies of scale. Its role is dual in nature that is: From this, a logical consequence would be that merely profit maximization, the offspring of purely rationality, must be 14 Khaliq Ahmad, IIUM abandoned.

This is an out of stock title. The word is not given any ethical dimension. It consists of the schools of informal design and conception, the formal planning, and analytical positioning. Prophet Adam repented and was forgiven. While the book offers a genuine view of Islamic perspectives on strategic management, it does not ignore the current developments in strategy formulation and execution.

This marketing concept, in the decades since its introduction, has been reformulated and repackaged under names including market orientation, customer orientation, customer intimacy, customer focus, customer-driven and market focus.Strategic Management of Islamic financial institutions is a key aspect that influences how the future of the industry will be shaped, in terms of growth, diversification.

Fascinating insights into modern strategic management from an Islamic perspective While strategic management is a cornerstone of any MBA program, it's almost always taught from conventional theories and typically - Selection from Strategic Management.

Strategic Management from an Islamic Perspective: Text and Cases

Jan 01,  · Fascinating insights into modern strategic management from an Islamic perspectiveWhile strategic management is a cornerstone of any MBA program, it's almost always taught from conventional theories and typically American case teachereducationexchange.com book takes those traditional theories and interprets them from an Islamic perspective using more international case studies.5/5(2).

Strategic Management from an Islamic Perspective: Text and Cases [Rodrigue Fontaine, Khaliq Ahmad] on teachereducationexchange.com *FREE* shipping on qualifying offers. Fascinating insights into modern strategic management from an Islamic perspective While strategic management is a. Strategic Management from an Islamic Perspective: Text and Cases by Khaliq Ahmad, Rodrigue Fontaine Stay ahead with the world's most comprehensive technology and business learning platform.

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Strategic management

Well, Strategic Management From An Islamic Perspective Text And Cases is a record that has various characteristic bearing in mind others. You could not should know which the .

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Strategic management in islamic perspective
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