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A Model for the Development and Implementation of Core Competencies in Restaurant Companies for Superior Financial Performancede Chabert, Jacqueline M. 10 December 1998 (has links)
The purpose of this study was to identify whether firms that implement and develop core competencies perform significantly better than firms that do not. A model of core competency implementation and development in restaurant firms was developed and tested in three casual dining restaurant firms. The amount of co-alignment in the core competency process was compared to financial performance. Results indicated that firms that had a greater amount of alignment performed better. The highest performance was evidenced in the firm that not only had internal alignment but that appeared to have competencies that are also critical to success in the restaurant industry. / Ph. D.
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The Moderating Role of the Industry Structure on the Causal Relationships between Remote Risks, Task Risks, and Industry Performance: Empirical Study of the U.S. Casual Theme Restaurant IndustryGraf, Nicolas 17 January 2008 (has links)
The purpose of this study was to investigate the concepts of remote and task risks in relation to the structure of the casual theme restaurant industry, and to examine the performance consequences of their relationships. This study proposed a framework of analysis that will enable industry participants to develop an improved understanding of the relationships among environmental risk drivers, and of the influence of their strategic decisions on the environment-performance connection.
Specifically, it was proposed that task risk factors could be identified, and that they would mediate the influence that some identifiable remote risk factors would have on the performance of the industry. It was also expected that this mediated relationship would be moderated by the influence of the structure of industry.
The primary unit of analysis was at the industry sector level as the performance construct was operationalized using a portfolio of 24 casual theme restaurant firms. Exploratory factor analysis was used to identify the remote and task risk factors. The analysis suggested that three remote factors and three task factors represent the two environmental constructs: "Interest rates", "Expectations" and "Exchange rates" for the remote environment, and "Input quantities", "Input restaurant" and "Input prices" for the task environment.
A number of time-series regression analyses were subsequently conducted for the 1993-2006 period to investigate the various proposed relationships. The results indicated that a number of significant direct effects of the remote and task risk factors on the cash flow returns on invested capital of the industry portfolio existed. Also, a significant mediated relationship was found: the "Input prices" mediated the influence of the "Expectations" on changes in the cash flow returns on invested capital. However, and despite numerous significant direct effects between the industry structure variables and the performance variables, no moderation could be established.
The present study paved the way for future research on the relationships between the remote and task environment and the performance of firms. In particular, further research should be conducted that delves into the role of the cyclical nature of environmental risk factors. Besides, additional investigations of the influence of the structure of the industry should be conducted by attempting to compare more contrasted states of the industry. / Ph. D.
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Strategic alignment or non-alignment : the management of human capital in DubaiAnthonisz, Angela Jean January 2018 (has links)
This thesis focuses on the international hotel industry as part of the global economy and examines the implications that the strategic management of human capital has within the five-star sector of the hotel industry in Dubai, an emirate of the United Arab Emirates, and an economy based on the service sector. It examines the macro environmental factors influencing the potential strategic directions of two recognized international five-star hotel brands and considers the challenges this creates for the alignment of strategy, and the implications this has for management of human capital(people) as a key determinant of success that enhances organisational outcomes. In selecting this area of research, the author has adopted a grounded theory approach to the generation of new knowledge, allowing the literature to be guided by concerns raised by hotel managers and industry consultants working in the context of Dubai. This approach led to the employment of a case study method, through which the key influences of organisational culture and ownership are considered. Two international hotel chains were identified to represent the two strategic modes of entry into the destination. The first case being a locally owned and managed chain with 7 hotels in Dubai. The second case is a European chain operating 6 hotel properties under management contract in Dubai, with 6 different owners from the Middle East. Both companies operate within the luxury five-star market that is so prevalent in Dubai. The hospitality industry, by definition, relies heavily on human capital, both as a resource and a capability that may allow for the development of competitive advantage. However, the dynamics of the Dubai hotel environment, the strength of the Arab cultural values and the organisational conditions that exist in Dubai present HR managers with a number of unique challenges, including high levels of pastoral care, and approaches to managing the workforce that may be at odds with traditional ‘Western’ ideals. This thesis adds to the existing debate on the value and utilisation of existing theoretical frameworks attached to the alignment of strategy and the implications for managing human capital in the face of globalisation and presents a model of their application in a city that is characterised by power and control, predictability and change aversion.
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Investigating the Process of Valuing Investments in Intangibles: A Case Study in Safety and Security in the Multinational Hotel IndustryPunpugdee, Nuttapon 18 August 2005 (has links)
Safety and security have emerged as a major force driving change in the multinational hotel industry. As a problem area not well-developed in the literature but considered a crucial force influencing hotel firms' value by the multinational hotel community, safety and security provide an excellent opportunity for industry professionals and academic researchers to improve the value creation of multinational hotel firms. A research need is more urgent in the upscale sector of the industry, and thus, an upscale brand of multinational hotel firm was selected for this study. This case study investigated how a multinational hotel firm developed a process of valuing its investments in safety and security for its properties under an upscale brand. This European hotel firm operates in twenty countries with a variety of business climates. The differences in the remote environments, namely the political, economic, socio-cultural, technological, and ecological environments, presented a great opportunity to gather different views regarding safety and security investments from hotel managers. The dimensions of hotel safety and security were identified by management teams running the firm's hotels to provide scope for decision-making. With this scope, the management teams continued to develop a framework for assessing the value generated from investments in safety and security by identifying the components of an investment decision-making model. A framework as a result of this exploratory study is suggested for future research where causality can be specified and a descriptive decision-making model can be built. / Ph. D.
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An Exploratory Study of Strategic Human Resource Management High Performance Work Practices for Unit Level Managers, in the Casual Segment of the Us RestaurantMurphy, Kevin S. 06 November 2006 (has links)
The previous chapters described in detail the literature, theory and research on Co-alignment, RBV and SHRM that was the basis for the development of a construct for the conceptualization of HPWP in the casual theme restaurant sector of the US hospitality industry for management. Firms able to implement such HPWP systems possessing universality, i.e. complementary internal fit, have been shown to increase the intangible value of their human capital (employees) and create greater economic value (Delery, 1998). This study used the co-alignment principle in conjunction with concepts in SHRM and RBV to develop a theory for a HPWP system for casual theme restaurants in the US, which is named a High Performance People System (HPPS).
The co-alignment model for hospitality organizations which is the foundation of the theoretical model for this research (Olsen, West, and Tse;1998) describes the relationship between four key constructs, i.e. the environment, strategy choice, firm structure, and firm performance. Briefly, the four constructs in the model must be in alignment with each other in order for the firm to produce the greatest value for its stakeholders. Co-alignment theory purports that, "if the firm is able to identify the opportunities that exist in the forces driving change, invest in competitive methods that take advantage of these opportunities, and allocate resources to those that create the greatest value, the financial results desired by owners and investors have a much better chance of being achieved" (Olsen et al. 1998, p.2).
SHRM researchers have been advocates of the theory that supports the causal relationship between HRM practices, sustainable competitive advantage (SCA) and firm performance. Several strategic human resource management researchers such as, Cappelli & Singh (1992),Wright & McMahan (1992), Pfeffer (1994), Lado & Wison (1995), Huselid (1995), Jackson & Schuler (1995),Becker & Gerhart (1996), Delany & Huselid (1996), Boxall (1998), Pfeffer (1998), Schuler & Jackson (2000), Ulrich & Beatty (2001), Lepak & Snell (2002), Hartog (2004) and others have directly or indirectly made attempts to theorize the effects of single or multiple human resource management variables on firm performance. These efforts have led to the incremental development of the strategic human resource management literature that stresses the relationships between the HRM practices, SCA and firm performance. There is an emergent body of evidence demonstrating that "the methods used by an organization to manage its human resources can have a substantial impact on many organizationally relevant outcomes" (Delery, 1998, p. 1). Convoluting the research on HPWP is incongruity among researchers on the micro HRM practices which are included in the SHRM system; there is little concurrence among scholars with respect to specifically which human resource practices should be incorporated (Becker & Gerhart, 1996; Rogers & Wright, 1998; Chadwick & Cappelli, 1999).
RBV is one of the ten schools of thought in the field of management theory (Mintzberg, 2000) and is predicated on the concept that in order to create a sustainable competitive advantage and produce value for the firm, individual policies or practices produce the greatest results when they operate in a complex system that is not easily imitated (Barney, 1995). Resources are the "physical things a firm buys, leases or produces for its own use or the people hired on terms that make them effectively part of the firm" (Penrose, 1959: 67). Wernerfelt (1984) defines a firm's resources as "tangible or intangible assets which are tied semi-permanently to the firm" (p. 172). Barney (1991) further suggested that resources which can be used to create a SCA must have value, rareness, inimitability and substitutability
The research focused on the discovery of the components of a HPWP system construct in the US casual theme restaurant segment for operating managers and the performance metrics used to judge their effectiveness. An exploratory study, in part using the Delphi method, serves as the overall research approach. A cross section of restaurant industry experts including company executives, consultants, academics and investors/owners contributed to the study. The outcome is a list of HRM work practices that are common to the casual theme restaurant industry and performance metrics.
Based on prior empirical work the study started with 14 HRM work practice dimensions (See Table 3.1) and 3 performance measurements of productivity, turnover and financial performance (Huselid, 1995; Huselid & Becker, 1995; Delery & Doty, 1996; Becker & Huselid, 1996; Huselid & Becker, 1997; Hartog, 2004). These dimensions and performance metrics were presented to the panel of expert's making up the pilot study group as a starting point in the development of the HPWP system construct for the casual themed restaurant industry.
After compiling the results of the pilot study and pretesting the survey instrument, the first Delphi survey (see Appendix 3) and a subsequent reminder were sent out electronically to the preselected Delphi participants for the study. A consensus on the research questions was not reached from the first-round survey according to the protocol Therefore, the second round was administered which provide opportunity for participants to change their position to help the group reach a consensus. Since consensus was reached according to the protocol (see tables 4.9, 4.12 & 4.13), the Delphi was concluded at this point.
In summary, figure 1.1 put forth a conceptual model to clarify the relationships between the above mentioned schools of thought and firm performance. Figure 1.2 presented a working theoretical model which expounds on the relationships between the key concepts in the conceptual model and firm performance. Finally, figure 5.1 displays the results and the relationships of the study which methodically confirms the components of a HPPS for unit level managers, and identifies appropriate evaluation criteria for determining the performance of HPPS in the US casual restaurant market. / Ph. D.
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Co-alignment Framework for Evaluating the Implementation of the Tourism Satellite Accounts - A Case study of TanzaniaSharma, Amit 14 August 2002 (has links)
The poor quality and fragmented state of international statistics for the hospitality and tourism sector lead international organizations like the World Tourism Organization (WTO), Organization of Economic Cooperation and Development (OECD) and the United Nations to develop and recognize a universally acceptable framework of tourism statistics. These efforts culminated into the development of the Tourism Satellite Accounts (TSA), the very first sector specific Satellite System of Accounts approved by the United Nations.
The WTO has since made numerous efforts to promote the implementation of the TSA, more so in the developing countries. While the process is gaining momentum, the implementation of the entire TSA framework is a tedious procedure requiring a high level of financial and non-financial resources. This paradox, of scarce resources required for TSA implementation in developing countries that are in most need of its benefits, has been the crucial motivation for this research project.
The present study proposes a framework for evaluating the implementation of the TSA so that the process is manageable and is able to economize on various resources required to implement this comprehensive statistical database. Using Tanzania as the case study, this research verifies the proposed framework for evaluating the TSA's implementation. The underlying model for the proposed implementation framework is the Co-alignment principle from the field of Strategic Management. Evidence of existence of the characteristics of Co-alignment model's components is verified, given the particular experience of TSA implementation in Tanzania. The results suggest that the process in Tanzania is currently misaligned and may require reallocation of certain resources to increase the effectiveness of TSA implementation.
In context of the Co-alignment principle, there is evidence that the end-user needs have not been explicitly established. There is also a lack of knowledge regarding gaps that exist between the current statistical databases and how the TSA would be able to fill these shortcomings. This is true for both additional datasets required and the much needed improvements in statistical methodology. Furthermore, there is no clear prioritization of implementation tasks, which is contributing to the lack of financial sustainability of the project.
There is indication that the allocation of current resources is misaligned with the requirements for developing institutional capacity, training, stakeholder support, (particularly with the private sector operators) and building a stable legislative framework to support the entire process. Finally, there are no clear performance monitoring and evaluation criteria to assess the ongoing performance of the implementation process as well as that of the entire statistical database. This is crucial to insure effectiveness of the resource allocation process.
The conclusions from these observations have been proposed as recommendations to align the process of TSA implementation in Tanzania with the objective of increasing the efficiency of these ongoing efforts at the Ministry of Natural Resources and Tourism.
Furthermore, it has been suggested that the proposed evaluation framework can be used for assessing the effectiveness of implementing any generic national or regional statistical database. / Ph. D.
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An Investigation into Considerations for the Design of IS to Improve the Utility of the Use of the Co-alignment Model: An Integration of Strategy and IT as A Coordination Strategy Framework - A Case Study of Virginia BeachChang, Yao-Jen 05 August 2004 (has links)
As competition has changed and made the environment more dynamic and complex for the hospitality and tourism industry, the concept of strategic management has become more important. However, under the force driving change of technology innovation, information has gone digital and electronic for business development and management. Adopting information technology (IT) for strategic management becomes an important issue for an organization.
The co-alignment model is believed to be one of the effective models for the purposes of strategic management in the field of hospitality and tourism. The primary objective of this study was to investigate important considerations for the design of an information system (IS) to improve the utility of the model. Once the important considerations are taken into account for constructing the system, such an IS is expected to facilitate the information flows associated with the co-alignment model and further work in concert with the model to strengthen the processes of strategy formulation and implementation. Together, the co-alignment model and the IS can be viewed as a Coordination Strategy Framework which also has theoretical underpinning from the review of the literature of strategy, hospitality and tourism, management information system (MIS), computer science (CS), and information science.
Because this research topic or its similar kind has not been studied in the field of hospitality and tourism, this study is exploratory in nature. A qualitative research approach adopting a single-case study method was used. Using the co-alignment model as one of its theoretical supports along with other techniques to collect and test the interview data, the study achieved reliability and validity of the research findings.
As a major part of the conclusions of this study, the findings are the important considerations for the design of the future IS. They included the seven key issues in five dimensions, eleven recommendations, and ten propositions that explained the relationships among the managerial aspects implicated in the framework implementation, especially the interactions between the future IS and the co-alignment model. Furthermore, as the framework is an integration of a strategy model and an IT application, it also gives a new perspective to the term "strategic IT" that denotes the strategic use of IT. / Ph. D.
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[en] THE CO ALIGNMENT BETWEEN COMPETITIVE AND COLLABORATIVE STRATEGIES AS A MEANS OF INFLUENCING THE ENVIRONMENT AND IMPROVING THE PERFORMANCE OF COMPANIE / [pt] O COALINHAMENTO ENTRE AS ESTRATÉGIAS COMPETITIVAS E COLABORATIVAS COMO FORMA DE INFLUENCIAR O AMBIENTE E MELHORAR O DESEMPENHO DE EMPRESASLENISE SARAIVA DE VASCONCELOS COSTA 08 May 2006 (has links)
[pt] O objetivo deste estudo é o de propor e testar um modelo teórico capaz de descrever o coalinhamento entre as estratégias competitivas e colaborativas, sua reação conjunta aos impactos do ambiente e seus efeitos sobre o desempenho de empresas. Inicialmente, utilizando o paradigma SCP como plataforma teórica do modelo objeto de estudo, desenvolveu-se um modelo estrutural relacionando as estratégias competitivas e colaborativas entre si e ao ambiente e, este, ao desempenho. Na segunda etapa, buscou-se a definição das variáveis observáveis para composição do modelo completo com base em levantamento bibliográfico que envolveu 97 trabalhos publicados entre 1977 e 2004. A eleição das variáveis finais resultou da consolidação do escrutínio de seis
especialistas do mercado segurador - escolhido para teste do modelo - e da sua redução por meio da confrontação com a teoria, o que permitiu a elaboração das hipóteses necessárias à análise da validade das relações. A terceira etapa constou da pesquisa de campo, implementada por meio de questionário estruturado enviado à gerência de topo de todas as seguradoras que operam no Brasil e que publicaram balanço nos exercícios de 2002 a 2004. Tais informações foram retiradas do cruzamento das bases de dados do IRB - Brasil Resseguros SA e da Superintendência de Seguros Privados - SUSEP. O índice de respostas equivaleu a 61,54% das seguradoras daamostra final e a 60,26% da participação de mercado em prêmio de seguros de 2004. Feita a coleta dos indicadores, a quarta, e última etapa, tratou do cálculo do coalinhamento entre as estratégias competitivas e
colaborativas - a partir de um referencial de estratégias competitivas e colaborativas associado a empresas com desempenho superior - e do teste do modelo, realizado por
meio da técnica de modelagem de equações estruturais - SEM, implementada com o auxílio dos
softwares SPSS e AMOS. O teste do modelo foi realizado em quatro versões - original e três re-especificações -, empregando variáveis de forma reflexiva e formadora. Tanto o modelo original proposto como suas re-especificaçõesapresentaram índices de ajuste geral muito bons,
permitindo a aceitação das principais hipóteses formuladas e, conseqüentemente, a
aplicabilidade do paradigma SCP para a indústria de teste. A tentativa de
suprir lacuna no emprego da técnica SEM empregando variável do construto Desempenho
como formadora não é recomendável, a despeito do ajuste geral apresentado. Particularmente para
essa indústria, o coalinhamento se mostrou relevante na sensibilidade do ambiente
e sobre o desempenho, especialmente quando envolve as variáveis que
representam a regulamentação do setor, a entrada de novas seguradoras e o nível
de renovação de apólices em uma mesma seguradora. Outra contribuição
relevante da pesquisa está no banco de variáveis gerado, o qual pode alimentar um
número expressivo de novos modelos em Estratégia, sob os mais diversos
paradigmas, aqui, no Brasil. / [en] The objective of this study is to pose and test a
theoretical model able to depict
the co alignment between competitive and collaborative
strategies, their joint
reaction to the impacts of the environment and their
effects upon the performance
of companies. Initially, utilizing the SCP paradigm as a
theoretical platform of the
subject model of the study, a structural model has been
developed associating the
collaborative and competitive strategies between
themselves and to the
environment and the latter to the performance. In the
second stage, the definition
of observable variables for the constitution of the
complete model based on a
bibliographic survey which involved 97 papers published
between 1977 and 2004
was sought. The selection of the final variables resulted
from the consolidation of
the judgments made by six specialists from the insurance
market - which had
been chosen as the market to test the model - and of its
reduction through
confrontation with the theory, thus allowing for the
concoction of the necessary
hypotheses for the analysis of the legitimacy of the
relationships. The third stage
consisted of a field research that was implemented through
a structured
questionnaire that was sent to the highest echelons of
management of all the
insurance companies operating in Brazil and that published
their statutory
financial statements from the fiscal years of 2002 through
2004. Such information
had been drawn from the crossing of the database of IRB -
Brazil Reinsurance SA
and of those from the Superintendence of Private
Insurance - SUSEP. The rate of
responses corresponded to 61,54% of the insurance
companies in the final exhibit
and to 60,26% of market share in insurance premiums in
2004. Once the
collection of the indicators had been processed, the
fourth and last stage dealt with
the calculation of the co alignment between competitive
and collaborative
strategies - from the standpoint of competitive and
collaborative strategies associated with firms with
superior performance - and of the test of the model,
attained through the modeling technique of structural
equations - SEM,
implemented with the use of SPSS and AMOS software. The
testing of the model
was realized in four versions - the original and three re-
specifications -
employing variables in reflexive as well as formative
modes. Not only the original
model proposed but also its re specifications presented
very good indicators of
general fit, which permitted the acceptance of the main
hypotheses that had been
formulated and, thereupon, the applicability of the SCP
paradigm for the industry
of the test. The attempt to fill a void in the use of the
SEM technique actuating the
variable of construct Performance as formative is not
advisable, in spite of the
general fit presented. Particularly for this industry, co
alignment has shown itself
as germane in the sensitivity of the environment and on
performance, especially
when it involves the variables that represent the
regulation of the sector, the entry
of new insurance companies and the level of renewal of
policies within the same
firm. Yet another rather relevant contribution of the
research is the bank of
variables that was produced and that can be retrieved and
used as a basis for a
significant number of new models in Strategy under a
diversity of paradigms here,
in Brazil.
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Alignment of inter-firm performance measures in contractual alliances as a predictor of relationship successRey-Marston, Maria January 2013 (has links)
This research explains the role of aligned inter-firm performance measures as a predictor of success in of contractual alliances. Contractual alliances, a popular type of inter-firm relations, are also known as non-equity alliances and often display conflicting objectives in their contractual agreements. This research proposes that the assessment of contractual alliances performance must go beyond the contract’s ability to deliver to its internal performance targets or service level agreements (SLA). The success of contractual alliances lies in the alliance’s capability to contribute to the specific performance objectives of the firms involved as well as to fulfil its internal SLAs. This capability is called alignment and the results of this research show that is critical to the success of inter-firm relationships. The data for the research was gathered from outsourcing contracts between a logistics service provider and 149 users. Each contract includes its SLAs and two years of actual performance measures. The research design considers the firms’ financial measures as a proxy for their performance objectives during the same period of time. The alignment construct was operationalised by creating an inter-firm alignment (IFA) coefficient calculated with mathematical techniques to assess multi-dimensional fit amongst constructs. The three dimensions included in the IFA coefficient are i) alignment of contract’s SLAs and actual performance values, ii) alignment of contract’s SLAs and provider’s performance objectives, and iii) alignment of contract’s SLAs and user’s performance objectives. Success of contractual alliances was operationalised using known measures from the inter-firm management literature, such as longevity, stability, formality and relative profitability of the relationship. Information for all determinants was available in the 149 contracts. The quantitative correlations were specified and calculated using structural equation models (SEM). The results show that aligned inter-firm performance measures are a strong predictor of contractual alliance success. The empirical model supports the positive correlation of longevity and formality as measures of contractual alliance success, as stated in extant literature. The findings dispute the expected positive correlation between formality and stability with alliance success as described in the alliance literature. The results confirm the positive role of renegotiations as stated in the organization learning literature. Additional in-depth interviews were conducted with relationship managers, during the pilot study. The qualitative results support the quantitative findings. This research contributes to theory by: a) conceptualising and measuring the concept alignment to inter-firm performance measures; b) estimating the contribution of relation-specific measures to contractual alliance success, and c) introducing alignment of inter-firm performance measures as a predictor of contractual alliance success. The research and its results fill a substantive gap in managing contractual alliances. It provides the outsourcing industry with a tool that predicts the likelihood of relationship survival based on the degree of alignment of the inter-firm’s performance measures. The quantitative methods employed in the research extend the use of current techniques for assessing ‘fit’ in the strategy literature, into the field of performance measurement systems.
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An Exploratory Study of the Strategic Value of Information Technology: A Theoretical Application of the Co-Alignment ModelJung, Hyung-il 29 November 2004 (has links)
Despite the impact of Information Technology (IT) in today's service economy, its nature and role are elusive or ambiguous to say the least. This ambiguity has made it so difficult to measure the value of IT. To clarify the ambiguity, this study, with a focus on the strategic dimension of IT application in the web of organizational activities, proposes a conceptual model that relates IT application to Knowledge Management and then to Strategy. In this effort, incorporating the Co-alignment model as a theoretical binding agent, the role of IT is defined as a facilitator of organizational knowledge management that is regarded as the core of strategic management.
The conceptual model proposed is further developed into a structural model for empirical testing. The goodness of fit of the model is assessed through the technique of the Structural Equation Modeling (SEM) along with first-order and second-order confirmatory factor analyses (CFA) using the survey responses of unit managers of multi-unit restaurant companies of the U.S. and Korea. Since the mail survey was conducted in two different nations, relevant multi cultural issues are also addressed to justify the use of combined samples for the study.
The results of the statistical analyses indicate that IT application can be incorporated successfully into the domain of strategic management of restaurant companies as the facilitator of Knowledge Management activities. The hypotheses of the links between IT application and financial performance remained unsolved due to invalid data. However, this study made a certain degree of contribution in identifying the dynamics of IT application in the process of strategic management incorporating the principle of the Co-alignment model. / Ph. D.
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