Open Journal of Business and Management

Volume 12, Issue 3 (May 2024)

ISSN Print: 2329-3284   ISSN Online: 2329-3292

Google-based Impact Factor: 1.13  Citations  

Empirical Insights into the Contemporary 360 Management Framework (360MF)

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DOI: 10.4236/ojbm.2024.123081    92 Downloads   327 Views  
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ABSTRACT

This research presents a rigorous empirical evaluation of the 360MF an innovative tool aimed at enriching strategic analysis and corporate foresight processes. Utilising a triangulated approach, the study combines a review of existing literature with primary data collected from 25 UK-based organisations that implemented and subsequently surveyed on the 360MF. Additionally, 10 in-depth interviews were conducted to offer deeper insights. Results indicate a significant level of satisfaction with the framework, particularly its capacity to introduce new avenues for dialogue, enhance the quality of strategies, and bring in a new dimension focusing on past management decisions. However, concerns around time-efficiency and sector-specific suitability also surfaced, pointing to potential areas for improvement. Overall, the study highlighted that 360MF is a robust tool that offers substantial contributions to the practice of strategic planning, with far-reaching implications for both academic inquiry and practical application in varied organisational settings.

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Gerlich, M. (2024) Empirical Insights into the Contemporary 360 Management Framework (360MF). Open Journal of Business and Management, 12, 1488-1515. doi: 10.4236/ojbm.2024.123081.

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