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 American case studies. This book takes those traditional theories and interprets them from an Islamic perspective using more international case studies. Though primarily intended as a textbook for business students, the book is also extremely useful for any Muslim business leaders who want to transform their businesses while complying with Shariah, with a particular focus on developing corporate cultures and structures in sync with Islamic values.
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Praise for Strategic Management from an Islamic Perspective
"This is an excellent textbook that reflects a depth in coverage and practicality in treatment of strategic issues. 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. It offers a fine balance between theory and practice; reporting on the activities of leading multinational corporations and presenting a framework for analyzing strategic trends. Students will gain the knowledge and skills necessary for becoming an effective manager in a highly turbulent but interdependent world."
—Abbas J. Ali, PhD, Distinguished University Professor and Director, School of International Management, Indiana University of Pennsylvania
"The main theme of the book is that 90 percent of strategies fail. These initiatives fail because of certain assumptions. In particular, in order to generate higher profits, CEOs take unreasonable risks. Typically, the corporate culture of many organizations is based on hiding bad information from the top. The book describes how Islamic principles found in the Qur'an can help overcome these problems. At the end of the day, the outcome is organizational justice (for the employees) and a higher organizational survival rate (for the shareholders)."
—Ali Khatibi, Professor of Marketing, Management and Science University, Malaysia
"Western-based leadership and management models have not been consistently driving global social and corporate successes. This prompted a team of learning and development professionals to seek alternative models. In a publication identifying the world's 100 greatest leaders, Prophet Muhammad SAW was one of the top greatest leaders recognized. This interesting result became the basis to look at his leadership and management from an Islamic perspective.
"I recommend reading the book Strategic Management from an Islamic Perspective as it explores an alternative model to consider embracing."
—Ramlan Ahmad, Vice President, Advisory, Research & Consultancy, Malaysian Association of Learning and Development (MyLeaD)
Rodrigue Fontaine, PhD, is an assistant professor in management at the International Islamic University Malaysia. Prior to joining the IIUM faculty, he worked at Intel Corporation (UK) and Raychem Corporation (UK). Dr. Fontaine was a member of the faculty of Multimedia University (MMU) from 1999 to 2008, after which he joined the Management and Science University (MSU) in Selangor, Malaysia.
Khaliq Ahmad, PhD, is Dean, Kulliyyah (Faculty) of Economics and Management Sciences, at the International Islamic University Malaysia. Over the past 23 years, he has held various academic positions, including Deputy Dean (Research & Academic training) and Director of the Graduate School of Management. Currently, Dr. Ahmad is a member of the General Council of MIM and Vice Chairman after working as Hon. Secretary of the Chartered Institute of Marketing, Malaysia (CIMM) for five years.
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