The Moderating Role of Corporate Governance on the Relationship Between Strategic Management and Firm Performance: A Conceptual Study

Abstract

The efficient integration of strategic management processes and company performance remains an essential concern for firms in the changing and complicated business environment of today. The current conceptual investigation seeks to understand how corporate governance affects the relationship between strategic management and business performance as a moderator. The present research, which focuses on service businesses in South Alabama, USA, aims to add to the body of knowledge via underlining the importance of corporate governance systems in increasing the relationship between strategic management and performance. This study aims to shed light on the complex interactions among these vital components by presenting a complete framework encompassing strategic management, corporate governance, and company performance. The main goal of the research is to investigate how corporate governance influences the link between strategic management and firm performance in the setting of service businesses in South Alabama, USA. The present research seeks to expand our comprehension of how corporate governance procedures will amplify or reduce the influence of strategic management decisions on corporate performance results by exploring the complex relationships between these constructs. The research will take a broad conceptual approach, pulling on the body of knowledge and theoretical frameworks related to corporate governance, company performance, and managerial strategy. To lay the theoretical groundwork and identify essential variables, the first step entails a rigorous literature study. The relationship between corporate governance structures, company performance metrics, and strategic management techniques will then be demonstrated using a conceptual framework. To demonstrate the potential moderate impacts of corporate governance on strategic decisions and firm performance, the research project will include case studies and fictitious situations. There are a number of practical and theoretical consequences to the conceptual investigation. Empirically, the study makes a contribution by highlighting the corporate governance's moderating effect on the relationship between strategic management and performance. The investigation offers information into the distinctive dynamics of this area by investigating this understudied