Applied Mathematics and Nonlinear Sciences
Journal license

Journal

Applied Mathematics and Nonlinear Sciences


Volume
& Issue

Volume 9, Issue 1


Published
on

April 1, 2024


Pages


DOI

Article

The application of 5W2H management model in the construction of enterprise economic and strategic management system

Check for updates


Authors

Lei Luo Affiliation:
Yiwu Right Moon Trading Co., Yiwu, Zhejiang, 322000, China.
, Qingyu Hong Affiliation:
Tea Faculty, Jiangxi Tea Vocational College, Wuyuan, Jiangxi, 333200, China.
and Ming Zhong Affiliation:
Finance Faculty, Jiangxi University of Finance and Economics, Nanchang, Jiangxi, 330013, China.


Abstract

The 5W2H management model, rooted in World War II, stands out for its simplicity and effectiveness in enterprise management, offering considerable advantages in strategy planning and execution. This study focuses on the model’s role in enhancing strategic economic management within businesses, combining qualitative and quantitative analyses of various enterprises’ strategic management frameworks. Implementing the 5W2H model led to notable enhancements in strategic definition, implementation efficiency, and tangible achievements. Specifically, businesses observed a 20% improvement in achieving strategic objectives, a 15% faster strategy implementation, and a 25% increase in strategic engagement among employees. Additionally, the model proved instrumental in improving internal communication, fostering better teamwork, and optimizing the allocation of resources. Our findings affirm the significant value of the 5W2H model in refining corporate strategy formulation and execution, highlighting its essential place in modern enterprise management practices.


Keywords

5W2H management model, Enterprise economic strategy management, Teamwork ability, Optimization of resource allocation, 97B10


Citation

Luo, L., Hong, Q., & Zhong, M. (2024). The application of 5W2H management model in the construction of enterprise economic and strategic management system. Applied Mathematics and Nonlinear Sciences, 9(1). https://doi.org/10.2478/amns-2024-0776

Published by: Engineering Journals

Engineering Journals Logo