Academy PDW - State of Strategy - v42-Aug-14 1 of 7

the state of strategy

Academy PDW - State of Strategy - v4

BPS

policy settingpolicy-shaped

practicein a specific context

calculation

culture-ation

coercion

theories of managing practice

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strategizing domain- business model creation

businessstrategizing

(originally BPP)

Academy PDW - State of Strategy - v4

some historians of BPS• Ghemawat, Pankaj E. (2002). Competition and Business

Strategy in Historical Perspective. The Business History Review, 76(1), 37-74.  

• Hoskisson, Robert E., Hitt, Michael A., Wan, William P., & Yiu, Daphne. (1999). Theory and Research in Strategic Management: Swings of a Pendulum. Journal of Management, 25(3), 417-456.

• Pettigrew, Andrew, Thomas, Howard, & Whittington, Richard (Eds.). (2002). Handbook of Strategy and Management. London: Sage.

• Rumelt, Richard P., Schendel, Dan E. , & Teece, David J. (Eds.). (1994). Fundamental Issues in Strategy: A Research Agenda. Boston MA: Harvard Business School Press.

• Shapiro, Carl (1989). The Theory of Business Strategy. RAND Journal of Economics, 20(1), 125-137.

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Academy PDW - State of Strategy - v4

inductive methodsScientific Management Fayol’s principlesbusiness history

game theory, systems theory, ORfinance, economics; TCE, PAT, etc. networks, alliances, M&Aevolution & biology

bringing theories of managing to bear on business strategizing

RBV KBV DCsmicro-foundations

Chandler’s EIFMintzberg

Learned et al.

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1970s

1980s

Porter

1950s 1960s

bureaucracy, OTpolitical theory sociology, anthropology behaviorism, psychology

systematic culture-ation methods

planning, ORcase-work

rigorous calculation methods

consultants’ tools

1990s

s-a-pbehavioral

Schendel& Hofer (A) proliferation + (B

) methodological

drift

Academy PDW - State of Strategy - v4

business model MSV = non-

policy?

(A) proliferation - studying SCA implications of:

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resourceheterogeneity

marketimperfections

individual decision & learning

organizationaldecision & lrng

policy/ goal

re-engaging policy, moving away from MSV imperfections - stakeholder, CSR, corporate law, sustainability, etc.

‘real’ businessmodel strategizing

Academy PDW - State of Strategy - v4

(B) methodological drift - and synthesizing ?

'objectivism'formal modelingsampling & statisticsgeneralization / theory

'subjectivism'Knightian uncertaintyjudgment & profit time & historical methods

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institutional pressures

von Clausewitz:multiple theories informing but not determining

the uniqueness of strategic practicestrategic judgment rules - OK ?

can there be a rigorous theory of business strategizing ?

Academy PDW - State of Strategy - v4

Richard Priem (Texas CU)Joan Enric Ricart (IESE) Saras Sarasvathy (Darden)Gerard Hodgkinson (Warwick)Henry Mintzberg (McGill)

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on these and other issues: