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the state of strategy. BPS. (originally BPP). theories of managing practice. coercion. strategizing domain - business model creation. policy-shaped practice in a specific context. policy setting. calculation. business strategizing. culture- ation. some historians of BPS. - PowerPoint PPT Presentation
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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
2-Aug-14 2 of 7
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.
2-Aug-14 3 of 7
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.
2-Aug-14 4 of 7
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:
2-Aug-14 5 of 7
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
2-Aug-14 6 of 7
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)
2-Aug-14 7 - last
on these and other issues:
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