2-Aug-14
Academy PDW - State of Strategy - v4
1 of 7
BPS
(originally BPP)
theories of managing practice
policy setting
strategizing domain
- business model creation
coercion
policy-shaped practice
in a specific context
calculation
business
strategizing
2-Aug-14
Academy PDW - State of Strategy - v4
culture-ation
2 of 7
some historians of BPS
2-Aug-14
•
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.
Academy PDW - State of Strategy - v4
3 of 7
bringing theories of managing
to bear on business strategizing
1950s
1960s
game theory, systems theory, OR
finance, economics; TCE, PAT, etc.
networks, alliances, M&A
evolution & biology
1970s
rigorous calculation methods
inductive methods
Scientific Management
Fayol’s principles
business history
planning, OR
case-work
Porter
RBV KBV DCs
Learned et al.
Chandler’s EIF
consultants’ tools
bureaucracy, OT
political theory
sociology, anthropology
behaviorism, psychology
2-Aug-14
micro-foundations
Mintzberg
Schendel
& Hofer
behavioral
s-a-p
systematic culture-ation methods
1980s
Academy PDW - State of Strategy - v4
1990s
4 of 7
(A) proliferation - studying SCA implications of:
resource
heterogeneity
policy
/ goal
market
imperfections
‘real’
business
business
model
MSV strategizing
= non-policy?
model
individual decision
& learning
organizational
decision & lrng
re-engaging policy, moving away from MSV
imperfections - stakeholder, CSR, corporate law, sustainability, etc.
2-Aug-14
Academy PDW - State of Strategy - v4
5 of 7
(B) methodological drift
- and synthesizing ?
'objectivism'
formal modeling
sampling & statistics
generalization / theory
von Clausewitz:
multiple theories informing but not determining
the uniqueness of strategic practice
strategic judgment rules - OK ?
'subjectivism'
institutional
pressures
can there be a rigorous theory of business strategizing ?
Knightian uncertainty
judgment & profit
time & historical methods
2-Aug-14
Academy PDW - State of Strategy - v4
6 of 7
on these and other issues:
Richard Priem (Texas CU)
Joan Enric Ricart (IESE)
Saras Sarasvathy (Darden)
Gerard Hodgkinson (Warwick)
Henry Mintzberg (McGill)
2-Aug-14
Academy PDW - State of Strategy - v4
7 - last