Strategic Management in 50 Years: Development Context and Dominant Paradigm

Ma Hao

Foreign Economics & Management Vol. 39, Issue 07, pp. 15 - 32 (2017)  DOI:10.16538/j.cnki.fem.2017.07.002

Abstract

Since the business policy tradition began at Harvard Business School, the academic field now known as strategic management has traversed a rather spectacular journey and is increasingly growing to be more diverse in terms of both its content and methodology. In order to help researchers, veterans or novices alike, to better fathom and appreciate such a gigantic literature running the gamut of all strategic research, this paper summarizes and critiques the research contributions since the 1960s based on the broad categories of dominant paradigm, corporate strategy, business strategy, and strategy process and top management team. Given the volume and the richness of the literature, and due to space limitation, it chooses to focus on those important research topics and streams, highlighting especially those milestone achievements and contributions.

Keywords

strategic management; dominant paradigm; corporate strategy; business strategy; strategy process; top management team