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Evolving Ideas about Business Strategy

Abstract

This paper updates an earlier article published in Business History Review that concluded that by the second half of the 1990s, there had been a profusion of new, purportedly practical ideas about strategy, many of which embodied some explicit dynamics. This update provides several indications of a drop-off since then in the rate of development of new ideas about strategy but also a continued focus, in the new ideas that are being developed, on dynamics. And since our stock of dynamic frameworks has, based on one enumeration, more than doubled in the last fifteen to twenty years, updating expands both the need and the empirical basis for some generalizations about the types of dynamic strategy frameworks—and strategy frameworks in general—that managers are likely to find helpful versus those that they are not.

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This list contains references from the content that can be linked to their source. For a full set of references and notes please see the PDF or HTML where available.

Pankaj Ghemawat , “Competition and Business Strategy in Historical Perspective,Business History Review 76, no. 1 (2002): 70, doi:10.2307/4127751

Pankaj Ghemawat and Bruno Cassiman , “Introduction to the Special Issue on Strategic Dynamics,Management Science 53, no. 4 (2007): 529–36, doi:10.1287/mnsc.1070.0723

Kenneth J. Arrow , “Control in Large Organizations,Management Science 10, no. 3 (1964): 397408

Sidney G. Winter , “Understanding Dynamic Capabilities,Strategic Management Journal 24, no. 10 (2003): 994, doi:10.1002/smj.318

David Teece and Gary P. Pisano , “Dynamic Capabilities of Firms: An Introduction,Industrial and Corporate Change 3, no. 3 (1994): 537–56, doi:10.1093/icc/3.3.537-a

David J. Teece , Gary P. Pisano , and Amy Shuen , “Dynamic Capabilities and Strategic Management,Strategic Management Journal 18, no. 7 (1997): 509–33

Adam M. Brandenburger and Harborne W. Stuart Jr., “Value-Based Business Strategy,Journal of Economics and Management Strategy 5, no. 1 (1996): 524

Hart E. Posen and Daniel A. Levinthal , “Chasing a Moving Target: Exploitation and Exploration in Dynamic Environments,Management Science 58, no. 3 (2012): 587

Richard E. Caves , Bradley T. Gale , and Michael E. Porter , “Interfirm Profitability Differences: Comment,Quarterly Journal of Economics 91, no. 4 (1977): 667–75

Pankaj Ghemawat and Joan E. Ricart i Costa , “The Organizational Tension between Static and Dynamic Efficiency,Strategic Management Journal 14 (Winter 1993): 5973

Daniel A. Levinthal , “A Behavioral Approach to Strategy—What's the Alternative?Strategic Management Journal 32, no. 13 (2011): 1517–23

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Business History Review
  • ISSN: 0007-6805
  • EISSN: 2044-768X
  • URL: /core/journals/business-history-review
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