Where do we fit in the swings and roundabouts of strategy?

Abby Ghobadian (Henley Business School, Greenlands, UK)
Nicholas O'Regan (Bristol Business School, Bristol, UK)

Journal of Strategy and Management

ISSN: 1755-425X

Publication date: 22 August 2008

Abstract

Purpose

The purpose of the paper is to examine and analyze the development of strategic management as a field of inquiry.

Design/methodology/approach

The paper relies on secondary‐source analysis.

Findings

Strategic management has evolved significantly over the past four decades and today it is a well accepted and respected field of inquiry. In gaining academic acceptance, it has lost its practitioner root and it relies too heavily on positivistic deductive research methods and economics as the base discipline. The paper argues that it is time for a re‐think.

Research limitations/implications

The paper argues for a more inclusive approach to strategic management where inductive qualitative research drawing on base disciplines such as sociology, political economy, psychology, behavioral economics play a significant role alongside positivistic deductive approach mainly rooted in industrial or organizational economics.

Practical implications

To continue its impressive upward trajectory, strategic management needs to pay more attention to relevance but not at the expense of rigour. Furthermore, strategic management needs to embrace more issues of interest to practice such as implementation, sustainability and regulation.

Originality/value

The paper provides an overview of developments in the field of strategic management and to move forward it is important to have a good grasp of the past.

Keywords

Citation

Abby Ghobadian and Nicholas O'Regan (2008) "Where do we fit in the swings and roundabouts of strategy?", Journal of Strategy and Management, Vol. 1 No. 1, pp. 5-14

Download as .RIS

DOI

: https://doi.org/10.1108/17554250810912721

Publisher

:

Emerald Group Publishing Limited

Copyright © 2008, Emerald Group Publishing Limited

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