{"title":"Restoring a Taste for Science: Enhancing Strategic Management Knowledge by Changing the Governance of Academic Journals","authors":"Rudi K. F. Bresser, D. Balkin","doi":"10.1561/111.00000037","DOIUrl":"https://doi.org/10.1561/111.00000037","url":null,"abstract":"Too many strategic management scholars may have lost their passion for research or what Robert Merton has defined as the ‘taste for science.’ A lack of passion curtails the pursuit of original, creative research, and the knowledge generated often may be of questionable value for the field’s advancement and business practices. We argue that the reduction of a scholar’s passion for research and an insufficient generation of meaningful knowledge are influenced by a flawed academic governance system. The current governance system of our academic journals and universities undermines attaining the legitimate interests of individual faculty, the scientific community, and broader society. To resolve this situation, we propose a new governance system based on open access and open evaluation. We demonstrate how this alternative system can meet the interests of its stakeholders, encourage more meaningful research and knowledge, and restore a scholar’s ‘taste for science.’","PeriodicalId":100721,"journal":{"name":"International Strategic Management Review","volume":"47 1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78043037","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Divestitures, Value Creation, and Corporate Scope","authors":"Elena Vidal","doi":"10.1561/111.00000034","DOIUrl":"https://doi.org/10.1561/111.00000034","url":null,"abstract":"This paper exposes the relatively limited understanding we have of divestitures as a tool for corporate renewal. I argue that divestitures can be used by managers to generate slack in non-scale free resources, particularly managerial capacity, which are needed to support corporate renewal. I provide a review of the literature, using it to highlight the need for future research. In particular, this is a call for us to gain a better understanding of the drivers and consequences of divestitures and the different ways in which they can be implemented; moreover, this is a call to consider how divestitures are used either in combination or sequentially with other governance modes that affect corporate scope and can lead to corporate renewal, namely build, borrow, buy decisions.","PeriodicalId":100721,"journal":{"name":"International Strategic Management Review","volume":"11 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81403236","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Joint Ventures: The Next Frontiers of Analysis","authors":"J. Bamford, Benjie Jenkins","doi":"10.1561/111.00000022","DOIUrl":"https://doi.org/10.1561/111.00000022","url":null,"abstract":"In a 1993 interview, Peter Drucker commented that: “Businesses used to grow in one of two ways: from grassroots up or by acquisition. ... Today businesses grow through alliances, all kinds of dangerous liaisons and joint ventures, which, by the way, very few people understand.”1 In some ways, a lot has changed since then. Over the ensuing decades, business practitioners and their advisors, including lawyers and consultants, have come to understand the importance and challenges of joint ventures and other partnerships, and have grown much more sophisticated in conceiving and evaluating collaborationbased strategies, structuring joint venture transactions, screening and performing due diligence on joint venture counterparties, and governing and managing joint ventures.","PeriodicalId":100721,"journal":{"name":"International Strategic Management Review","volume":"10 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87211417","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Prioritizing Research in Strategic Management: Insights from Practitioners and Academics","authors":"Saikat Chaudhuri, M. Leiblein, J. Reuer","doi":"10.1561/111.00000015","DOIUrl":"https://doi.org/10.1561/111.00000015","url":null,"abstract":"This essay presents results from a survey that assesses perceptions of academics and practitioners regarding the importance of, and their satisfaction with, research on contemporary topics in strategic management. The objective of the essay is to provide guidance regarding important areas where respondents believe further research would be fruitful. The responses to survey questions regarding 55 prominent research topics indicate the extent to which existing research programs have under- or over-served the demands of the academic and consultant-practitioner markets. A comparison of responses provided by academics and consultant-practitioners suggest opportunities for current academics to learn from practice. Overall, this essay provides a means to better understand the distinctive contribution of strategic management research and suggests several ways in which future research might focus its effort on questions of interest to practice.","PeriodicalId":100721,"journal":{"name":"International Strategic Management Review","volume":"12 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82310423","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Corporate Renewal across Businesses and Countries","authors":"Heather Berry, A. Kaul","doi":"10.1561/111.00000026","DOIUrl":"https://doi.org/10.1561/111.00000026","url":null,"abstract":"This study brings together research in corporate strategy and international business to develop an integrated theoretical framework of corporate renewal in diversified firms. We distinguish between two approaches to corporate renewal: resource exploitation in response to changes in output markets, and resource augmentation in response to changes in input markets. Although both types of renewal take advantage of a diversified firms’ access to a wider range of markets, they represent fundamentally different mechanisms, making it important to distinguish between them. Overall, our study offers a conceptual bridge between parallel work in the corporate strategy and international business research streams, while highlighting important opportunities for future research for both literatures.","PeriodicalId":100721,"journal":{"name":"International Strategic Management Review","volume":"49 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76213273","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Virtues and Limitations of Dynamic Capabilities","authors":"David J. Collis, Bharat Anand","doi":"10.1561/111.00000017","DOIUrl":"https://doi.org/10.1561/111.00000017","url":null,"abstract":"Dynamic capabilities have been identified as a key determinant of competitive advantage. This paper explores the foundations of dynamic capabilities, and the limits to their effectiveness, first theoretically and then through the case of Danaher, the most successful US conglomerate for over three decades. Limitations of dynamic capabilities include that they (a) can be substitutable and (b) embody strategic choices themselves. The Danaher case, an exemplar of dynamic capabilities, illustrates how dynamic capabilities require long-term commitments in order to be effective, involve a set of choices that are closely tied to others made by the firm, and embody tradeoffs that imply that investments in any particular dynamic capability may be inconsistent with acquiring new ones.","PeriodicalId":100721,"journal":{"name":"International Strategic Management Review","volume":"4 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82452752","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Prospective on Corporate Renewal","authors":"Emilie R. Feldman, Arkadiy V. Sakhartov","doi":"10.1561/111.00000025","DOIUrl":"https://doi.org/10.1561/111.00000025","url":null,"abstract":"","PeriodicalId":100721,"journal":{"name":"International Strategic Management Review","volume":"16 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85149225","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Behavioral Innovation and Corporate Renewal","authors":"Nathan R. Furr, J. Eggers","doi":"10.1561/111.00000029","DOIUrl":"https://doi.org/10.1561/111.00000029","url":null,"abstract":"","PeriodicalId":100721,"journal":{"name":"International Strategic Management Review","volume":"2014 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86534877","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Corporate Renewal through Internal Innovation: The Four 'R's of Corporate Bricolage","authors":"Douglas J. Miller","doi":"10.1561/111.00000030","DOIUrl":"https://doi.org/10.1561/111.00000030","url":null,"abstract":"I explain the elements of bricolage—creating solutions with what is at hand—as they apply to innovation in large firms. First, managers can enumerate existing resources through architectural and historical analysis to uncover valuable assets. Second, managers can encourage employees to alter their routines by changing how people interact across internal boundaries; either promoting boundary-spanners, restructuring, or destructuring. Third, managers can recognize new market opportunities by asking employees, customers, and others already in the firm’s network to engage in analogical thinking or interact with existing artifacts, such as products. Fourth, to enable the ideas generated through any of the first three steps to come to fruition, managers can relax mechanisms for selection by choosing more organic, decentralized structures. The corporate bricolage approach is recommended when alternative means of innovation would take too much time or money. This approach illustrates the benefits of strategy process for further development of the resource-based view of the firm.","PeriodicalId":100721,"journal":{"name":"International Strategic Management Review","volume":"30 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88479819","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}