The Field of Strategy: In Search of a Walking Stick
The question of whether there is an academic field of strategy is important. It is the question that defines the area of strategic management and all the research and teaching that takes place under its name. In this paper we argue that there is a field of strategy, but it is still underdeveloped despite an incredible surge of research in the last twenty years. We believe that most strategy research does not really address the defining issues and that it has become less and less relevant to practising managers. There has been a drift to traditional social science approaches because of the complexity of strategic issues. This has increased confusion among practitioners and academics alike. Despite the fact that practice and theory are not well connected and that strategic management has so far failed to produce the volume of useful results expected by managers, the search for truly useful ‘walking sticks’ for strategists will succeed, thus, enabling them to combine theory with practice.
Strategy, Strategic management, Field of Strategy, Walking stick, Research in Strategy, Strategic practice Corporate strategy
Business Administration, Management, and Operations
Strategy and Organisation
European Management Journal
Thomas, Howard and Hafsi, T..
The Field of Strategy: In Search of a Walking Stick. (2005). European Management Journal. 23, (5), 507-519. Research Collection Lee Kong Chian School Of Business.
Available at: http://ink.library.smu.edu.sg/lkcsb_research/3875