pespective on strategic management(2016-0101)

pespective on strategic management(2016-0101) - Irish...

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Irish Journal of Management Irish Journal of Management • 34(1) • 2015 • 22-41 DOI: 10.1515/ijm-2015-0004 * E-mail: [email protected] Research Article 1 Smurfit School of Business, University College Dublin, Co. Dublin, Ireland 2 School of Business, Maynooth University, Maynooth, Co. Kildare, Ireland Patrick Gibbons 1* , Pamela Sharkey Scott 2 , Cormac Mac Fhionnlaoich 1 Strategic management: A perspective on the development of the field of strategic management and the contribution of the Irish Journal of Management Introduction It is extremely timely that the Irish Journal of Management (IJM), in seeking a series of retrospectives on the development of the field of management, should request a review of the strategic management field. In many ways, the histories of the journal and the field of strategy, as we know it, have evolved from similar birthdates. The forerunner of the IJM, IBAR, (Irish Business and Administrative Research) was first published in 1979, whilst two years earlier a conference was held at the University of Pittsburgh with the purpose of delineating a research agenda for the field of strategy. Both initiatives were about providing a forum and showcase for academic work that was previously relatively obscure. The results and proceedings of the Pittsburgh conference were published in the seminal book, Strategic Management: A New View of Business Policy (Schendel and Hofer, 1980). This book served as a foundation document for research in the field, clearly demarcating a transition point between a view of strategy as serving primarily a teaching purpose, with faculty in the area delivering capstone courses such as Business Policy, to a research field with its own unique research questions, methods and agenda (Nag et al., 2007). Simultaneously, the other great impetus to the strategy field was the publication of Michael Porter’s (1980) book, Competitive Strategy, which crystallised the insights developed through a long tradition of industrial organisation economics into Keywords: strategy • structure • resource base view Abstract: This paper analyses the progress made in the field of strategic management over the past three decades. One approach to analysing a discipline’s trajectory is to explore its exemplary research. We review the papers awarded the Dan and Mary Lou Schendel, Strategic Management Society (SMS) Best Paper Award of the Strategic Management Journal (SMJ) since 1993, to demonstrate the emergence of strategic management as a specific discipline with a distinct view of how firms generate competitive advantage. Our paper interprets the development of the discipline from its market-based and structural roots to attempts to decipher the ‘black box’ of the organisation in analysing capabilities, particularly dynamic capabilities, and resources. Our study shows how the conceptual breakthroughs of the exemplary papers are further developed by the field through theory testing and extension using increasingly sophisticated methodologies published by journals such as Irish Journal Of Management (IJM). Our review of both journals highlights that despite increasing market,
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