The Blackwell Handbook of Strategic Management

This major reference work is distinct from many other handbooks. It provides original contributions from top strategic management scholars rather than pure research reviews or collections of previously published articles. In the original chapters provided by these outstanding strategic management scholars, major ideas and theories relating to their particular areas of expertise are presented. The contributors examine the background on their topic through their own lenses, whilst also introducing new ideas that will influence the future of research in the field. The Handbook is structured into five sections looking at the strategic management process, the theoretical foundations of the field, various types of strategy, human factors, and teaching methods. As a whole, the volume will serve as a critical reference tool for students, scholars and professional managers.

Michael A. Hitt is a Distinguished Professor and holds the Joseph Foster Chair in Business Leadership and the C.W. and Dorothy Conn Chair in New Ventures at Texas A&M University. He is the author and co-author of numerous books and journal articles, and was formerly editor of the Academy of Management Journal and president of the Academy of Management. He has received awards from the American Society of Competitiveness for Outstanding Academic Contributions (1996) and Outstanding Intellectual Contributions (1997) to Competitiveness.

R. Edward Freeman is the Elis and Signe Professor of Business Administration, University of Virginia. He has authored and co-authored numerous books and articles. He has received teaching awards at Wharton, Minnesota, and Darden, and research awards from the International Association of Business and Society, and the Social Issues Division of the Academy of Management. He serves on the editorial boards of Business Ethics Quarterly, Business and Society, and others.

Jeffrey S. Harrison is at Cornell University. His work has been published widely in prestigious academic journals, and he is the co-author of several books, including the successful strategic management text, Strategic Management of Organizations and Stakeholders (Second Edition, 1998). He serves on the editorial review boards of the Academy of Management Journal and Academy of Management Executive.

List of Figures

viii

List of Tables

ix

Contributors and Editors

x

Acknowledgments

xiv

Introduction

xvi

Part I Origin and Process

1

(94)

Emerging Issues in Strategy Process Research

3

(32)

Gregory G. Dess

G. T. Lumpkin

Strategic Decision-Making

35

(35)

Paul C. Nutt

Strategy Formulation: The Roles of Conversation and Design

70

(25)

Jeanne M. Liedtka

Part II Theoretical Foundations

95

(218)

Strategic Flexibility in the Old and New Economies

97

(27)

Kathryn Rudie Harrigan

The Resource-based View: Origins and Implications

124

(65)

Jay B. Barney

Asli M. Arikan

A Stakeholder Approach to Strategic Management

189

(19)

R. Edward Freeman

John McVea

Towards a Positive Interpretation of Transaction Cost Theory: The Central Roles of Entrepreneurship and Trust

208

(21)

Gareth R. Jones

A Strategic Management Model of Agency Relationships in Firm Governance

229

(30)

Michael H. Lubatkin

Peter J. Lane

William S. Schulze

Risk in Strategic Management Research

259

(30)

Philip Bromiley

Kent D. Miller

Devaki Rau

Corporate Reputations as Economic Assets

289

(24)

Charles J. Fombrun

Part III Strategy Types

313

(178)

Competitive Dynamics Research: Critique and Future Directions

315

(47)

Ken G. Smith

Walter J. Ferrier

Hermann Ndofor

Diversification Strategy Research at a Crossroads: Established, Emerging and Anticipated Paths

362

(22)

Donal D. Bergh

Mergers and Acquisitions: A value Creating or Value Destroying Strategy?

384

(25)

Michael. A. Hitt

R. Duane Ireland

Jeffrey S. Harrison

Strategic Alliances

409

(24)

Andrew C. Inkpen

Restructuring Strategies of Diversified Business Groups: Differences Associated with Country Institutional Environments

433

(31)

Robert E. Hoskisson

Richard A. Johnson

Daphne Yiu

William P. Wan

Global Strategic Management

464

(27)

Stephen Tallman

Part IV Human Factors

491

(178)

On Strategic Judgement

493

(27)

Richard L. Priem

Cynthia S. Cycyota

Organizational Structure: Looking Through a Strategy Lens

520

(23)

Barbara Keats

Hugh M. O'Neill

Corporate Governance

543

(21)

Sayan Chatterjee

Jeffrey S. Harrison

Corporate Strategy and Ethics, as Corporate Strategy Comes of Age

564

(19)

Daniel R. Gilbert, Jr.

Business and Public Policy: Competing in the Political Marketplace

583

(19)

Gerald Keim

Implementing Strategy: An Appraisal and Agenda for Future Research

602

(25)

Lawrence G. Hrebiniak

William F. Joyce

Human Resources Strategy: The Era of our Ways

627

(23)

Scott A. Snell

Mark A. Shadur

Patrick M. Wright

Strategy and Entrepreneurship: Outlines of an Untold Story

650

(19)

S. Venkataraman

Saras D. Sarasvathy

Part V Teaching Methods

669

(28)

The Strategic Management Course: Tools and Techniques for Successful Teaching

671

(26)

Idalene F. Kesner

Index

697

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The Blackwell Handbook of Strategic Management

Summary

Author Biography

Table of Contents

Supplemental Materials