TY - GEN
T1 - The development of strategic management and its relationship with innovation studies
AU - Sehwa, Wu
AU - Songquan, Pang
AU - Wenzhe, Liang
N1 - Publisher Copyright:
© 2020 Towards the Digital World and Industry X.0 - Proceedings of the 29th International Conference of the International Association for Management of Technology, IAMOT 2020. All rights reserved.
PY - 2020/9/1
Y1 - 2020/9/1
N2 - From 1970, scholars interested in business policy began to explore in this field. The concept of "strategic management" emerged and played an important role in the business management process, and leaders attached great importance to this topic. Meanwhile, from the Industrial Revolution to digital technology, a single market to global integration, physical industry to the Internet, the environment and technology keep changing. For managers, how to innovate in business strategies when facing fast-paced technological changes? For scholars, they also want to know whether academic research can fully respond to the changes in technology, social environment, and business models. Based on the changes in technology and the external environment, this paper divides the development of strategic management into four stages, Besides, the method of bibliometrics is used to analyze the research emphases and theoretical development of each stage from literature published in the Strategic Management Journal (SMJ), visualizing the development of strategy theory in different social backgrounds and technology environments, and explores its relationship with innovation studies further: 1.Embryonic Stage (before 1980): scholars focus on the individual level, such as CEO's decision-making, management behaviors; 2.Initial Stage (1980-1995): scholar turns to focus on the organization level, and combining the theory of economics and sociology to explore the pattern of an enterprise's strategic management; 3.Development Stage (1996-2006): with the emergence of knowledge economy, technology, innovation and network externalities have become important issues in business. But, the knowledge changes the pattern of value creation has not been paid much attention by strategy scholars; 4.Transformation Stage (2007-2018): in addition to Internet technologies, the business model aiming at corporate social responsibility has also attracted much attention. During this stage, scholars not only reintegrated the development of strategic management but also established the theoretical basis of the field, which is more connected with innovation.
AB - From 1970, scholars interested in business policy began to explore in this field. The concept of "strategic management" emerged and played an important role in the business management process, and leaders attached great importance to this topic. Meanwhile, from the Industrial Revolution to digital technology, a single market to global integration, physical industry to the Internet, the environment and technology keep changing. For managers, how to innovate in business strategies when facing fast-paced technological changes? For scholars, they also want to know whether academic research can fully respond to the changes in technology, social environment, and business models. Based on the changes in technology and the external environment, this paper divides the development of strategic management into four stages, Besides, the method of bibliometrics is used to analyze the research emphases and theoretical development of each stage from literature published in the Strategic Management Journal (SMJ), visualizing the development of strategy theory in different social backgrounds and technology environments, and explores its relationship with innovation studies further: 1.Embryonic Stage (before 1980): scholars focus on the individual level, such as CEO's decision-making, management behaviors; 2.Initial Stage (1980-1995): scholar turns to focus on the organization level, and combining the theory of economics and sociology to explore the pattern of an enterprise's strategic management; 3.Development Stage (1996-2006): with the emergence of knowledge economy, technology, innovation and network externalities have become important issues in business. But, the knowledge changes the pattern of value creation has not been paid much attention by strategy scholars; 4.Transformation Stage (2007-2018): in addition to Internet technologies, the business model aiming at corporate social responsibility has also attracted much attention. During this stage, scholars not only reintegrated the development of strategic management but also established the theoretical basis of the field, which is more connected with innovation.
KW - Key Contributions
KW - Knowledge Mapping
KW - Strategy Management
KW - Systematic Review
UR - http://www.scopus.com/inward/record.url?scp=85092674730&partnerID=8YFLogxK
M3 - Conference Proceeding
AN - SCOPUS:85092674730
T3 - Towards the Digital World and Industry X.0 - Proceedings of the 29th International Conference of the International Association for Management of Technology, IAMOT 2020
SP - 451
EP - 465
BT - Towards the Digital World and Industry X.0 - Proceedings of the 29th International Conference of the International Association for Management of Technology, IAMOT 2020
A2 - Pretorius, Leon
A2 - Pretorius, Marthinus W.
PB - University of Pretoria
T2 - 29th International Conference of the International Association for Management of Technology: Towards the Digital World and Industry X.0, IAMOT 2020
Y2 - 13 September 2020 through 17 September 2020
ER -
