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Do firm strategies exist?

Author

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  • Kenneth R. Maccrimmon

Abstract

The central issues addressed in this paper are what it means for strategies to exist and for strategies to change. The concept of strategy is developed progressively as a coordinated series of actions, having a comprehensive scope, and being conditional on environmental events and actions of others. Strategies can be inferred from decisions as well as being stated by top management and can be described in both structured categories as well as in unstructured terms. The framework is utilized to provide guidelines for studying changes in strategies. An analysis of key empirical studies demonstrates the difficulties in answering the question of whether firm strategies exist.

Suggested Citation

  • Kenneth R. Maccrimmon, 1993. "Do firm strategies exist?," Strategic Management Journal, Wiley Blackwell, vol. 14(S2), pages 113-130, December.
    • Handle: RePEc:bla:stratm:v:14:y:1993:i:s2:p:113-130
    DOI: 10.1002/smj.4250141010
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    References listed on IDEAS

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    1. Edward J. Zajac & Stephen M. Shortell, 1989. "Changing generic strategies: Likelihood, direction, and performance implications," Strategic Management Journal, Wiley Blackwell, vol. 10(5), pages 413-430, September.
    2. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    3. Arnoldo C. Hax & Nicolas S. Majluf, 1988. "The Concept of Strategy and the Strategy Formation Process," Interfaces, INFORMS, vol. 18(3), pages 99-109, June.
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    Cited by:

    1. Hobday, Mike, 1998. "Product complexity, innovation and industrial organisation," Research Policy, Elsevier, vol. 26(6), pages 689-710, February.
    2. Virgile Chassagnon, 2008. "Qu'est-ce qu'une firme (-réseau) ?," Post-Print halshs-00374758, HAL.
    3. Heidi Wechtler & Evelyne Rousselet, 2012. "Research And Methods In Competitive Dynamics: Review And Perspectives," Post-Print hal-01284007, HAL.
    4. Brian L. Connelly & Laszlo Tihanyi & David J. Ketchen Jr & Christina Matz Carnes & Walter J. Ferrier, 2017. "Competitive repertoire complexity: Governance antecedents and performance outcomes," Strategic Management Journal, Wiley Blackwell, vol. 38(5), pages 1151-1173, May.
    5. Sougata Ray & Bikramjit Ray Chaudhuri, 2018. "Business Group Affiliation and Corporate Sustainability Strategies of Firms: An Investigation of Firms in India," Journal of Business Ethics, Springer, vol. 153(4), pages 955-976, December.
    6. Hohler, J., 2018. "Reconstruction of empirical strategies using content analysis - an application to the dairy industry," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277123, International Association of Agricultural Economists.
    7. Steensen, Elmer Fly, 2014. "Five types of organizational strategy," Scandinavian Journal of Management, Elsevier, vol. 30(3), pages 266-281.
    8. Dmitry Sharapov & Jan‐Michael Ross, 2023. "Whom should a leader imitate? Using rivalry‐based imitation to manage strategic risk in changing environments," Strategic Management Journal, Wiley Blackwell, vol. 44(1), pages 311-342, January.

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