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History-Friendly Modeling: An Evolutionary Tool for Strategy Research

Author

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  • Gianluca Capone

    (Department of Economics and Management, University of Parma, 43125 Parma, Italy; Invernizzi Center for Research on Innovation, Organization, Strategy and Entrepreneurship, Bocconi University, 20136 Milan, Italy)

  • Daitian Li

    (School of Management and Economics, University of Electronic Science and Technology of China, 611731 Chengdu, China)

Abstract

History-friendly models have been increasingly adopted to study innovation and industry evolution, the catch-up of latecomer firms and countries, and public policies. However, they have been used less in the field of strategic management. In this article, we first provide a review of the history-friendly literature, identifying its intellectual roots in evolutionary economics. Then, we discuss three possible motivations that could explain the history-friendly paradox. Finally, we propose history-friendly models as a promising tool to study current research questions in strategy.

Suggested Citation

  • Gianluca Capone & Daitian Li, 2021. "History-Friendly Modeling: An Evolutionary Tool for Strategy Research," Strategy Science, INFORMS, vol. 6(4), pages 436-443, December.
    • Handle: RePEc:inm:orstsc:v:6:y:2021:i:4:p:436-443
    DOI: 10.1287/stsc.2021.0133
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    References listed on IDEAS

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    Cited by:

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