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Corporate Strategy: Past, Present, and Future

Author

Listed:
  • Feldman, Emilie R.
Abstract
This article reflects on the development of corporate strategy as a field of research, seeking to accomplish three main objectives. First, I position corporate strategy within the broader field of strategy research. I argue that because corporate strategy addresses the conceptually distinct question of how managers set and oversee the scope of their firms, scholars in this domain require a unique organizing framework for analyzing it. Second, I offer such a framework, which disaggregates the different topics and phenomena that corporate strategy scholars study into three categories: intra-organizational, inter-organizational, and extra-organizational. Third, I use this framework to lay out an agenda for future research in corporate strategy, as well as some ideas for linking research more closely to practice and policy-making. Given the significance of corporate strategy from academic, practical, and regulatory standpoints, my hope is that this article will chart a productive course forward for scholars, practitioners, and policy-makers alike.

Suggested Citation

  • Feldman, Emilie R., 2020. "Corporate Strategy: Past, Present, and Future," Strategic Management Review, now publishers, vol. 1(1), pages 179-206, March.
    • Handle: RePEc:now:jnlsmr:111.00000002
    DOI: 10.1561/111.00000002
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    Citations

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    Cited by:

    1. Jana Oehmichen & Sebastian Firk & Michael Wolff & Franz Maybuechen, 2021. "Standing out from the crowd: Dedicated institutional investors and strategy uniqueness," Strategic Management Journal, Wiley Blackwell, vol. 42(6), pages 1083-1108, June.
    2. Manisha Mathur, 2022. "Who pulls the strings: firm strategy or firm environment in controlling firm risk?," Journal of Marketing Analytics, Palgrave Macmillan, vol. 10(4), pages 341-359, December.
    3. Porfírio, José António & Carrilho, Tiago & Felício, José Augusto & Jardim, Jacinto, 2021. "Leadership characteristics and digital transformation," Journal of Business Research, Elsevier, vol. 124(C), pages 610-619.
    4. Nicola Cetorelli & Michael G. Jacobides & Samuel Stern, 2021. "Mapping a sector's scope transformation and the value of following the evolving core," Strategic Management Journal, Wiley Blackwell, vol. 42(12), pages 2294-2327, December.
    5. SETYANINGSIH Santi & KELLE Peter, 2022. "Improving Customer Satisfaction For Smes In Emerging Countries: A Comparative Study Of Hungary And Indonesia," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 17(3), pages 204-223, December.
    6. McGrath, Patia J. & O’Neill, Hugh M., 2023. "Acquisitions of divested business units: A typology and strategies for success," Business Horizons, Elsevier, vol. 66(5), pages 691-706.
    7. Andrew Campbell, 2020. "Reflections on the design of corporate headquarters," Journal of Organization Design, Springer;Organizational Design Community, vol. 9(1), pages 1-7, December.

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