Strategic management: A perspective on the development of the field of strategic management and the contribution of the Irish Journal of Management

Abstract

This paper analyses the progress made in the field of strategic management over the past three decades. One approach to analysing a discipline’s trajectory is to explore its exemplary research. We review the papers awarded the Dan and Mary Lou Schendel, Strategic Management Society (SMS) Best Paper Award of the Strategic Management Journal (SMJ) since 1993, to demonstrate the emergence of strategic management as a specific discipline with a distinct view of how firms generate competitive advantage. Our paper interprets the development of the discipline from its market-based and structural roots to attempts to decipher the ‘black box’ of the organisation in analysing capabilities, particularly dynamic capabilities, and resources. Our study shows how the conceptual breakthroughs of the exemplary papers are further developed by the field through theory testing and extension using increasingly sophisticated methodologies published by journals such as Irish Journal Of Management (IJM). Our review of both journals highlights that despite increasing market, social and cultural instability since these seminal papers were first conceived, their lessons are still relevant and increasingly critical to both theory and practice in establishing the future trajectory for strategic management and a framework for organisations to compete.

Strategic Management at Mormaii - the Brazilian Surf Industry Leader

“…The RBV theoretical perspective represents the main contribution of the strategic management discipline to the theory of why companies exist and it also helps to explain their performance and strategic choices (GIBBONS, SCOTT;FHIONNLAOICH, 2015), therefore it will support this case study, which may help managers of sport companies from emerging markets gain insight into their own strategic options to overcome and even take advantage of their differences with global competitors.…”

“…It involves the formulation and implementation of the major goals and initiatives taken by a company's top management, based on consideration of resources and assessment of the internal and external environments in which the organization competes (NAG;HAMBRICK;CHEN, 2007). In recent decades many authors have studied how strategy relates to organizational performance (GIBBONS; SCOTT;FHIONNLAOICH, 2015;HESTERLY, 2005;MILLS et al, 2002;BARNEY, 2001BARNEY, , 1995BARNEY, , 1991HOPKINS;HOPKINS, 1997;BOYD, 1991;PEARCE;FREEMAN;ROBINSON, 1987;PORTER, 1985PORTER, , 1980SHRADER;TAYLOR;DALTON, 1984). The development of two theoretical perspectives on strategy (PORTER, 1985(PORTER, , 1980BARNEY, 1995BARNEY, , 1991 has broadened the understanding of the different levels of performance among industries and companies.…”

“…According to Ramos-Rodriguez and Ruiz-Navarro ( 2004), the RBV theory complements the economic theory and it has been consolidated as the most cited theoretical stream in international journals on strategy since the mid-1990s. Gibbons, Scott and Fhionnlaoich (2015) argue that RBV represents the main contribution of the strategic management discipline to the theory of why companies exist and also helps to explain their performance and strategic choices. Therefore, this case study is supported by the second theoretical perspective, the RBV theory, which takes into consideration the internal environment of the organization and its resources to explain the source of sustainable competitive advantage, instead of simply the external market positioning through generic competitive strategies.…”

Developing Strategy of Maintenance, Repair and Overhaul of Warships in Support of Navy Operations Readiness

“…Good strategy management can bring the organization to be able to implement its strategy through program planning, budgeting processes, performance management systems, changes in organizational structure, and program and project management (Gibbons, Scott, & Cormac, 2015). In addition, strategic management theory can be connected with a strategic planning carried out to plan a strategy in making decisions in order to realize a desired goal.…”

Integrated Marine Pikotage for Balance of Shipping Business and National Maritime Security

“…For countries that are not yet classified as developed countries, the use of funds for operational activities is considered quite burdensome to the burden of the state budget, so a "Gun or Butter" dichotomy arises, the namely classical model of the production possibilities curve using the relationship between "weapons" (military or security budget) and "butter" (food needs or Economics and Business). The term indicates that in the use of a country's budget, an increase in one part will have an impact on a decrease in the other part [10]. However, according to Habibi et al (2015), if the Government can handle it well, then the dichotomy will turn into a Gun and Butter continuum, namely security that is still guaranteed by not putting economic growth or business development at the bottom of the list [11].…”