Strategic Management Journal Research Articles

Attention-based view

Objective: To present a review and prognosis of academic research focused on the field of Attention-Based View (ABV). Methodology: Bibliometric analysis using co-word analysis and co-citation techniques of 165 relevant articles published between 2004 and 2021 in journals included in the Web of Science and Scopus databases, considering conceptual and intellectual structures, trends, and possible paths for the field of ABV. The retrieved articles were selected based on the key terms present in the title, abstract, and keywords. Relevance: Identifies the field development, research network, documents the most relevant journals and articles, concepts, and the intellectual framework of prominent authors. Findings: The seminal author, Ocasio, is the most expressive and the center of all networks in ABV research. The leading journal, according to the number of articles published, is the Strategic Management Journal. The conceptual structure presents three groups: the central roots of ABV, the attentional dynamics within organizations, and managerial cognition. Relevant topics are strategic change and communication channels, strategy as practice and studies in multinational companies (MNCs), organizational design, senior management team and governance. Theoretical implications: To present the state of the art, to integrate ABV knowledge and identify gaps for future research showing new trends, such as interfaces with metacognition and governance. Practical implications: Top management team decision-making process is ABV dependent so organizational architecture and its dynamics plays a crucial role in strategy for business success.

Run! This road has no ending! A systematic review of PLS-SEM application in strategic management research among developing nations

Partial least squares structural equation modelling (PLS-SEM) is emerging as a prominent methodological tool in strategic management research. Although it offers various advancements to stay relevant with growing research needs, the pace of PLS-SEM adoption may differ in different parts of the world. In this paper, we conducted a systematic review using the PRISMA framework and extracted from the top-ranking strategic management journals 120 articles published between 2011 and 2022 that presented a microscopic view on developing nations. Our findings reveal that despite the astounding methodological solutions offered by PLS-SEM, the studies from developing nations are still trailing behind developed nations in terms of fully exploiting the advancements of PLS-SEM to provide substantial insights to strategic management literature. This review identifies discrepancies in the current application of the method, discusses the most recent advancements and provides the best practices, standard guidelines and recommendations for the best use of PLS-SEM in strategic management research.

Do researchers practice what they preach? An empirical analysis of evaluation criteria

In our project, we take part in the debate about evaluation criteria in qualitative management and organisational science (MOS) research. Since the use of quantitative research criteria to evaluate qualitative research, as well as specific theoretically derived qualitative criteria, has been criticised, we look at this topic from an empirical perspective. Based on a comprehensive analysis of 449 articles published from 2011 to 2021 in five top-tier MOS-journals (Academy of Management Journal, Administrative Science Quarterly, Journal of Management, Organization Science, Strategic Management Journal), we analyse how researchers address the issues of rigor and quality. Focusing on the most common evaluation criteria in the articles (validity and trustworthiness), our results indicate that scholars use qualitative evaluation criteria in a pragmatic way. This shows that, in contrast to the epistemological and methodological differences in theoretically derived evaluation criteria, researchers apply similar techniques to ensure validity and trustworthiness. Given that we only had access to published articles demonstrating the state of the art of using evaluation criteria, the current use of evaluation criteria during the research process remains a ‘black box.’ Therefore, to uncover such implicit evaluation criteria, we suggest a follow-up interview study to gain a deeper understanding of this relevant ‘black box’. In doing so, we aim to explore the intentions and experiences of authors who published qualitative research in top-tier journals on the question, “How to deal with evaluation criteria in research practice as well as during the review process?”. As publishing articles in leading journals is very competitive, we argue that these criteria are mainly the outcome of institutional practices, such as the review process and editorial policies. Our follow-up interview study proposes a way to shed light not only on the explicitly mentioned criteria in published articles but also on the underlying implicit criteria in-use during the research process up to publication.

Introduction to the Virtual Special Issue: Strategy Science’s Contributions to Doctoral Reading Lists

Introduction to the Virtual Special Issue: <i>Strategy Science</i>’s Contributions to Doctoral Reading Lists

Initial public offering: a critical review of literature

PurposeThe main purpose of the paper is to critically review the studies in the area of management and entrepreneurship. Secondly, the study aims to identify various performance measures used by researchers to evaluate short and long-term IPO performance.Design/methodology/approachThe author used systematic database survey procedures recommended in previous studies for the review (Short, 2009; Uberbacher, 2014). The review of the study includes articles published in top management and entrepreneurship journal published after 2008 (January 2009 to December 2020). The source of the collection of articles is the Web of Science and Scopus databases. The search included keywords: initial public offering(s) and IPO(s). The study considers the top journals in the area of management, which includes Administrative Science Quarterly, Journal of Management, Journal of Management Studies, Organization Science and Strategic Management Journal. In entrepreneurship, the author included: Entrepreneurship Theory and Practice, Journal of Business Venturing and Journal of Small Business Management. After careful consideration of each article, the search returned 104 articles, of which (92 articles) were empirical studies.FindingsThe outcome of the study will recommend research gaps and questions for future studies. The review will also recommend prominent performance measures to evaluate IPO performance.Originality/valueThe study contributes to the literature of management and entrepreneurship in two folds. First, the study critically reviewed the three themes (“Corporate governance”, “Upper echelons” and “Social influence”). Second, the author also reviewed various IPO performance measures used the management and entrepreneurship scholars from IPO context. Finally, the study identifies the research gap/research question in the three themes as well as five new themes, which can be a valuable addition for future studies. The author hopes that this study will further help future scholars to enhance the understanding of IPO in the area of management and entrepreneurship.

The Ways that Digital Technologies Inform Visitor's Engagement with Cultural Heritage Sites: Informal Learning in the Digital Era

The Ways that Digital Technologies Inform Visitor's Engagement with Cultural Heritage Sites: Informal Learning in the Digital Era

Entrepreneurship Through a Unified Sociological Neoinstitutional Lens

The institutional context, which includes the normative, regulative, and cognitive dimensions of social life within the various constitutive spheres of society, has a strong influence on entrepreneurial processes and outcomes. Institutions shape who becomes an entrepreneur, opportunity creation, identification, and evaluation, as well as how entrepreneurs attempt to start new firms. We introduce a novel framework that unifies the two dominant perspectives in sociological neoinstitutionalism, the institutional logics and the institutional pillars typologies, and apply this unified framework to examine the existing research at the nexus of entrepreneurship and institutional theory while outlining a set of entrepreneurial phenomena to which the framework can be applied. We analyzed the citation pattern of all 77 articles published since 1999 in top management journals (Academy of Management Journal, Academy of Management Review, Administrative Science Quarterly, Organization Science, and Strategic Management Journal) that used institutional theory to examine entrepreneurial phenomena, and we demonstrate how the unified framework effectively organizes past research while also pointing to new and important areas for development.

Cognitive biases as impediments to enhancing supply chain entrepreneurial embeddedness

AbstractThe recently introduced concept of supply chain entrepreneurial embeddedness (SCEE) refers to the extent to which large firms integrate entrepreneurial capabilities into their supply chains. Achieving a higher degree of SCEE can involve assimilating entrepreneurial practices by copying entrepreneurial firms’ behavior, allying with entrepreneurial firms to gain access to and learn from them, and acquiring entrepreneurial firms to bring their practices inside the firm. Because SCEE appears to be a pathway to enhanced firm performance, enhancing SCEE should be attractive. However, our thesis is that efforts to do so may be undermined by cognitive biases—heuristics used by the human mind to simplify complex situations that result in distorted thinking. We explore the possible problems arising due to 11 cognitive biases discussed by Schwenk (Strategic Management Journal, 1984, 5(2), 111). We offer two brief case examples of companies that are seeking to make their supply chains more entrepreneurial; each illustrates several of the biases in action. We also consider whether supply chain complexity and entrepreneurial orientation can mitigate or strengthen cognitive biases’ harmful effects on SCEE. In doing so, we construct an important interface across entrepreneurship and supply chain management.

ERRATUM

Strategic Management JournalVolume 43, Issue 8 p. 1691-1691 ERRATUMFree Access ERRATUM This article corrects the following: The “butterfly effect” in strategic human capital: Mitigating the endogeneity concern about the relationship between turnover and performance Ithai Stern, Xin Deng, Guoli Chen, Huasheng Gao, Volume 42Issue 13Strategic Management Journal pages: 2493-2510 First Published online: August 18, 2021 First published: 01 May 2022 https://doi.org/10.1002/smj.3395AboutSectionsPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinked InRedditWechat Stern, I., Deng, X., Chen, G., & Gao, H. (2021). The “butterfly effect” in strategic human capital: Mitigating the endogeneity concern about the relationship between turnover and performance There is a correction in the article type. The article type should be: Research Article REFERENCE Stern, I., Deng, X., Chen, G., & Gao, H. (2021). The “butterfly effect” in strategic human capital: Mitigating the endogeneity concern about the relationship between turnover and performance. Strategic Management Journal, 1–18. https://doi.org/10.1002/smj.3324, 2493, 2510Wiley Online LibraryWeb of Science®Google Scholar Volume43, Issue8August 2022Pages 1691-1691 ReferencesRelatedInformation

Navigating the tides of an emerging global cannabis industry: the Aphria-Tilray merger decision

Theoretical basis The case builds upon the theoretical literature in strategy and decision-making under uncertain, complex and ambiguous situations inherent in nascent industries (Eggers and Moeen, 2019). It also bases its analysis of the central decision in the case, the merger between Aphria Inc. and Tilray, on the pertinent literature on mergers and acquisitions (DePamphilis, 2015). DePamphilis (2015). Mergers, acquisitions, and other restructuring activities: An integrated approach to process, tools, cases, and solutions. 8th ed. Academic press, San Diego, CA. Eggers and Moeen (2019). Entry Strategy for Nascent Industries: Introduction to a Virtual Special Issue. Strategic Management Journal. 42 (2), pp. 1–15. Learning outcomes Assessing/reassessing sources of competitive advantage and recognizing how changes in policy and technologies and globalization can change industry dynamics. Identifying the challenges that companies face when developing strategy in nascent and emerging industries and the related (sub)sectors. Analyzing a merger and deciding if it is warranted, financially and strategically. Applying industry analysis to understand dynamic forces impacting an industry, the attractiveness of an industry and how industry structures affect a company’s strategy. Case overview/synopsis The global cannabis industry emerged after Canada, selected states in the US and some other countries across the world started to legalize recreational and/or medical cannabis. Similar to any industry in its nascent stages, the industry structure was undefined, product definitions and categories were unclear and competitive landscape was evolving. It was key for decision makers such as Irwin Simon, the CEO of Aphria Inc., to devise a strategy that would enable the firm to navigate the tides of the nascent industry. Simon had a background in consumer packaged goods industry and was a proponent of gaining market power through industry consolidation moves such as mergers and acquisitions. In 2020, encounters with Tilray’s CEO presented Simon with a merger opportunity with potentials for complementarities and cost savings. The challenge for Simon was to convince the Aphria’s shareholders that the potential gains from this move outweighs its challenges. Complexity academic level Strategy courses (undergraduate and graduate level) • During a session on nascent industry analysis, to illustrate how companies decide whether to enter a market, how to grow and position themselves. • During a session on mergers and acquisitions, to illustrate how a company can use such strategies to gain market power and pursue consolidation. International business courses (undergraduate and graduate level) • During a session on navigating the tides of an industry that is in its nascent stage, both at the individual country level and at the global level. Cannabis industry courses (undergraduate level) • During a session on the national and global prospects of the industry from an investment, entrepreneurial or policy-making perspective. • During a session on mergers and industry consolidation strategies.

How Rare Is Rare? How Common Is Common? Empirical Issues Associated With Binary Dependent Variables With Rare Or Common Event Rates

The use of logit and probit models when examining binary dependent variables including those in the form 0/1 (i.e., dummy variables), yes/no, and true/false (hereafter binary DVs) is commonplace. Yet, the appropriateness and effectiveness of such models are challenged when the event rate of a binary DV is rare or common. To better understand the impact on the field of strategy, we undertook a literature review and assessed recently published research in the Strategic Management Journal. We then utilized Monte Carlo simulations with results showing that as event rates become rarer or more common, issues including biased coefficients, standard error inflation, low statistical power to detect significant effects, and model convergence failure increasingly arise. In addition, small sample sizes amplified these empirical issues. Using a strategy example study, we also show how various analytic tools can lead to different findings when empirical models face an extreme event rate with small sample sizes. Based on our findings, we provide step-by-step guidance for strategy researchers going forward.

The effect of Entrepreneurial Orientation Market Orientation, Marketing Capabilities on Firm Performance of entrepreneurs in the Northeastern region of Thailand

The effect of Entrepreneurial Orientation Market Orientation, Marketing Capabilities on Firm Performance of entrepreneurs in the Northeastern region of Thailand

Disruption in Supply Chain due to Covid-19 in Jordanian Economy

Disruption in Supply Chain due to Covid-19 in Jordanian Economy

The Model of Job Performance : Leadership, Workplace, and Motivation

The Model of Job Performance : Leadership, Workplace, and Motivation

Behavioral strategy: mapping the trends, sources and intellectual evolution

PurposeThis paper presents a comprehensive review of academic research dedicated to the field of Behavioral Strategy. Based on a series of Bibliometric and network analyses, the paper identifies the prominent trend and growth patterns pertaining to the evolution of this important strategic management subfield; it documents which particular journals, articles and authors have most influenced its development, and it maps the intellectual structure and network of authors, publications and countries. Finally, the paper considers the substantive research themes emerging from the analyses reported, in terms of their implications for future work.Design/methodology/approachThe authors undertook a series of Bibliometric and network analyses of 217 relevant articles, published between 1975 and 2020, in journals listed in the Scopus database, using R-studio and VOSviewer. Articles incorporated in the study were selected based on relevant key terms searched from the title, abstract and list of keywords associated with each publication.FindingsThe results demonstrate that behavioral strategy has enjoyed robust and sustained growth, with widespread impact across many areas of the heterogeneous business and management field as a whole. Three distinct periods are identified: an infancy stage (prior to 1999); a steady growth stage (1999–2010); and a take-off stage (2011 onwards). The top three journals in terms of content coverage, based on the number of relevant articles published in relation to behavioral strategy, are Strategic Management Journal, Advances in Strategic Management (AiSM) and the Journal of Management, while the top three most influential journals, in terms of citations pertaining to Behavioral Strategy, based on an analysis of citations in the Scopus database, are Strategic Management Journal, Academy of Management Perspectives and Journal of Management Studies. Gerard P. Hodgkinson and Thomas C. Powell are the most prolific authors. The emerging themes based on intellectual structures have been identified as Behavioral Strategy, Behavioral Theory of Firm; Strategic Leadership and Dynamic Capabilities; and Strategic Cognition and Decision Making.Practical implicationsThe study contributes to knowledge advancement concerning Behavioral Strategy by opening new possibilities to discover important research areas.Originality/valueThe study is the first of its kind on Behavioral Strategy providing a comprehensive systematic literature review.

Risk-taking and risk aversion in the period of before and after the 2008 crisis: evaluation with bibliometric analysis

PurposeThis study aims to quantitatively classify the articles with risk-taking and risk aversion keywords and to investigate whether there is a similar emphasis in articles as parallel to the change in risk appetite in the market in the period before the crisis (bubble period) and after the crisis.Design/methodology/approachIn this study, a bibliometric analysis of the articles in which the keywords risk-taking and risk aversion are mentioned together with the word finance in the journals scanned in the Web of Science between 2004 and 2012 was performed. In this context, 936 articles were specified. Analyses were made using the CiteSpace Java program.FindingsThe three journals with the most articles with these characteristics are Journal of Banking and Finance, Journal of Financial Economics and Strategic Management Journal. Along with these two main keywords, the other two most used keywords were “model” and “performance”. In addition, the keywords “attitude”, “corporate governance”, “choice” and “determinant” were used more in the post-crisis period. On the other hand, concepts such as investor sentiment or emotions were not amongst the 10 most frequently used keywords during the nine years. This can be considered as an indicator that risk is being modelled, but emotions are relatively neglected. As a result, the findings of this study show that academic papers do not develop in connection with the mood and excitement in the market.Originality/valueThis study is one of the first studies to examine the reflection of risk appetite in the market on academic papers on financial risk-taking and aversion and to investigate whether the situation in the market and the development in publications are related.

The nature of entrepreneurial orientation strength: the impact of shared values on firm performance

AbstractDrawing on Wales, Monsen, and McKelvie's (2011, Entrepreneurship Theory and Practice,35(5), 895–923) model of entrepreneurial orientation pervasiveness and the strong culture hypothesis (Denison, 1984, Organization Dynamics,13, 4–22), this study investigates howentrepreneurial orientation (EO) strength, defined as the level of agreement in the shared perceptions of EO, serves as a boundary condition of the EO–firm performance relationship. Four field studies provide evidence for a valid and reliable 10-item multidimensional measure of entrepreneurial orientation, the EO-10, which in turn, may be used to assess EO strength. We establish content and construct validity of the EO-10 (study 1;n= 447 employees), criterion-related validity with revenue growth and sales growth (study 2;n= 412 employees in 43 profit centers), and convergent validity with Covin and Slevin's (1989, Strategic Management Journal,10, 75–87) 9-item measure (study 3;n= 291 employees). Finally, in study 4 (n= 853 employees nested in 22 organizations), we demonstrate the interactive effects of EO and EO strength on profit growth and revenue growth. In sum, this study provides conceptual and empirical evidence for the importance of EO strength as a moderator of the EO–firm performance relationship.

Value Creation and Appropriation in Firms: Methodological Challenges and Research Opportunities

The stakeholder value creation and appropriation (VCA) approach is a new lens for understanding how the economic value created through the firm’s activities is shared among its immediate stakeholders—employees, customers, suppliers, government, and capital owners. A series of recent articles in the Strategic Management Journal have conceptualized the approach, developed the method, and shown its application in comparative case study analysis (Garcia-Castro and Aguilera, 2015; Lieberman, Garcia-Castro and Balasubramanian, 2017; Lieberman, Balasubramanian and Garcia-Castro, 2018; Kern and Gospel, 2020). The approach holds potential beyond the Strategy field: as a tool for investigating how firm-level decisions and practices create winners and losers, but also as a new way of linking these micro-level patterns to macro-level pressures and outcomes, thereby helping Management scholars contribute to addressing one of the world’s grand challenges. The need to better understand inequality in and around organizations has been acknowledged in recent years (Suddaby, Bruton and Walsh, 2018; Amis, Mair and Munir, 2020; Bapuji, Ertug and Shaw, 2020) but has been laid bare in particular during the Covid crisis (Bapuji et al., 2020; Munir, 2020). The goal of this panel symposium is therefore to take stock of how the stakeholder VCA approach has been used so far, reflect on considerations and practicalities of applying it to new empirical settings and research questions, and engage in a discussion of how it could be used to help us unpack the complex relationship between organizations and inequality. To this end, we bring together scholars who are experts on the approach with those who are pursuing research that could stand to benefit from it.

Orchestration capability: a bibliometric analysis

PurposeAs inter-company cooperation and competition grow, orchestration capability plays an increasingly important role. This paper aims to present an overview of orchestration capability in the business and management field, identify the current state and explore future research trends.Design/methodology/approachThis literature review is based on 132 papers collected from the Web of Science (WoS) Core Collection data (1997–March 2021). HistCite was used to analyze the year of publication, leading scholars, influential articles, key journals, top countries and institutions. Research streams were identified from analysis of co-citation, bibliographic coupling and keyword co-occurrence by HistCite and VOSviewer.FindingsThis paper finds that Hitt MA is the most prolific scholar, and the Strategic Management Journal is the most dominating publication among the orchestration capability publications. The USA and Texas A&M University are the most influential countries and institutions, respectively. Three major clusters are identified based on citation mapping, bibliographic coupling analysis of documents and keywords co-occurrence analysis: dynamic capability and resource-based view, resource orchestration and network orchestration. Based on the three clusters, the authors analyze how resource orchestration and network orchestration research develops over time and summarize the evolutionary path of orchestration capability literature.Research limitations/implicationsThis article builds on data from WoS Core Collection, and some new but important articles may not be analyzed, since bibliometrics consider high citation as an indicator to select influential articles.Practical implicationsWith the rapid development of the digital economy, the frequent interactions between companies pose many challenges for businesses. Enterprises can take orchestration actions effectively and efficiently from various perspectives and continuously improve their orchestration capabilities in collaboration with partners to achieve and sustain competitive advantages.Originality/valueThis paper provides a systematic review of orchestration capability using bibliometric analysis, which has not been employed in previous studies. Besides, this article presents a broad understanding of how scholars have researched the subject over the years.

Value of special issues in the journal of business research: A bibliometric analysis

Journal of Business Research (JBR) is a leading peer-reviewed scientific outlet that publishes theories highly relevant to practical business applications. Our study aims to explicate the knowledge creation dynamics (structure and networks) of JBR special issues (SIs) and regular issues (RIs) between 1973 and 2020. Applying bibliometrics, we examine the knowledge structure of JBR SIs by identifying their highly cited publications, prolific authors, and affiliations. In addition, using co-authorship, co-citation, and bibliographic coupling analyses, we investigate the knowledge structures prevailing among the sources citing JBR, its contributing authors, and their affiliations. Our findings indicate that the most prolific authors have US affiliations and that JBR has stronger ties with other leading marketing and management journals, such as the Journal of Marketing, the Journal of Consumer Research, the Journal of Marketing Research, Strategic Management Journal, and Industrial Marketing Management. Bibliographic coupling groups the JBR SI publications into seven clusters identified as consumer behavior of emerging technologies, organizational resources and networks, dynamics of consumer power in marketing, measurement issues, globalization of marketing, future-oriented strategies and tools, and market relationships. Finally, a comparison of JBR SIs with RIs highlights scholarship from more countries with a focus on evolving and current topics.