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Research summary: This special issue of Strategic Management Journal was motivated by
concern that the growing scope and diversity of the strategic management field creates the
risk of incoherence and fragmentation and the belief that research reviews could contribute to
synthesis and integration. In this introductory essay, we address the expanding domain of strategic
management, consider where its boundaries lie, identify the forces engendering fragmentation,
and discuss how this special issue—and research reviews in general—can assist convergence
within the field of strategy. We conclude by addressing the potential for integration more broadly in
relation to the theories we deploy, the phenomena we investigate, and cohesiveness of our scholarly
community.
Managerial summary: The expanding domain of strategic management reflects the widening
range of strategic issues that practising managers face. However, the fragmentation that has
accompanied this broadening scope impedes the usefulness of strategic management research
in guiding strategic decision making. We argue that reviews of strategic management research,
such as those included within this special issue, can support the accumulation of an integrated,
empirically-validated knowledge base which is essential to informing management practice.
Copyright © 2016 John Wiley & Sons, Ltd.
Copyright © 2016 John Wiley & Sons, Ltd. Strat. Mgmt. J., 38: 4–16 (2017)
DOI: 10.1002/smj
10 R. Durand, R. M. Grant, and T. L. Madsen
constructs can be used to measure different con- within the expanded community. These forces are
cepts in different traditions, this phenomenological apparent in the niche that organizational ecology
fragmentation nurtures theoretical fragmentation. established, separating it from both strategic
These conditions make it difficult to identify com- management and organizational sociology, more
mon patterns of results associated with a particular recently in the emergence of “strategy-as-practice”
phenomenon and, in turn, extract systematic conclu- as a distinct subfield within strategic management
sions that would inform the field’s “stylized facts” research (Carter, Clegg, and Kornberger, 2008),
or a unified knowledge core. Despite the advance- and in the proliferation of interest groups within
ment of empirical methods that facilitate more the SMS. Hence, there is a risk that strategic
robust investigation of complex patterns of causa- management becomes more a confederation of
tion (Arora et al., 2016), a lack of consensus around clans than a single community. The threat posed
a set of ground rules concerning empirical methods by this trend is that tight-knit academic clans often
and the interpretation of their results continues to act as gatekeepers, taking a protective stance over
limit the field’s capacity to accumulate verified their domains in efforts to control the intellectual
knowledge. Criticism of empirical methods and process of creation, publication, and diffusion. The
their application include the bias toward hypothe- outcome is likely to be a focusing of research efforts
sis confirmation, particularly through data mining around a narrow set of questions and problems,
and the search for theory that matches empirical which encourages scientific incrementalism. A
results (Bettis, 2012; Bettis et al., 2016; Goldfarb byproduct of this threat is the tendency for scholars
and King, 2016), a lack of replication studies (cru- to ignore phenomena that do not fit within any
cial to clarifying boundary conditions) (Bettis et al., single group’s domain but would benefit from work
2016; Tsang and Kwan, 1999), the problem of endo- at the intersection of domains.
geneity in empirical research (Hamilton and Nick-
However, scientific progress requires debate and
erson, 2003; Semadeni, Withers, and Trevis Certo,
disagreement among different schools of thought
2014), unreceptiveness to studies that document and
within a community (Kuhn, 1970). Building bar-
investigate phenomena rather than test hypotheses
riers by refining the field’s boundaries inhibits this
(Helfat, 2007), and problems presented by variables
process and, therefore, the evolution of knowledge.
that are unobservable and/or unmeasurable (Durand
In fact, the field’s nonlinear development appears
and Vaara, 2009; Godfrey and Hill, 1995).
to stem less from periods of stable discourse and
The above suggests that training and guidelines
are needed to encourage scholars to draw on, convergence and more from scholars’ efforts to
and contribute to, established conceptual and embrace alternative views, invoke distant knowl-
operational definitions in a cumulative way and edge, and challenge tradition through different
to foster coherence in operational designs to sup- paradigms. As Feyerabend (1983: 162) states:
port the replication and comparison of empirical “Great scientific advances are due to outside
results. This guidance is critical to balancing the interference which is made to prevail in the face of
advantages and disadvantages of analytical and the most basic and most rational methodological
methodological diversity. Graduate programs, rules.”
professional associations, and journals have a Although protective of their interests, strategy
key role in establishing and updating criteria scholars appear more tolerant of, or comfortable
for robust scientific inquiry, including guidance with, theoretical pluralism than not. This attribute
regarding theoretical and operational alignment, has enabled the field to retain its overall identity. In
data analysis, and methodological rigor. fact, the formal identification of subdomains within
SMS or conference sub-tracks within the BPS Divi-
sion’s annual program has opened up space for more
Community fragmentation scholars to become involved in shaping the field,
Although institutional forces initially promoted dampening perceptions that self-proclaimed elites
common ground within the strategy field, enabling control its direction.
community growth in numbers, international reach, The ongoing challenge is to ensure that the emer-
and scholar legitimacy, more recently these same gence of, and differentiation by, specialist sub-
forces appear to balkanize the field as particular groups does not undermine the cohesiveness of the
groups seek distinctive identity and legitimacy strategic management community as a whole. As
Copyright © 2016 John Wiley & Sons, Ltd. Strat. Mgmt. J., 38: 4–16 (2017)
DOI: 10.1002/smj
The Expanding Domain of Strategic Management Research 11
the number of strategic management scholars con- Our initial call invited proposals for papers in
tinues to grow and the diversity of theories and advance of full papers so that we could provide
phenomena within strategic management continues feedback on both the prospects for the proposed
to expand, so specialization into subfields is both paper and its contents. We encouraged papers that
inevitable and conducive to the advancement of addressed a major topic in strategic management
knowledge. Since establishing the identity for a research whether a phenomenon or a theoretical
subfield encourages differentiation and boundary stream; that offered integration, synthesis, or inter-
building, an ongoing challenge is ensuring that pretation of the literature in novel or meaning-
the field’s sub-communities avoid orthodoxy and ful ways; and that had the potential to stimulate
ideology and remain open to diverse knowledge and redirect future research into the topic. We dis-
sources. Thus, the same way that any organiza- couraged papers that addressed topics we viewed
tion’s division of labor necessitates coordination, as peripheral to the field, or of interest to only a
so knowledge accumulation in a scientific field small minority of strategy scholars, or which were
requires that the centrifugal forces of specialization limited to literature surveys—including purely bib-
and the quest for innovation and novelty are bal- liographic studies.
anced by the centripetal forces of openness to ideas The 186 original proposals generated 46 submit-
and findings, communication, and shared scholarly ted papers, which were reduced to six accepted arti-
norms. cles. Given all we have said about the widening
domain of the strategy field, such a small set of arti-
cles can make only a limited contribution toward
HOW REVIEWS OF STRATEGY integration and coherence within the strategy field.
RESEARCH CAN HELP INTEGRATE Nevertheless, we are optimistic that our special
THE FIELD issue can offer valuable pointers as to the path
ahead. Hence, drawing upon the articles included in
We have established that strategic management’s this issue, Table 1 specifies five ways (not intended
eclecticism is unlikely soon to conform to conven- as mutually exclusive) in which research reviews
tional notions of normal science, grouped around can contribute to counteracting the fragmentation
a core of tightly knit definitions and principles. challenges many scholarly fields encounter as they
Nonetheless, the current state of the field warrants grow and mature.
establishing standards for developing theory and
conducting empirical analysis as well as mecha- 1. Identifying and promoting theoretical develop-
nisms that facilitate integration among the different ments and empirical analyses that subsume and
specialists and sub-communities that populate the integrate multiple theoretical streams.
field. Moreover, while fluid boundaries character- Both Hambrick (2004) and Oxley, Rivkin,
ize the field and its subareas, future progress also and Ryall (2010) emphasize the need for
may require consensus on the type of phenomena contributions to strategy theory to build upon
that are best explored through the lenses of strategic preceding theories. This process corresponds
management and on those that are not. To this end, to Lakatos’s reformulation of Popper’s notion
SMJ is playing a leading role in promulgating norms of “series of theories superseding one another”
and expectations regarding the conduct of research as a progressive research program guided by
through editorial briefs, as well as special issues that the heuristic rule: “devise conjectures which
promote replication studies, advance proper meth- have more empirical content than their prede-
ods for empirical analysis and interpretation, and cessors” (Lakatos, 1968: 165–168). The value
attend to the intersection of research and practice. capture theory outlined by Ryall and Gans
From the outset, our primary goal for the spe- (this issue) exemplifies such progress. It has
cial issue was to contribute to the integration of the the potential to address “blindspots” in the
strategy field. But how can reviews of the research prevailing approaches to analyzing performance
topics and themes accomplish this intent? Initially, heterogeneity among firms including Porter’s
we were unsure; however, as the process pro- “five forces of competition” framework, the
gressed and the papers developed, the sources and resource-based view, and transaction cost eco-
potential benefits of such integration became more nomics. In doing so, the value capture model
apparent. provides a theoretical framework in which key
Copyright © 2016 John Wiley & Sons, Ltd. Strat. Mgmt. J., 38: 4–16 (2017)
DOI: 10.1002/smj
12 R. Durand, R. M. Grant, and T. L. Madsen
Table 1. Contributions of the Special Issue articles to integrating the field of strategic management
(1) Lack of a cumulative or Identifying and promoting Ryall and Gans: Value Capture
accretive theoretical theoretical developments and Model
development and empirical empirical analyses that subsume Dorobantu, Kaul, and Zelner:
analyses and integrate multiple theoretical Nonmarket strategies
streams
(2) Multiple theoretical streams Reconciling different theories and Zhao, Fisher, Lounsbury, and
and empirical findings that results that address the same Miller: Optimal Distinctiveness
address the same phenomena phenomena but with different, Cattani, Porac, and Thomas:
sometimes conflicting, Categories and Competition
predictions and outcomes McIntyre and Srinivasan:
Networks, Platforms and
Strategy
(3) Narrow-range theories that Applying a single theoretical Cattani, Porac and Thomas:
address specific phenomena or approach to a range of separate Categories and Competition
particular contexts but related phenomena Reuer and Trigeorgis: Real Options
Theory
(4) Developing new concepts and Extending and combining existing McIntyre and Srinivasan:
theory to address novel concepts, theories, and empirical Networks, Platforms, and
phenomena results of strategic management Strategy
research to analyze novel Dorobantu, Kaul and Zelner:
phenomena NonMarket Strategies
(5) Ambiguity and imprecision Building more precise, systematic Ryall and Gans: Value Capture
over theoretical constructs, the theory comprising clearly Model
relationships between them, defined concepts, explicit Zhao, Fisher, Lounsbury and
and their operational designs assumptions, and logically Miller: Optimal Distinctiveness
derived causal relationships to Reuer and Trigeorgis: Real Options
support cohesive empirical Theory
progress
aspects and empirical tests of these prevailing different, sometimes conflicting, predictions and
theories can be subsumed and integrated. outcomes.
By focusing upon a broad—and potentially A consequence of the multidisciplinary nature of
measurable—concept of value, the model also strategic management is that different theories
provides a basis for integrating and comparing based upon different disciplinary traditions
shareholder and stakeholder approaches to firm address the same phenomena—often with con-
goals. Likewise, Dorobantu, Kaul, and Zelner flicting predictions. The most striking example is
(this issue) revisit the nonmarket strategies the prediction of economics-based approaches to
literature and offer a typology, rooted in new strategy that differentiation is conducive to supe-
institutional economics, that synthesizes and rior firm performance, as compared with socio-
supersedes prior works. Their hope is to pro- logical approaches to strategy that emphasize the
vide a more complete and integrated set of advantages of legitimacy through conformity.
determinants of governance choices for organi- Yet, as Zhao, Fisher, Lounsbury and Miller (this
zations facing weak institutions either locally or issue) show, such seemingly incommensurable
internationally. Their governance-based frame- theories can be jointly deployed to provide a
work is applied to three broad categories of richer and more nuanced understanding of the
nonmarket strategies: organizational, collective, phenomenon. Cattani, Porac, and Thomas (this
and political. issue) also demonstrate the potential to integrate
2. Reconciling different theories and results different theoretical traditions in the study of
that address the same phenomena but with one strategic phenomena—market categories.
Copyright © 2016 John Wiley & Sons, Ltd. Strat. Mgmt. J., 38: 4–16 (2017)
DOI: 10.1002/smj
The Expanding Domain of Strategic Management Research 13
They show that the categorization of firms is creation and appropriation via the VPC model,
fundamental to the study of competition and mediation of market relationships by external
competitive advantage by identifying theoretical audiences and third parties, and characteriza-
bridges between the economic analysis of tion of market identity. Likewise, Reuer and
markets and industries, strategic group theory, Trigeorgis not only show how the three main
and socio-cognitive approaches to firm cate- approaches to real options analysis (real options
gories. Cattani et al., also pay careful attention to reasoning, real options valuation, and behavioral
multiple levels of analysis—firm, interfirm, and perspectives) can be used in combination, but
external audiences—which influence, through also how the theory can be applied to a vast range
market categories, how value can be created and of strategic phenomena, including core issues
distributed. McIntyre and Srinivasan (this issue) such as: “the drivers of firm heterogeneity and
grapple with reconciling disparate branches competitive advantage … , organizational form
of literature to advance our understanding of and associated build-borrow-buy decisions … ,
strategy in the context of platform-mediated cooperation vs. competition tradeoffs … , and
networks, where the generalizability of prior the role of headquarters in multinational firms”
empirical studies often has been limited due (Reuer and Trigeorgis, this issue).
to the unique attributes of different industry 4. Extending and combining existing concepts, the-
or ecosystem contexts. Their synthesis of the ories, and empirical results of strategic manage-
literature highlights prominent differences in ment research to analyze novel phenomena.
focus and analytical development among the The emergence of new phenomena offers a
three areas. For instance, industrial organization potent incentive for the development of new
studies on indirect network effects often “treat concepts and theory. As technologies reshape
the relationship between complementors and
markets and competition drives strategic inno-
firms as a ‘black-box’,” whereas studies by
vation among firms, new forms of strategic
strategy scholars explicitly consider this rela-
behavior and competitive interactions arise.
tionship from different vantage points (McIntyre
In recent decades these include new digital
and Srinivasan, this issue).
business models encompassing the sharing
3. Applying a single theoretical approach to a
economy, strategic patenting behavior, novel
range of separate but related phenomena.
forms of outsourcing and distributed innovation,
The proliferation of theory within strategic
management—encouraged, in part, by the con- mass customization, new approaches to product
vention that empirical papers should contribute bundling, and organizational arrangements that
to theory—has led to the development of theo- permit unprecedented flexibility and responsive-
ries with a narrow domain of application. These ness. The opportunities to exploit the network
theories contrast with those that yield predictions externalities resulting from digital technologies
across a wide range of phenomena. For example, have especially important implications for
economies of scope combined with transaction strategic behavior. As noted above, McIntyre
cost analysis offers succinct analysis of multiple and Srinivasan (this issue) extend and combine
dimensions of corporate scope. Similarly, the the literature from industrial organization eco-
resource-based view’s predictions concerning nomics, strategy and firm dynamics, and tech-
the rent-generating potential of resources and nology management, to analyze the phenomenon
capabilities apply to many different resource of platform-based competition. Dorobantu et al.
types and business contexts. The proliferation (this issue) utilize familiar tools of institutional
of situation-specific theories is the reverse economics—transaction costs in particular—to
of Popper’s notion of progress through new analyze the diversity of nonmarket strategies
theories having greater empirical content than that have emerged in recent years in response to
their predecessors. Several articles in our special complex regulative and institutional situations.
issue outline theoretical approaches that offer 5. Building more precise, systematic theory
predictions across a wide span of phenomena. comprising clearly defined concepts, explicit
Cattani et al. (this issue) provides a con- assumptions, and logically derived causal
vincing treatment of related phenomena that relationships to support cohesive empirical
had remained previously disconnected: value progress.
Copyright © 2016 John Wiley & Sons, Ltd. Strat. Mgmt. J., 38: 4–16 (2017)
DOI: 10.1002/smj
14 R. Durand, R. M. Grant, and T. L. Madsen
Advancement in a scholarly field requires con-
sensus as to what is known. Such consensus
involves lack of ambiguity over theoretical
concepts and the relationships between them,
alignment of theoretical concepts with their
operational designs, and selection of the
appropriate methods for analysis. This, in turn,
necessitates precisely defined concepts, explicit
assumptions, and logically derived causal
relationships. An important contribution of the
articles in this issue is in countering the fuzzi-
ness over concepts and theoretical relationships
that have hampered progress in strategic
management. This can be accomplished in Figure 1. Paradigmatic stages of scientific development:
multiple ways. For instance, Ryall and Gans’s an interfield positioning
(this issue) exposition of the value capture
model offers an analysis of profit determination
and interfirm performance differentials based integration within fields. Such syntheses can assist
upon a carefully specified, formally derived scholarly communities in distinguishing novel
theory of value determination. Although contributions from reformulations of existing
natural language is likely to continue to be the knowledge and determining whether these new
predominant means for describing concepts contributions clarify and advance, more than they
and their theoretical relationships, many phe- obfuscate and hinder scientific progress. By artic-
nomena we study in strategic management may ulating the state of knowledge in different subareas
lend themselves to formal modeling, whether of a field, reviews such as those presented in this
mathematical or simulation based. However, it issue, could help reveal lines of inquiry that would
is verbally reasoned theory where the need for benefit from replication studies, as well as those
precision is most pressing. Thus, an important that possess more systematic theoretical validity.
contribution of Zhao et al. (this issue) is to Research reviews do not offer a unique view of
recast the genealogy of an idea (optimal past research and the integration they provide is
distinctiveness), to reformulate it in more likely only to be piecemeal. Yet, they are able to
precise terms, and then to develop promising illuminate areas of a field where shared agreement
research questions within the reformulated exists in relation to two dimensions: (1) constructs
theoretical context. Opportunities also exist and their relational properties and (2) consistency in
for integrating formally derived and verbally the measurement of phenomena. Combining these
argued theories. Reuer and Trigeoris (this two dimensions leads to the four situations illus-
issue) identify three areas of real option theory: trated in Figure 1. As the upper-right quadrant of
real options reasoning, which uses verbal logic Figure 1 illustrates, convergence in both dimensions
to explore the sources of real options and their yields a dominant paradigm state—the prevailing
potential to create value; real options valuation, system relating theoretical constructs together with
which uses formal models; and behavioral operational designs to test deduced relationships
perspectives, which address implementation in a research area. In contrast, an area of study
questions. Because each approach is relevant is characterized as fragmented when it lacks both
to a different stage of the real options decision consistency in empirical measurement and shared
cycle, they demonstrate the complementarity agreement on causal associations among constructs
of the three approaches. (Figure 1, lower-left quadrant). Where convergence
exists around a single dimension, a state of partial
convergence exists. Thus, the lower-right quadrant
THE QUEST FOR INTEGRATION is a situation where different theories share broadly
consistent relationships, but operational designs for
Reviews of research, such as those included in testing these relationships vary. Such empirical
this issue, are a useful mechanism for fostering plurality arises from multiple sources—improper
Copyright © 2016 John Wiley & Sons, Ltd. Strat. Mgmt. J., 38: 4–16 (2017)
DOI: 10.1002/smj
The Expanding Domain of Strategic Management Research 15
use of methods, weak matching of theory with oper- ACKNOWLEDGEMENTS
ational designs, lack of attention to methodological
rigor and temporal effects, data availability and lim- The authors thank Connie Helfat, Will Mitchell,
itations, data mining, and heterogeneity in scholars’ Sendil Ethiraj, and Alfonso Gambardella for sug-
training and preferences, to name a few. Conversely, gestions and advice.
the upper-left quadrant is characterized by theoreti-
cal pluralism, but convergence in construct identifi-
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Copyright © 2016 John Wiley & Sons, Ltd. Strat. Mgmt. J., 38: 4–16 (2017)
DOI: 10.1002/smj