Strategy tools in dynamic environments - An expert-panel study

Rengarajan, Srinath, Moser, Roger and Narayanamurthy, Gopalakrishnan ORCID: 0000-0002-3119-5248 (2021) Strategy tools in dynamic environments - An expert-panel study. TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE, 165. p. 120560.

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Official URL: http://dx.doi.org/10.1016/j.techfore.2020.120560

Abstract

Strategy tools and frameworks are crucial for managers to navigate their business environment and formulate strategies. Extant research has focused on the characteristics, dimensions, applications, and impact of traditional tools. However, there are questions regarding the suitability of these tools to the increasingly dynamic environments faced by strategy practitioners characterized by blurring industry boundaries, uncertainty, and ambiguity. Using an expert-panel approach, we address this research gap by investigating how strategy experts from practice and academia assess established strategy tools in dynamic environment. We identify the characteristics of strategy tools that experts value in such contexts and which can inform future development of context-specific strategy tools. Additionally, we also investigate why experts select and apply specific tools and how they combine these tools. Our findings further allow us to explore the difference in perspectives of strategy scholars and practitioners, which is necessary to reconcile the gap between strategy theory and practice. Finally, we discuss implications of the study for strategy and management research, education, and practice.

Item Type:	Article
Uncontrolled Keywords:	Strategy tools, Strategy frameworks, Dynamic environments, Information processing, Contextual fit
Depositing User:	Symplectic Admin
Date Deposited:	11 Jan 2021 11:39
Last Modified:	18 Jan 2023 23:05
DOI:	10.1016/j.techfore.2020.120560
Related URLs:	Author Publisher
URI:	https://livrepository.liverpool.ac.uk/id/eprint/3112108