The book is motivated by the lack of a core strategic theory of what firms do and their performance in the market and aims at developing a reasonably comprehensive theory of the firm for strategic management. In this regard, the book provides answers to the four major questions that a theory of the firm for strategy should address: what is a firm, why does it exist, what determines its size and...

With the development of economy, original pure rational strategic management could not adapt to the complex and ever-changing environment now. The world is changing and becoming more and more unpredictable with each passing day. A kind of irrational strategic management is emerging quietly. This passage introduces the development of irrational strategic management and its function in strategic ...

This paper draws on and extends the emerging literature on dynamic capabilities to understand and explain the role ofinformation systems (IS) assets in creating business value. Our analysis identifies the critical roles of managerial actions andthe organizational context in identifying, resourcing and implementing IS-enabled competitive actions in delivering businessvalue. This paper extends ea...

Recent analyses of entry deterrence strategies have required an incumbent’s post-entry output or pricing strategy to be profit maximizing. However, most papers have continued to assume that either an incumbent can commit not to exit after entry or that exit is never optimal. When there are avoidable fixed costs of operating in any period, however, exit can be the optimal strategy. In this situa...

The article identifies strategizing as a core process of strategic management. It contends that strategizing should be more than strategic planning and therefore needs strategic thinking which is systems thinking foremost. Four streams of influence on strategic thinking are discussed based on insights from strategy research. Furthermore, the article concentrates on two aspects of strategizing: ...

The literature on strategic alliances is vast. Most authors are pro-alliances and the casual reader may thereby be lulled into a false sense of security concerning the advantages of strategic alliances. There are several possible advantages of strategic alliances however by joining an alliance several opportunities are also forsaken. The opposite strategic option, a "go it alone strategy" gener...

A decade after the establishment of the Saudi regime Riyadh and Washington constructed a strategic alliance between themselves in 1945. On the other hand, given the “Pivot to Asia” doctrine adopted by the Obama and Trump Administrations, the decline of Washington's dependence on Saudi oil, as well as some important events such as the murdering of Saudi journalist Jamal Khashoggi by Riyadh offic...