Activities and Awards
MBA & EMBA Students:
Researchers & Doctoral Students:
MGMT 578: Doctoral Seminar In Strategic Management
Professor Donald C.
Office: 414 Business Building
This course involves a critical review of theory and research in the
field of strategic management. The scope of the course is comprehensive,
encompassing the following domains: strategic content, strategic processes,
top executives, and corporate governance. Particular emphasis is placed
on empirical study of strategic issues.
The course is intended
primarily for doctoral students who expect to conduct research in strategic
management or related areas (e.g., organizational behavior, marketing
strategy, corporate finance, industrial organization, sociology of organizations,
organization theory, or complex decision making).
Each week we will
examine a sub-area of strategic management. Our approach will typically
involve reading the seminal works (or recent summaries or syntheses) on
the topic and examining in depth several empirical works.
Each student will write a fully-developed proposal for an empirical study;
the proposal may deal with any topic/question within the overall domain
of strategic management. The proposal is expected to include 1) conceptual
and literature background, 2) theory development and hypotheses, and 3)
There will be a take-home
final examination consisting of several questions of an integrative nature.
Overall grading criteria
are as follows:
(including leading research critiques) 1/3
Research proposal 1/3
Final exam 1/3
consist of excerpts from several books and numerous articles/papers.
1. Overview and Origins of the Field of Strategic Management
Andrews, K.R., 1971.
The Concept of Corporate Strategy. (Chapters 1 and 2). Irwin.
Schendel, D.E. &
Hofer, C.W., 1979. Strategic Management: A new view of business policy
and planning. (1-22, 515-530). Little Brown.
Evered, R., 1980.
"Review of Schendel and Hofer." Administrative Science Quarterly,
Rumelt, R.P., Schendel,
D., & Teece, R.J., 1994. "History of strategic management,"
Fundamental Issues in Strategy: A research agenda. (9-24). HBS Press.
Hoskisson, R., Hitt,
M., Wan, W., & Yiu, D., 1999. "Theory and research in strategic
management: Swings of a pendulum." Journal of Management, 417-456.
Hambrick, D.C. & Chen, M.J., 2008. "New academic fields as admittance-seeking social movements: The case of strategic management." Academy of Management Review, 32-54.
Powell, T., Lovallo, D., & Fox, C., 2011. Behavioral strategy. Strategic Management Journal, 1369-1386.
Hambrick, D.C. & Crossland, C., 2016. “A strategy for behavioral strategy.” Advances in Strategic Management, forthcoming.
2. Conceptualizing and Operationalizing Strategy
1962. Strategy and Structure: Chapters in the History of American Industrial
Enterprise. (1-113). MIT Press.
Miles, R.E. &
Snow, C.C., 1978. Organizational Strategy, Structure and Process.
(Read chapters 1-4; skim chapters 5-7). McGraw-Hill.
Mintzberg, H., 1978.
"Patterns in strategy formation." Management Science, 934-948.
Shortell, S. & Zajac, E., 1990. Perceptual and archival measures of Miles and Snow’s strategic types: A comprehensive assessment of reliability and validity. Academy of Management Journal, 817-832.
Inkpen, A. &
Choudhury, N., 1995. "The seeking of strategy where it is not:
Towards a theory of strategy absence." Strategic Management Journal,
Porter, M.E., 1996.
"What is strategy?" Harvard Business Review, 61-78.
Hambrick, D.C. 2003"forward" to the Classic Edition of Miles, R.E. & Snow, C.C., Organizational Strategy, Structure and Process. McGraw-Hill.
Organization Economics View of Strategy
Porter, M.E., 1980.
Competitive Strategy: Techniques for Analyzing Industries and Competitor
Analysis. (Chapters 1, 2, & 7). Free Press.
Porter, M.E., 1981.
"The contributions of industrial organization to strategic management."
Academy of Management Review, 609-620.
1985. "Do markets differ much?" American Economic Review,
Rumelt, R.P., 1991.
"How much does industry matter?" Strategic Management Journal,
Reger, R.K. &
Huff, A.S., 1993. "Strategic groups: A cognitive perspective."
Strategic Management Journal, 103-124.
Powell, T.C., 1996.
"How much does industry matter? An alternative empirical test."
Strategic Management Journal, 323-334.
Grodal, S., Gotsopoulos, A., & Suarez, F.F., 2015. “The coevolution of technologies and categories during industry emergence.” Academy of Management Review, 423-445.
4. Resource-Based View of Strategy
1984. "A resource-based view of the firm." Strategic Management
Barney, J., 1991.
"Firm resources and sustained competitive advantage." Journal
of Management, 99-120.
Peteraf, M.A., 1993.
"The cornerstones of competitive advantage: A resource-based view."
Strategic Management Journal, 179-191.
Henderson, R. &
Cockburn, I., 1994. "Measuring competence? Exploring firm effects
in pharmaceutical research." Strategic Management Journal, 63-84.
Priem, R. &
Butler, J., 2001. "Is the resource-based view a useful perspective
for strategic management research?" Academy of Management Review,
Adner, R. &
Helfat, C.R., 2003. "Corporate effects and dynamic managerial capabilities."
Strategic Management Journal, 1011-1025.
Hsu, D.H. &
Ziedonis, R.H., 2013. "Resources as dual sources of advantage:
Implications for valuing entrepreneurial-firm patents." Strategic
Management Journal, 761-781.
5. Schumpeterian/Dynamic View of Strategy
McCaffery, M.L. & Van Wijk, G., 1985. "Competitors' responses
to easily imitated new products - Exploring commercial banking product
introductions." Strategic Management Journal, 75-86.
D'Aveni, R., 1994.
(Introduction) Hypercompetition: Managing the Dynamics of Strategic
Maneuvering. (1-36). Free Press.
Jacobson, R., 1992.
"The 'Austrian' school of strategy." Academy of Management
Chen, M-J. &
Hambirck, D.C., 1995. "Speed, stealth, and selective attach: How
small firms differ from large firms in competitive behavior." Academy
of Management Journal, 453-482.
Ferrier, W.J., Smith,
K.G., & Grimm, C.M., 1999. "The role of competitive action
in market share erosion and industry dethronement: A study of industry
leaders and challengers." Academy of Management Journal, 372-388.
McNamara, G., Vaaler,
P.M., and Devers, C., 2003. "Same as it ever was: The search for
evidence of increasing hypercompetition." Strategic Management
Shamsie, J., Phelps,
C., & Kupenman, J., 2004. "Better late than never: A study
of late entrants in household electrical equipment." Strategic
Management Journal, 69-84.
Hsieh, K., Tsai, W., & Chen, M. 2015. If they can do it, why not us? Competitors as reference points for justifying escalation of commitment. Academy of Management Journal, 38-58.
6. Learning and Knowledge-Based View of Strategy
Lieberman, M., 1984.
"The learning curve and pricing in the chemical processing industries."
Rand Journal of Economics, 213-228.
Cohen, W.M. &
Levinthal, D.A., 1990. "Absorptive capacity: A new perspective
on learning and innovation." Administrative Science Quarterly,
Mowery, D.C., Oxley,
J.E., and Silverman, B.S., 1996. "Strategic alliances and interfirm
knowledge transfer." Strategic Management Journal, 77-91.
Haleblian, J. &
Finkelstein, S., 1999. "The influence of organizational acquisition
experience on acquisition performance: A behavioral learning perspective."
Administrative Science Quarterly, 29-56.
2002. "When do firms learn from their acquisition experience? Evidence
from 1990-1995." Strategic Management Journal, 21-39.
Benner, M.J. &
Tushman, M., 2002. "Process management and technological innovation:
A longitudinal study of the photography and paint industries."
Administrative Science Quarterly, 676-706.
Zollo, M. &
Singh, H., 2004. "Deliberate learning in corporate acquisitions:
Post-acquisition strategies and integration capability in U.S. bank
mergers." Strategic Management Journal, 1233-1256.
7. Corporate-Level Strategy: Product-Market Diversification
Rumelt, R.P., 1974.
Strategy, Structure, and Economic Performance. (1-127). Harvard.
Rumelt, R.P., 1982.
"Diversification strategy and profitability." Strategic Management
Prahalad, C.K. and
Bettis, R.A., 1986. "The dominant logic: A new linkage between
diversity and performance." Strategic Management Journal, 485-501.
Palich, L.E., Cardinal,
L.B., & Miller, C.C., 2000. "Curvilinearity in the diversification-performance
linkage: An examination of over three decades of research." Strategic
Management Journal, 155-174.
Bowman, E.H. &
Helfat, C.E., 2001. "Does corporate strategy matter?" Strategic
Management Journal, 1-23.
Singh, K., & Mahmood, I., 2007. "Diversification and performance:
Evidence from east Asian firms." Strategic Management Journal,
Neffke, F. & Henning, M., 2013. Skill relatedness and firm diversification. Strategic Management Journal, 297-316.
8. Corporate-Level Strategy: Altering the Scope of the Firm
Duhaime, I.M. &
Grant, J.H., 1984. "Factors influencing divestment decision-making:
Evidence from a field study." Strategic Management Journal, 301-318.
Bethel, J.E. &
Liebeskind, J., 1993. "The effects of ownership structure on corporate
restructuring." Strategic Management Journal, 15-31.
Wiersema, M.F. &
Bantel, K.A., 1992. "Top management team demography and corporate
strategic change." Academy of Management Journal, 91-121.
Capron, L., Mitchell,
W., & Swaminathan, A., 2001. "Asset divestiture following horizontal
acquisitions: A dynamic view." Strategic Management Journal, 817-844.
Capron, L. and Pistre,
N., 2002. "When do acquirers earn abnormal returns?" Strategic
Management Journal, 781-794.
McNamara, G.M., Haleblian, J., and Dykes, B.J., 2008. "The performance implications of participating in an acquisition wave: Early mover advantages, bandwagon effects, and the moderating influence of industry characteristics and acquirer tactics." Academy of Management Journal, 113-130.
Xia, J. & Li, S., 2013. The divestiture of acquired subunits: a resource dependence approach. Strategic Management Journal, 131-148.
9. International Strategy
Bartlett, C. &
Ghoshal, S. 1989. Managing Across Borders: The Transnational Solution.
(Chapter 1). Harvard Business School Press.
Kobrin, S., 1991.
"An empirical analysis of the determinants of global integration."
Strategic Management Journal, 17-31.
Mitchell, W., Shaver,
J.M., & Yeung, B., 1992. "Getting there in a global industry:
Impacts on performance of changing international presence." Strategic
Management Journal, 419-432.
Gupta, A., & Govindarajan, V., 2000. "Knowledge flows within multinational corporations." Strategic Management Journal, 473-496.
Vermeulen, F. & Barkema, H., 2002. "Pace, rhythm, and scope: Process dependence in building a profitable multinational corporation." Strategic Management Journal, 637-653.
Frynas, J.G., Mellahi, K., & Pigman, G.A., 2006. "First mover advantages in international business and firm-specific political resources." Strategic Management Journal, 321-345.
Crilly, D., Ni, N., & Jiang, Y., 2016. “Do-no-harm versus do-good social responsibility: Attributional thinking and the liability of foreignness.” Strategic Management Journal, 1316-1329.
10. Top Executives and the Upper-Echelons Perspective
Hambrick, D. &
Mason, P., 1984. "Upper echelons: The organization as a reflection
of its top managers." Academy of Management Review, 193-206.
& Schoonhoven, C.B., 1990. "Organizational growth: Linking
founding team, strategy, environment, and growth among U.S. semiconductor
ventures, 1978-1988." Administrative Science Quarterly, 504-529.
& Hambrick, D.C., 1990. "Top management team tenure and organizational
outcomes: The moderating role of managerial discretion." Administrative
Science Quarterly, 484-503.
Sanders, W.G., & Gregersen, H.B., 2001. "Bundling human capital
with organizational context: The impact of international assignment
experience on multinational firm performance and CEO pay." Academy
of Management Journal, 493-511.
2005. "Upper echelons theory: Origins, twists and turns, and lessons
learned," in K.G. Smith and M.A. Hitt (eds.), Great Minds in Management:
The Process of Theory Development, 109-127.
Chatterjee, A. &
Hambrick, D.C., 2007. "It's all about me: Narcissistic CEOs and
their effects on company strategy and performance. Administrative Science
Nadkarni, S. &
Herrmann, P., 2010. "CEO personality, strategic flexibility, and
firm performance: The case of the Indian business process outsourcing
industry." Academy of Management Journal, 1050-1073.
Gupta, A., Briscoe, F., & Hambrick, D.C. “A values-based explanation for egalitarian resource allocation in organizations.” Working paper.
11. Governance and Agency Theory
Fama, E., 1980.
"Agency problems and the theory of the firm." Journal of Political
Morck, R., Shleifer,
A., & Vishny, R., 1988. "Management ownership and market valuation:
An empirical analysis." Journal of Financial Economics, 293-315.
Hambrick, D.C. &
Finkelstein, S., 1995. "The effects of ownership structure on conditions
at the top: The case of CEO pay raises." Strategic Management Journal,
Dalton, D., Daily,
C., Ellstrand, A., & Johnson J., 1998. "Meta-analytic reviews
of board composition, leadership structure, and financial performance."
Strategic Management Journal, 269-290.
Westphal, J.D. &
Fredrickson, J.W., 2001. "Who directs strategic change? Director
experience, the selection of new CEOs, and change in corporate strategy."
Strategic Management Journal, 1113-1137.
Boivie, S., Lange, D., McDonald, M.L., & Westphal, J.D., 2011. "Me or we: The effects of CEO organizational identification on agency costs." Academy of Management Journal, 551-576.
Hambrick, D.C., Misangyi, V.F., & Park, C.A., 2015. “The quad model for identifying a corporate director’s potential for effective monitoring: Toward a new theory of board sufficiency.” Academy of Management Review, 323-344.
and Organizational Design
Teece, D.J., 1981.
"Internal organization and economic performance: An empirical analysis
of the profitability of principle firms." Journal of Industrial
1987. "Multidivisional structure and performance: The contingency
of diversification strategy." Academy of Management Journal, 625-644.
Amburgey, T.L. &
Dacin, T., 1994. "As the left foot follows the right? The dynamics
of strategic and structural change." Academy of Management Journal,
Tsai, W., 2002.
"Social structure of 'coopetition' within a multiunit organization:
Coordination, competition, and intra-organizational knowledge sharing."
Organization Science, 179-190.
Collis, D., Young,
D., & Goold, M., 2007. "The size, structure, and performance
of corporate headquarters." Strategic Management Journal, 383-405.
Csaszar, F.A., 2012. "Organizational structure as a determinant of performance: Evidence from mutual funds." Strategic Management Journal, 611-632.
Vuoir, T.O. & Huy, Q.N., 2016. “Distributed attention and shared emotions in the innovation process: How Nokia lost the smartphone battle.” Administrative Science Quarterly, 9-51.
13. Strategic Processes: Organizational and Social Factors
Bower, J.L., 1970.
Managing the Resource Allocation Process. (Chapters 1, 2, and 3). Harvard
Mintzberg, H., Raisinghani,
D., & Theoret, A., 1976. "The structure of unstructured decision
processes." Administrative Science Quarterly, 246-275.
& Bourgeois, L.J., 1988. "Politics of strategic decision making
in high-velocity environments: Toward a midrange theory." Academy
of Management Journal, 737-770.
1996. "A process model of strategic business exit: Implications
for an evolutionary perspective on strategy." Strategic Management
Guler, I, 2007.
"Throwing good money after bad? Political and institutional influences
on sequential decision making in the venture capital industry."
Administrative Science Quarterly, 248-285.
Reitzig, M. &
Sorenson, O., 2013. "Biases in the selection stage of bottom-up
strategy formulation." Strategic Management Journal, 782-799.
Processes: Human and Team Factors
& Mitchell, T.R., 1984. "Strategic decision processes: Comprehensiveness
and performance in an industry with an unstable environment." Academy
of Management Journal, 399-423.
Sandberg, W.R., & Ragan, J.W., 1986. "Group approaches for
improving strategic decision making: A comparative analysis of dialectical
inquiry, devil's advocacy, and consensus." Academy of Management
& Iaquinto, A.L., 1989. "Inertia and creeping rationality in
strategic decision processes." Academy of Management Journal, 516-542.
Ocasio, W., 1997.
"Towards an attention-based view of the firm." Strategic Management
Audia, P.G., Locke,
E.A., & Smith, K.G., 2000. "The paradox of success: An archival
and a laboratory study of strategic persistence following radical environmental
change." Academy of Management Journal, 837-853.
Cho, T.S. &
Hambrick, D.C., 2006. "Attention as the mediator between top management
team characteristics and strategic change: The case of airline deregulation."
Organization Science, 453-469.
Li, Q., Maggitti,
P.G., Smith, K.G., Tesluk, P.E., & Katila, R., 2013. "Top management
attention to innovation: The role of search selection and intensity
in new product introductions." Academy of Management Journal, 893-916.
15. Student Research