Redirecting research in business policy and strategy

Redirecting research in business policy and strategy Because business policy research has primarily been a series of inductive generalizations of case studies; theories have been typically ambiguous and untested, and have not progressed swiftly. Deductive theorizing, by contrast, yields clear, often non‐obvious conclusions that can be debated effectively and generalized slowly; so realism of current models can be sacrificed for progress towards realistic future models. Deductive theorizing, with more attention to a game‐theoretic definition of equilibrium and to recent ideas from economics, should be one new direction for policy research. Of course, these deductive models will inevitably draw their inspiration from the richness of careful observation and exhaustive checklist‐making that are the hallmarks of induction. Specific avenues for new research are described, and the importance of teaching non‐obvious theories is defended. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Strategic Management Journal Wiley

Redirecting research in business policy and strategy

Strategic Management Journal, Volume 6 (1) – Jan 1, 1985

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Publisher
Wiley
Copyright
Copyright © 1985 John Wiley & Sons, Ltd.
ISSN
0143-2095
eISSN
1097-0266
DOI
10.1002/smj.4250060102
Publisher site
See Article on Publisher Site

Abstract

Because business policy research has primarily been a series of inductive generalizations of case studies; theories have been typically ambiguous and untested, and have not progressed swiftly. Deductive theorizing, by contrast, yields clear, often non‐obvious conclusions that can be debated effectively and generalized slowly; so realism of current models can be sacrificed for progress towards realistic future models. Deductive theorizing, with more attention to a game‐theoretic definition of equilibrium and to recent ideas from economics, should be one new direction for policy research. Of course, these deductive models will inevitably draw their inspiration from the richness of careful observation and exhaustive checklist‐making that are the hallmarks of induction. Specific avenues for new research are described, and the importance of teaching non‐obvious theories is defended.

Journal

Strategic Management JournalWiley

Published: Jan 1, 1985

References

  • Corporate strategy and the concept of market failure
    Dundas, Dundas; Richardson, Richardson
  • PIMS and BCG: new horizons or false dawns?
    Wensley, Wensley

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