This essay argues that the field of corporate strategy is concerned with the question of how managers set and oversee the scope of their firms.
The author presents a three-part framework for answering this question, conceptualizing a telescoping set of scope-related actions and decisions that range from intra-organizational to inter-organizational to extra-organizational.
The author then uses this framework to advance an agenda for future research in corporate strategy, and to suggest ways in which future research in corporate strategy can be linked more closely to practice and policy.
Here are some questions and answers about corporate strategy:
- What is corporate strategy?
- What are the three levels of corporate strategy?
- What are some future research directions in corporate strategy?
Here are some answers to the questions above:
- Corporate strategy is the set of decisions that managers make about the scope of their firms.
- The three levels of corporate strategy are intra-organizational, inter-organizational, and extra-organizational.
- Some future research directions in corporate strategy include:
- Studying the relationship between corporate strategy and firm performance.
- Developing new frameworks for understanding corporate strategy.
- Linking corporate strategy research to practice and policy.