engleski

Review of Theories in Strategic Management field-toward the Creation of Schools of Strategic Management

The article offers an extensive overview of the body of strategic management literature from the early stages of development up to the most recent advancements. The review of theories is grouped according to the author's classification of schools of strategic management based on two criteria ; time horizon and the role of the top manager in the process of strategic management. The essence of strategic management is the process of strategic management which could be viewed in a variety of ways, perspectives forming shared but distinctive paradigms. The proposed classification and the review of theories is the qualitative solid ground for the more advanced quantitative research. The review is supported by the list of major contributions, years and names of the publications combined with a short description of focus of the specific school of strategic management. The further research should be directed toward the more empirical, thus quantitative study which could justify the underlying logic of the theoretically proposed four schools of strategic management.

strategic management; theories; schools of strategic management

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