Some Reflections on Corporate Strategy and Corporate Governance

Research on corporate strategy is analogous to a helix, ever-circling but at the same time progressing to higher stages. The first stage was naive description. It was followed by normative or prescriptive treatment of business decisions. The next stage is sophisticated descriptions, and it will be f...

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Bibliographic Details
Published in:International Studies of Management and Organization 1979-12, Vol.9 (4), p.100-107
Main Author: Bowman, Edward H.
Format: Article
Language:English
Subjects:
Board
Boards of directors
Business structures
Chief executive officers
Committees
Corporate
Corporate governance
Corporate strategies
Finance committees
Hourglasses
Normativity
Practices
R&D
Research & development
Strategy
Teachers
Teaching
Teaching methods
Citations: Items that this one cites
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Summary:Research on corporate strategy is analogous to a helix, ever-circling but at the same time progressing to higher stages. The first stage was naive description. It was followed by normative or prescriptive treatment of business decisions. The next stage is sophisticated descriptions, and it will be followed by sophisticated prescriptions. This will let the organization know where it has been going, and it uses systematic intelligence to define a strategy for where it is going.Teaching about strategy should use metaphors, images, and concepts to help in decision making. These can help cultivate the student's systematic intelligence by encouraging interaction between the real and ideal. Profound changes are now occurring in corporate governance as directors are now more involved in corporate strategy decision-making. Increasing use of board committees to select chief executive officers may also change the practice of how decisions are made, leading to more emphasis on corporate ethics, managerial succession, and financial results.
ISSN:0020-8825
0585-7023
1558-0911
DOI:10.1080/00208825.1979.11656280