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Paper info: Network Approach To Strategic Management - Exploration To The Emerging Perspective

Title


Network Approach To Strategic Management - Exploration To The Emerging Perspective

Authors


Aino Halinen
Turku School of Economics and Business Administration
Finland
Aino Halinen and
Joni Tikkanen
Turku School of Economics and Business Administration
Finland
Joni Tikkanen

Place of Publication


The paper was published at the 19th IMP-conference in Lugano, Switzerland in 2003.

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Abstract


The traditional strategic management theories have strong emphasis on accumulating and controlling resources within a single firm. However, the shift towards increasingly networked business environments raises a question whether these theories can still be considered as valid. Most organizations have limitations in terms of resources they can possess internally and hence need to develop a range of external linkages to gain access to needed resources. In this paper, existing strategic management perspectives are analysed from the point of view of how they have integrated the idea of interorganizational networks into strategy theorizing. The analysis reveals that only few researchers, mainly from two research areas ? the industrial network theory (IMP) and strategic network research ? have touched the issue. Moreover, combining the idea of networks and strategic management is still an emerging and rather amorphous perspective. The authors argue that the strategic management field would definitely benefit from cross-fertilisation of ideas and thus propose a synthesis towards a network approach to strategic management, together with implications for further research.