Purpose – The aim is to present, explain and illustrate an improved method for decomposing an event‐based change in market value into its cash flow and risk elements. Design/methodology/approach – The approach is two‐fold. There is an algebraic comparison of the existing and improved...

Purpose – The purpose of this conceptual paper is to address the lack of consistent means through which business strategies are identified and discussed across theoretical perspectives in the field of business strategy. Design/methodology/approach – A stakeholder‐based approach is used to...

Purpose – This paper aims to call attention to the relative neglect in strategic decision‐making research to include a sense dimension, proposing a broadened conceptualization of strategic decision making that accounts for the processes through which managers generate sense when exposed to...

Purpose – This paper aims to propose a method for the longitudinal analysis of the environment considering both firms' and environmental variables. Design/methodology/approach – The study is based on a sample of firms in Canary Islands (Spain) for 2000 and 2003. Managerial perceptions are...

Purpose – The purpose of this paper is to demonstrate the importance of institutional innovation in managing the future. Peter Drucker has encouraged managers to develop institutional innovations in order to reach organizational objectives. These institutional innovations revolve round the...

Purpose – This paper seeks to argue that managers need to apply a holistic and long‐term approach in their understanding of strategic alliances' paradigms to inform decisions. Owing to the complexity of strategic alliance scenarios it is often a difficult task for management to know what...

Purpose – This paper aims to explore the strategy development process followed by firms during the current economic and financial crisis through the relationship between changes in performance measures and strategic success factors. Design/methodology/approach – A survey to executives of...

Purpose – The purpose of this paper is to develop and validate a model of how cognitive biases and framing effects influence managerial decision‐making about strategic initiatives. Design/methodology/approach – Because the author was interested in understanding real‐world practices about...

Purpose – The strategic management literature lacks a comprehensive explanation as to why seemingly similar business models in the same industry perform differently. This paper strives to explain this phenomenon. Design/methodology/approach – The model is conceptualized and accompanied by a...

Purpose – The purpose of this paper is to outline a growth strategy and a conceptual model for large consumer packaged goods (CPG) firms that involves venturing with brand entrepreneurs to access innovative or disruptive new brands called “strategic brand venturing” (SBV). It aims to...