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• W2147624456 abstract "This article identifies key features of the strategy concept as a basis for reviewing existing theories of strategy. It also provides an agenda for future research. the article argues that there is a decision hierarchy in a firm, and defines strategy as the highest-level decision in the hierarchy. Consequently, strategy has to exhibit what may be called three features of dominance: vertical dominance, horizontal dominance, and dynamic dominance. A vertically dominant strategy is one that determines, directly or indirectly, other decisions of a firm. A horizontally dominant strategy seeks to optimize the value of the firm according to some criteria. Dynamic dominance implies that strategy should affect the subsequent decisions of a firm over a relevant period of time. With few exceptions, existing theories of strategy are issue-oriented and focus largely on horizontal dominance. More research should, therefore, be directed towards vertical and dynamic dominance criteria. If a comprehensive theory of strategy which satisfies the three dominance features cannot be developed, it is suggested that development should be directed towards integrating behavioural and economic approaches." @default.
• W2147624456 created "2016-06-24" @default.
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• W2147624456 date "1994-03-01" @default.
• W2147624456 modified "2023-10-16" @default.
• W2147624456 title "Developing Theories of Strategy Using Dominance Criteria" @default.
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• W2147624456 doi "https://doi.org/10.1111/j.1467-6486.1994.tb00772.x" @default.
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