Major Theories of Business Strategy
This chapter summarizes some of the most influential theories of business strategy, tracing their intellectual development within the strategic literature. A framework for comparing and contrasting the different theories of business strategy is introduced by categorizing individual theories into four dominant theoretical paradigms: product/market-based, industry-based, resource-based, and competition-based theories. Key thought leaders, basic premises, and limitations of each strategy are discussed.
Keig, D. and Brouthers, L.E. (2013). Major Theories of Business Strategy. In T.J. Wilkinson (Ed.), Strategic Management in the 21st Century (Vol. 3). Santa Barbara, CA: ABC-CLIO.