Strategy as Diligence: Putting Behavioral Strategy into Practice

Powell, Thomas (2016) Strategy as Diligence: Putting Behavioral Strategy into Practice. California Management Review. (Accepted)

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Abstract

Researchers in behavioral strategy are producing new insights on strategic decision making. At the same time, a few pioneering companies are discovering ways to put behavioral strategy into practice. This paper draws on behavioral research and strategy practice to present an approach called diligence-based strategy. In markets comprised of people rather than rational economic agents,
the analysis of competitive advantages matters less than the diligent execution of fundamental activities. Diligence-based strategy offers an applied method for formulating and executing strategy in organizations, showing how managers can leverage technology and management discipline to drive business success in the 21st century.

Item Type: Article
Keywords: Strategic management; Strategic planning; Decision making
Subject(s): Strategy
Date Deposited: 08 Nov 2016 11:39
Date of author-version deposit: 4 November 2016
Last Modified: 08 Nov 2016 11:39
Funders: N/A
URI: http://eureka.sbs.ox.ac.uk/id/eprint/6238

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