Strategic Management: Its Development and Future Directions

The field of strategic management has developed strongly in the past forty years. It has progressed significantly from its beginnings as an applied, practical capstone course in the business school curriculum to its present more rigorous state, with a strong disciplinary and academic focus on the relationship between strategies and their performance. It has also generated a highly regarded academic journal, the Strategic Management Journal (SMJ), rated second in 2002 for citations and impact in the ISI Web of Science listing of Social Science journals.