Strategy, Innovation and Entrepreneurship – An Introductory Overview Over Relevant Perspectives

British Academy of Management Annual Conference, Oxford 2005

EAEPE Annual Conference, Bremen, 2005

Posted: 5 Apr 2010

See all articles by Carl Henning Reschke

Carl Henning Reschke

Institute for Management Research Cologne

Sascha Kraus

Hochschule Liechtenstein

Date Written: November 10-12, 2005

Abstract

The paper extends the argument (Reschke 2005b,c,d; Reschke and Kraus 2005) that strategy and strategic management can be seen as elements of a process of social evolution based on a model of systemic evolution that considers feedback on developments from the perception of actors.

After introducing our perspective on strategy, we introduce theoretical perspectives from economics, evolutionary biology and psychology in section two. In the third section we build a link between micro and macro-levels based on an evolutionary conception of organisational change and the impact of perception giving rise to an evolutionary learning model. In section four we develop an evolutionary model of economic competition, which is based on population ecology. Here, evolutionary developments are seen as a result of strategizing by actors. We argue that this process can give rise to a baseline model of industry evolution and its deviations. We link the foregoing discussion to strategic management.

Keywords: strategy, innovation, entrepreneurship, evolutionary economics, strategic management, learning, social evolution, model

Suggested Citation

Reschke, Carl Henning and Kraus, Sascha, Strategy, Innovation and Entrepreneurship – An Introductory Overview Over Relevant Perspectives (November 10-12, 2005). British Academy of Management Annual Conference, Oxford 2005, EAEPE Annual Conference, Bremen, 2005, Available at SSRN: https://ssrn.com/abstract=1584856

Carl Henning Reschke (Contact Author)

Institute for Management Research Cologne ( email )

Mainzer Str. 80
Cologne, 50678
Germany

HOME PAGE: http://www.imfk.de

Sascha Kraus

Hochschule Liechtenstein ( email )

Fürst Franz Josef Strasse
Vaduz, 9490
Liechtenstein

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