The past 50 years have witnessed increasing efforts by academics and practitioners globally to deepen the understanding of the nature, sources, and determinants of strategic management practices and theories [1]. Research seeks to map, measure, and expand our understanding of how strategic initiatives are integrated into the economic system. Initially influenced by foundational theories [2], this field has grown from a specialized focus at the edges of economics and sociology into a major area of interest encompassing economics, sociology, and social psychology. Over time, the study of strategic management has become more comprehensive and sophisticated [3]. This chapter aims to provide a concise overview of the key insights that have emerged from this body of research.
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