SEJ Best Paper Prize

Past Award Recipients

Amphibious Entrepreneurs and the Emergence of Organizational Forms
By Walter W. Powell and Kurt W. Sandholtz 
Volume 6, Issue 2

Simultaneous Experimentation as a Learning Strategy: Business Model Development Under Uncertainty
by Petra Andries, Koenraad Debackere, and Bart Van Looy
Volume 7, Issue 4  

Opportunity Discovery, Entrepreneurial Action, and Economic Organization
by Peter G. Klein
Volume 2, Issue 3

What Makes a Process a Capability? Heuristics, Strategy, and Effective Capture of Opportunities
by: Christopher B. Bingham, Kathleen M. Eisenhardt and Nathan R. Furr

The Process of Creative Construction: Knowledge Spillovers, Entrepreneurship, and Economic Growth
by: Rajshree Agarwal, David Audretsch and MB Sarkar

The Accidental Entrepreneur: The Emergent and Collective Process of User Entrepreneurship
by: Sonali Shah and Mary Tripsas

Discovery and Creation: Alternative Theories of Entrepreneurial Action
by: Sharon Alvarez and Jay Barney

Award Overview

In 2014, seven years after the Strategic Entrepreneurship Journal was launched, an annual best paper award was established by co-sponsors Wiley and the Strategic Management Society to honor substantial work published in the SEJ. As with the Dan and Mary Lou Schendel Best Paper Prize, the award is for a paper published five or more years prior to the recognition. This delay allows time for the impact of papers to be assessed in terms of citations and influence of the paper on teaching, research, and/or practice. Once eligible, a paper remains eligible until selected as the best paper. Continued eligibility allows recognition to be made for those insights and findings that sometimes occur before their time and only become widely recognized as significant after other work is published.

The award committee consists of the Editorial Board of the Strategic Entrepreneurship Journal.

Authors of the winning paper receive a monetary award of US$ 5,000. The award is given and the authors are recognized at the SMS Annual Conference and are invited to participate in the SMS Awards & Honors Webinar Series.

2021 SEJ Best Paper Prize Recipient

Crafting Business Architecture: the Antecedents of Business Model Design

Raphael Amit and Christoph Zott
Volume 9, Issue 4

The 2021 SEJ Best Paper Award goes to Raphael Amit and Chris Zott for “Crafting business architecture: antecedents of business model design,” published in Volume 9, Issue 4 (December 2015. The study of business models is increasingly important in entrepreneurship and strategy research and practice and this paper deepens our understanding by shedding light on how new business models emerge. The study advances our field and offer unique insights into the entrepreneurial actions that give rise to novel business models. The paper is widely cited and has shifted the conversation on strategic entrepreneurship to consider the design and management of activity systems that span traditional organizational boundaries.

Learn More About the Authors!

picture of Raffi Amit
Raffi Amit
University of Pennsylvania
picture of Christoph Zott
Christoph Zott
IESE Business School

Sponsored by: SEJ Best Paper Prize Award
Thursday, December 2 from 11:00 am to 12:00 pm EST (UTC -5) 

Entrepreneurial leaders from around the world are taking a hard look at how to do business in the post COVID-19 era by considering the design and implementation of new business models. They are reimagining the boundary-spanning activity systems of their firms with the objective of creating value for all stakeholders. At the same time, they are also thinking about how their own firms can capture sufficient value from these new business model innovations, which complement product and process innovations. These developments heighten the need for all corporate and entrepreneurial leaders to develop a well-crafted Business Model Innovation (BMI) strategy.

In this talk, Raphael Amit and Christoph Zott will reflect on this necessity by drawing on their 2015 award-winning SEJ article “Crafting business architecture: The antecedents of business model design” and also on our recently published book, Business Model Innovation Strategy (Wiley, 2021). They will explain what BMI strategy is and how it complements traditional forms of strategy such as business or corporate strategy. They will also provide examples of business model innovators from around the world to illustrate the power of BMI strategy. Lastly, they will highlight future research opportunities in this space, and welcome questions and comments from the audience. Raphael and Christoph look forward to a lively and fruitful conversation on business model innovation!

*This webinar is open to all 2021 and 2022 Members of the Strategic Management Society. You can learn more and become a member here: 

Please note that the SMS Office will review your membership status prior to Zoom sending a registration confirmation with the details on how to join.