The Interest Group focuses on the factors that govern the formation of strategies at the group, functional, business, corporate, and network levels of analysis. The area draws on diverse theories including intra-organizational evolution, bounded rationality, power/politics, organizational learning, socio-cognitive theory, organizational contingency theory, and others. Research streams encompass a broad range of phenomena, including strategic planning, strategic decision-making, strategy implementation, strategic change & renewal, consensus, politics and power in strategy-making, the role of organizational actors in strategy-making (e.g. CEO’s, top management teams, boards of directors, middle-level and operational managers), and the development of comprehensive models of strategy formation.
Emerging research streams include: the micro-practices of strategy making, the development of strategic initiatives, idea generation and creativity in strategy, the role of chance events, capability development and the role of emotions in strategy. A major role of the strategy process research area is to act as an integrative mechanism in the wider strategic management domain for the dynamics of strategic elements over time.