Theory, Schools and Practice - Business Policy and Strategy as a Professional Field

6 important questions on Theory, Schools and Practice - Business Policy and Strategy as a Professional Field

What does BPS stand for?

Business policy and strategy

Why was the early planning literature quickly dismissed?

It was too prescriptive

Who is widely seen to have changed the relationship between theoretical rigour and practical relevance?

Chandler
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Who developed the "split-brain" metaphor?

Mintzberg

Which theory argues that competition between actors with different rationalities will not be reconcilable unless those with power supress the differences?

Political theory

What two characteristics are seen as the principal sources of sustained competitive advantage?

Knowledge and skills

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