Abstract shortened

The development of strategic management is

explained from an evolutionary perspective on the basis of cycles of variation, selection and retention. In industry, breakthrough innovations, or technological discontinuities, initiate eras of ferment that end when a generally accepted standard, or dominant design, starts an era of incremental change.

Introduction shortened
There is a need for describing strategic management

development. The objective of this paper is to show how current directions of strategic management signal the need for new paradigms. Anderson and Tushman (1990) stated that technological progress is driven by the interaction of technical processes and community dynamics. Technological change is part of a cycle in which technological discontinuities and dominant designs mark the transitions between eras of ferment and eras of incremental change.

Technological Discontinuities and Dominant Designs (shortened)

Technological advance is characterized by socio

cultural evolutionary processes of variation, selection of an industry standard, and retention via incremental change (see Figure 1) (Tushman and Rosenkopf 1992).

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