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Strategy as diligence: Putting behavioral strategy into practice

Abstract:
Researchers in behavioral strategy are producing new insights on strategic decision making. At the same time, a few pioneering companies are discovering ways to put behavioral strategy into practice. This paper draws on behavioral research and strategy practice to present an approach called diligence-based strategy. In markets comprised of people rather than rational economic agents, the analysis of competitive advantages matters less than the diligent execution of fundamental activities. Diligence-based strategyoffers an applied method for formulating and executing strategy in organizations, showing how managers can leverage technology and management discipline to drive business success in the 21st century.
Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1177/0008125617707975

Authors

More by this author
Institution:
University of Oxford
Division:
SSD
Department:
Said Business School
Role:
Author


Publisher:
SAGE Publications
Journal:
California Management Review More from this journal
Volume:
59
Issue:
3
Pages:
162-190
Publication date:
2017-05-01
Acceptance date:
2016-10-31
DOI:
EISSN:
2162-8564
ISSN:
0008-1256


Keywords:
Pubs id:
pubs:657133
UUID:
uuid:d35a1dea-bd10-4afd-906d-28f21be3f99d
Local pid:
pubs:657133
Source identifiers:
657133
Deposit date:
2016-11-04
ARK identifier:

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