Construct · 4 names · 6 citations
Different names. Different fields. One construct. One map.
● jangle · one construct, many names Nearest construct by meaningstrategic entrepreneurshipcompare the meaningsEvery construct on the map is compared with every other by the meaning of its definitions, and the closest one is surfaced here. The nearest construct to strategic renewal is strategic entrepreneurship.
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The integrative definition of strategic renewal as the process, content, and outcome of refreshment or replacement of the attributes of an organization that have the potential to substantially affect its long-term prospects. Agarwal and Helfat set out this framing in their 2009 Strategic renewal of organizations in Organization Science, treating renewal as how an established firm keeps or rebuilds the basis of its competitive advantage as its environment shifts. The referent is the whole change in what underpins advantage, whether in products, markets, capabilities, or business model, judged by whether the firm's long-term prospects are affected. This framing sits above the narrower traditions on this page: it is broader than renewal treated as one branch of corporate entrepreneurship, and it is a construct about adaptation of an existing firm, not the joint opportunity-seeking and advantage-seeking that the strategic-entrepreneurship label names.[1]
Strategic renewal as it appears inside the corporate-entrepreneurship literature, where it names one of two branches of entrepreneurial activity within an existing firm. Guth and Ginsberg's 1990 introduction to a Strategic Management Journal special issue split corporate entrepreneurship into the birth of new businesses and the transformation of the firm through renewal of its key ideas. Zahra's 1991 Predictors and financial outcomes of corporate entrepreneurship then measured renewal as one dimension of a firm-level index alongside innovation and venturing, scoring efforts to redefine the firm's mission, reorganize, and reconfigure its business. In this tradition renewal is a sub-part of a larger entrepreneurship construct and is scored on survey items nested under it, which is narrower than Agarwal and Helfat's stand-alone definition and different again from the change-and-inertia framing and the multilevel-process framing the other traditions bring.[2][3]
Strategic renewal framed as the outcome of a contest between forces that push a firm to change and forces that hold it in place. Huff, Huff, and Thomas's 1992 Strategic renewal and the interaction of cumulative stress and inertia, in Strategic Management Journal, modelled renewal as happening when accumulated stress from a growing misfit between strategy and environment finally overcomes the inertia built up by past commitments and past success. Here the construct is a shift in a firm's strategy, explained by the build-up and release of pressure over time rather than by entrepreneurial initiative. This framing foregrounds organizational change and adaptation under inertia, a different emphasis from renewal as a branch of corporate entrepreneurship, from the broad refreshment definition, and from renewal read as a managed process spread across the levels of the firm.[4]
Strategic renewal framed as an ongoing process that has to be organized and managed across the levels of a firm. Floyd and Lane's 2000 Strategizing throughout the organization, in the Academy of Management Review, treated renewal as a multilevel process in which operating, middle, and top managers play different roles, and argued that role conflict among them is the central management problem of renewal. Volberda, Baden-Fuller, and van den Bosch's 2001 Mastering strategic renewal, in Long Range Planning, described renewal as a journey that firms must mobilise and steer, tied to the capacity to keep reconfiguring resources. In this tradition renewal is a capability-driven, managed activity, close to the dynamic-capabilities view of continual reconfiguration, and it foregrounds who does the renewing and how, rather than the definition of the outcome, the branch of entrepreneurship, or the stress-and-inertia trigger the other traditions stress.[5][6]
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