Models (Formalization in Strategy)

Abstract

Within the last decade, strategy has seen a marked increase in the number of papers that derive theoretical claims from formal methods. Previously, the use of formal models in strategy was virtually non-existent. This entry examines the benefits and drawbacks of formal models in juxtaposition with natural language methods of theory construction (the latter of which form the backbone of strategy’s traditional theoretical canon). It then describes the desirable features of model-based contributions in strategy. The primary focus is upon mathematical methods (as opposed to computation simulation). Finally, the entry highlights some relevant examples from the recent literature.

This entry was originally published on Palgrave Connect under ISBN 978-1-137-49190-9. The content has not been changed.