Management Papers
Document Type
Journal Article
Date of this Version
9-2008
Publication Source
Management Science
Volume
54
Issue
9
Start Page
1638
Last Page
1651
DOI
10.1287/mnsc.1080.0883
Abstract
Choice settings are strategic to the extent that they entail cross-sectional or intertemporal linkages. These same factors may impose daunting demands on decision makers. We develop a graph-theoretic generalization of the NK model of fitness landscapes to model the way in which policy choices may be more or less strategic. We use this structure to examine, through simulation, how fully articulated a strategy or set of policy choices must be to achieve a high level of performance and how feasible it is to offset past strategic mistakes through tactical adjustments (instead of alignment). Our analysis highlights the role of asymmetry in the interaction of strategic choices and in particular the degree to which choices vary in terms of being influential, dependent, or autonomous from other choices.
Keywords
strategic choice, activity systems, fitness landscapes, choice interactions, path dependence
Recommended Citation
Ghemawat, P., & Levinthal, D. A. (2008). Choice Interactions and Business Strategy. Management Science, 54 (9), 1638-1651. http://dx.doi.org/10.1287/mnsc.1080.0883
Included in
Business Administration, Management, and Operations Commons, Strategic Management Policy Commons
Date Posted: 27 November 2017
This document has been peer reviewed.