Conceptual underpinnings: theory selection in strategic management research

Tianyu Hou*, Julie Juan Li

*Corresponding author for this work

Research output: Journal Publications and ReviewsRGC 21 - Publication in refereed journalpeer-review

1 Citation (Scopus)

Abstract

Purpose – Theories are crucial for addressing research questions and advancing the boundaries of knowledge. However, in the field of strategic management, the existence of diverse schools of thought from various disciplines, including economics, politics, and sociology, poses significant challenges for researchers seeking to develop theories for argumentation and theorization. In this study, we have conceptualized a novel approach to selecting an appropriate theory for addressing specific research questions.
Design/methodology/approach – Thought experiment, disciplined imagination, and a conceptual examination of a diverse set of theories.
Findings – Because the central focus in the field of strategic management revolves around how firms achieve sustainable high performance, a research question should initially clarify the fundamental phenomenological issues it aims to address. Subsequently, the process of problematization should identify the ontological assumptions and premises that establish a connection between the research question and existing theories. Finally, the identification and abstraction of rhetorical concepts derived from these assumptions and premises lead to theory selection criteria, namely connectedness, reliability, parsimoniousness, and falsifiability.
Research limitations/implications – Although we believe that our model for theory selection is generalizable to a wide range of management disciplines, we have primarily focused on its application in the field of strategic management. Future work could validate and further explore the applicability and effectiveness of this model in selecting appropriate theories for conceptual development in other domains.
Originality/value – While many researchers have proposed methods for writing theoretical papers, few have provided suggestions specifically focused on theory selection. This paper stands out as one of the few that not only attempts to address this gap but successfully develops a comprehensive model for theory selection.
© Emerald Publishing Limited.
Original languageEnglish
Pages (from-to)3761-3781
JournalManagement Decision
Volume62
Issue number12
Online published29 May 2024
DOIs
Publication statusPublished - 12 Dec 2024

Research Keywords

  • Ontology
  • Phenomenology
  • Rhetoric
  • Strategic management theories

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