Read the summary and the most important questions on Rethinking strategy. | 9780761956457 | edited by Henk W. Volberda and Tom Elfring.

• 1 Theory, Schools and Practice

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• 1.1 Schools of Thought in Strategic Management: Fragmentation, Integration or Synthesis

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• What is meant by a "school of thought?"

  A school of thought is range of thought of a specific group of researchers. Also known as an "institutionalized paradigm."

• Which three schools are the so called 'synthesising' schools?

  The boundary school, the dynamic capability school and the configurational school.

• 1.1.1 Classifying Schools of Thought

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• How many schools of thought are there as characterized by Mintzberg?

  Nine

• Who's perspective is widely seen as the "classical perspective?"

  Andrews & Ansoff

• Andrews and Ansoff were the first to give what discipline a separate profile?

  Strategic Management

• What major distinction can be made between the nine different schools?

  They are either 1) prescriptive or 2) descriptive

• Which school is responsible for the SWOT model and sees reaching a good fit between internal opportunities & external circumstances as central guidelines?

  The "design" school

• Which school is the industrial-economic angle?

  The "positioning" school

• Which school forms strategy by developing, formalizing and implementing an explicit plan?

  The "planning" school

• According the the "positioning" school, what are the three generic strategies companies in a certain industry must choose from?

  Cost-leadership, differentiation or focus