The Strategy Hypercube: Exploring Strategy Space Using Agent-Based Models, Lecture Notes in Computer Science 2927:182-192
For new scholars, or for practitioners interested in learning about strategic management, it can be difficult to know where to start. The following is a list of the key journals in strategy together with some thoughts on their particular strengths.
Strategic Management Journal – perhaps the premier journal within strategic management. This mainly uses statistical modelling to test hypotheses, although is open to other approaches.
Management Science – a very good journal, but one that covers many areas of management, and therefore can only devote a small number of articles to strategy papers.
Strategy Science – a new journal that combines the best of the above journals – and provides analytical approaches to strategy problems.
Agent-Based Models of a Banking Network as an Example of a Turbulent Environment: The Deliberate vs Emergent Strategy Debate Revisited is a paper that I wrote that uses an agent-based model to simulate the strategic positioning decisions of firms within a competitive environment. It links firm strategy (particularly banking strategy) to the competitive environment: where should firms locate to gain most customers given that all firms are trying to achieve the same objective, that of maximizing market share / revenue / profits? It is an interesting question, and one that is very suited to modelling the dynamics of an industry using agent-based models.
The Dynamics of Strategy is a book published by Oxford University Press (Robertson and Caldart 2010) and combines natural science models with strategic management. Chapters on networks, agent-based modelling, and dynamic economic models are used to show how strategy can be treated analytically.