In today’s rapidly changing and interconnected world, the challenges we face are becoming increasingly complex and urgent. From climate change to political instability, we are in dire need of innovative and effective strategies to tackle these issues. As the saying goes, “Two heads are better than one,” but how can we ensure that multiple heads work together in a harmonious and productive manner?
Fortunately, a group of distinguished researchers have come together to explore this very question. In their recent article, titled “Strategizing Together for a Better World: Institutional, Paradox and Practice Theories in Conversation,” published in the Journal of Management Inquiry, Ann Langley, Rikkie Albertsen, Shahzad (Shaz) Ansari, Katrin Heucher, Marc Krautzberger, Pauline Reinecke, Natalie Slawinski, and Eero Vaara offer valuable insights on how different theoretical perspectives can be integrated to inform and enhance strategic decision-making at both organizational and societal levels.
The researchers begin by highlighting the growing importance of collaboration and cooperation among organizations to tackle complex problems and create positive change in the world. They argue that while scholars have explored the role of theory in organizational strategy, there is a lack of understanding on how diverse theories can be brought together to develop more inclusive and effective strategies. This, they believe, is a crucial step towards realizing a better world.
To address this gap, the authors identify three key theoretical perspectives – institutional, paradox, and practice – and explore how they can be integrated to inform strategizing processes. According to them, institutional theory provides a lens for understanding the broader societal context and the norms and pressures that influence organizations and their strategies. Paradox theory, on the other hand, helps us embrace and manage the tensions and trade-offs that arise when organizations are faced with competing demands. Finally, practice theory sheds light on the day-to-day activities and interactions that shape strategizing processes.
Through a series of thought-provoking discussions and examples from real-world cases, the researchers illustrate how these theoretical perspectives can complement and enrich one another. They emphasize the importance of understanding the institutional logics and pressures that influence strategic decision-making, as well as the need to embrace and manage the paradoxes and tensions that arise when multiple stakeholders are involved. The authors also highlight the significance of examining the everyday practices and interactions that shape strategizing processes, as these have a profound influence on the effectiveness and outcomes of strategies.
One of the key takeaways from the article is that integrating diverse theories can help organizations and their stakeholders gain a more holistic and nuanced understanding of complex challenges and develop more inclusive and effective strategies. By bringing together different perspectives, organizations can overcome blind spots and biases, and ensure that their strategies are not only relevant and feasible but also socially responsible and sustainable.
The researchers invite readers to join them in their journey towards creating a better world through strategizing together. They acknowledge that this is not an easy task and will require a fundamental shift in how we think about and approach strategies. However, they believe that by embracing diversity and engaging in productive conversations, we can break free from traditional silos and open ourselves to new and innovative ways of strategizing.
The article has already received significant acclaim and has been recognized as one of the most influential and relevant contributions to the field of organizational strategy. Its thought-provoking insights and practical implications have sparked interest and discussions among scholars, practitioners, and policymakers alike. The authors are pleased to see their work inspiring others and are hopeful that it will contribute towards building a better and more sustainable world.
In conclusion, the article “Strategizing Together for a Better World: Institutional, Paradox and Practice Theories in Conversation,” offers a unique and valuable perspective on strategizing processes. It not only highlights the importance of integrating diverse theoretical perspectives but also provides practical guidance on how to do so effectively. As we continue to face complex and urgent challenges, we can draw inspiration from this work and strive towards collaboratively creating a better world for all. Let us come together and bring theories into conversation for a brighter future.
