SMJ 1993 best paper award to Prahalad and Bettis

Article Abstract:

C.K. Prahalad and Richard A. Bettis became the first researchers ever to receive the Best Paper Award given by Strategic Management Journal. Their winning work is the 1986 paper entitled 'The dominant logic: a new linkage between diversity and performance.' For their efforts, Prahalad and Bettis received the $5,000 cash prize and commemorative plaques at a ceremony during the 1993 Strategic Management Society International Conference in Chicago, IL. Selection of the Prahalad Bettis paper involved the participation of about 100 strategic-management experts who were invited to make nominations of papers. Thirty individuals from this nominating body then recommended and chose one to five papers, using quality and significance on the field of strategic management as bases. Finally, five papers were chosen, out of which the Prahalad Bettis work emerged as the winner.

Achievements and awards

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Changing generic strategies: likelihood, direction, and performance implications

Article Abstract:

Five-hundred and seventy hospitals were examined to reveal whether alterations in strategy made by health care organizations in response to an environmental shift are common or rare; whether strategic planning changes follow a pattern; and whether firms that do not change strategies are less profitable than firms that do change. Research results suggest that changes in strategic planning are not rare. Results also suggest that organizations do not think that alterations in strategies are equally viable in different settings across time. Additionally, performance differences do not exist between firms that alter strategies versus those that do not.

Organizational behavior

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Internal corporate joint ventures: development processes and performance outcomes

Article Abstract:

A new administrative plan called internal corporate joint ventures is described. Internal corporate joint ventures combines the internal personnel allocation of a semiautonomous unit typical of internal corporate ventures and the equity commitment found in joint ventures. The structure and performance of 53 internal corporate joint ventures in an industry-specific setting is examined. Analysis includes use of variance and process models.

Human resource management, Joint ventures, Equity (Law)

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