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Strategy Under The Microscope: Strategic Management And It In Financial Services

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  • David Knights
  • Glenn Morgan

Abstract

This article subjects the organizational theory literature on corporate strategy to critical scrutiny, arguing that both the ‘rational’and ‘processual’approaches to strategy generate analyses that are ahistorical and theoretically undeveloped. In their place, but focusing specifically on the financial services, we offer an alternative genealogically informed analysis. This indicates how the historical development of strategy discourses and practices are discontinuous and uneven across countries, sectors, companies and specialist spheres. In addition it suggests that corporate strategy has considerable impact on inter‐organizational relations and both ‘internal’(i.e. management and employees) and ‘external’(i.e. consumers) members of the organization. the article seeks to illustrate its arguments both at the sectoral level by examining the development of strategic discourse in banks and insurance companies and at the organizational level by providing some case study material on IT strategy in a life insurance company.

Suggested Citation

  • David Knights & Glenn Morgan, 1995. "Strategy Under The Microscope: Strategic Management And It In Financial Services," Journal of Management Studies, Wiley Blackwell, vol. 32(2), pages 191-214, March.
  • Handle: RePEc:bla:jomstd:v:32:y:1995:i:2:p:191-214
    DOI: 10.1111/j.1467-6486.1995.tb00340.x
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    Cited by:

    1. Florence Allard-Poesi & Thomas Loilier, 2009. "Qu'est-ce que la critique en Sciences du Management ? Que pourrait-elle être ?," Post-Print hal-00738076, HAL.
    2. Thibaut Bardon & Stewart Clegg & Emmanuel Josserand, 2012. "Exploring identity construction from a critical management perspective: a research agenda," Post-Print hal-00949864, HAL.
    3. Florence Allard-Poesi & Olivier Germain & Isabelle Huault & Gérard Koenig, 2015. "Are organization studies well inspired? Four views [Les théories des organisations sont-elles bien inspirées ? Quatre regards]," Post-Print hal-01123814, HAL.
    4. Massimo Sargiacomo, 2009. "Michel Foucault, Discipline and Punish: The Birth of the Prison," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 13(3), pages 269-280, August.
    5. Isabelle Huault & Véronique Perret, 2009. "Extension du domaine de la stratégie," Post-Print halshs-00506578, HAL.
    6. Juan Javier Saavedra Mayorga, 2009. "Descubriendo el lado oscuro de la gestión: los critical management studies o una nueva forma de abordar los fenómenos organizacionales," Revista Facultad de Ciencias Económicas, Universidad Militar Nueva Granada, December.
    7. repec:dau:papers:123456789/3626 is not listed on IDEAS

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