Strategic Impact : How Corporate Strategists Create Value

Value creation through the corporate strategy function (CSF) and its measurement has received little attention in strategic management research. This article should fill this gap by starting to develop the Strategic Impact Measure (SIM). Applying the strategy as practice perspective and drawing on an in depth case study of a global multi-business automotive company (AutoCorp) with empirical evidence of 43 interviews, we find that strategic impact is a collective and multidimensional construct consisting of a relational, cognitive and functional dimension. The extent of these dimensions is reflected in the four strategic impact levels ‘power', ‘rush', ‘poor', and ‘routine'. After having inductively developed the construct strategic impact from the data, we pilot measured the SIM at AutoCorp and validated the results in an exploratory factor analysis.

-> nominated for Practical Implications Award