Business policy and strategy (BPS) is a distinct field of scholarship focused primarily on explaining heterogeneity in the behaviour and performance of organizations, in particular business firms. As a step in building legitimacy for the growing field, the BPS Division of the Academy of Management was formed in 1971. The BPS Division is a professional community of scholars dedicated to advancing the field by creating and disseminating knowledge about business policy and strategy. This entry provides a brief history of the field from a research perspective.
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