2013/04/12 by Nicolai J. Foss, Siegwart Lindenberg · 2 citations
Social Sciences · Business, Management and Accounting · #Experimental Behavioral Economics Studies #Innovation and Knowledge Management #Management and Organizational Studies
paper · doi:10.5465/amp.2012.0103
openalex publication_date 2013/04/12 · openalex created_date 2025/10/10 · openalex updated_date 2026/08/01
Scholars increasingly seek to proffer microfoundations for macro management theory, notably strategic management theory. These microfoundations naturally revolve around human resources. We argue that proper microfoundations for strategic management theory must recognize that the management of motivation is first and foremost a matter of the management of cognitions of organizational members, an insight we found in goal-framing theory, an emerging perspective based on cognitive science, behavioral economics, and social psychology. Building on this insight, we argue that a key reason why strategic goals matter to firm performance—that is, firm-level value creation and value capture and sustained competitive heterogeneity—is that such goals influence value creation rooted in employee motivations. Unfolding this idea allows us to generate new insight into the relations among value creation, strategic leadership, and strategic goals.