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    Rights statement: This is the author’s version of a work that was accepted for publication in Critical Perspectives on Accounting. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Critical Perspectives on Accounting, 73, 2020 DOI: 10.1016/j.cpa.2020.102171

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Karl Polanyi on strategy: the effects of culture, morality and double-movements on embedded strategy

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Karl Polanyi on strategy : the effects of culture, morality and double-movements on embedded strategy. / Faulconbridge, James Robert; Muzio, Daniel.

In: Critical Perspectives on Accounting, Vol. 73, No. December 2020, 102171 , 01.12.2020.

Research output: Contribution to Journal/MagazineJournal articlepeer-review

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Faulconbridge JR, Muzio D. Karl Polanyi on strategy: the effects of culture, morality and double-movements on embedded strategy. Critical Perspectives on Accounting. 2020 Dec 1;73(December 2020):102171 . Epub 2020 Mar 31. doi: 10.1016/j.cpa.2020.102171

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Faulconbridge, James Robert ; Muzio, Daniel. / Karl Polanyi on strategy : the effects of culture, morality and double-movements on embedded strategy. In: Critical Perspectives on Accounting. 2020 ; Vol. 73, No. December 2020.

Bibtex

@article{b7aa922a8f10475bb0034f298b01faa3,
title = "Karl Polanyi on strategy: the effects of culture, morality and double-movements on embedded strategy",
abstract = "Karl Polanyi is arguably one of the most significant economic sociologists. At first glance the links between Polanyi{\textquoteright}s ideas about markets, society and institutions and strategy may not be obvious. However, there is a hereto unrecognised link between recent writing about institutions and strategy and Polanyi{\textquoteright}s work. In this paper we, therefore, chart how, when recognised, these links reveal that Karl Polanyi{\textquoteright}s work might provide new ways of thinking about strategy. Our over-riding claim is that Polanyi{\textquoteright}s ideas reveal the importance of considering how strategies are defined, responded to, and ultimately rendered effective or ineffective in ways that are determined by relationships between markets, the state and society. It is thus crucial to understand strategy as embedded, this implying consideration of a strategy{\textquoteright}s legitimacy in economy and society as an instituted process at any particular place and time. This also implies wider political questions about strategy in society and the extent to which strategists need to be aware of the {\textquoteleft}double movement{\textquoteright} Polanyi discusses and ensure strategies serve the interests of society as well as those of the market. ",
keywords = "Polanyi, Strategy, Law firms, Globalization, Double movement",
author = "Faulconbridge, {James Robert} and Daniel Muzio",
note = "This is the author{\textquoteright}s version of a work that was accepted for publication in Critical Perspectives on Accounting. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Critical Perspectives on Accounting, 73, 2020 DOI: 10.1016/j.cpa.2020.102171",
year = "2020",
month = dec,
day = "1",
doi = "10.1016/j.cpa.2020.102171",
language = "English",
volume = "73",
journal = "Critical Perspectives on Accounting",
issn = "1045-2354",
publisher = "Academic Press Inc.",
number = "December 2020",

}

RIS

TY - JOUR

T1 - Karl Polanyi on strategy

T2 - the effects of culture, morality and double-movements on embedded strategy

AU - Faulconbridge, James Robert

AU - Muzio, Daniel

N1 - This is the author’s version of a work that was accepted for publication in Critical Perspectives on Accounting. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Critical Perspectives on Accounting, 73, 2020 DOI: 10.1016/j.cpa.2020.102171

PY - 2020/12/1

Y1 - 2020/12/1

N2 - Karl Polanyi is arguably one of the most significant economic sociologists. At first glance the links between Polanyi’s ideas about markets, society and institutions and strategy may not be obvious. However, there is a hereto unrecognised link between recent writing about institutions and strategy and Polanyi’s work. In this paper we, therefore, chart how, when recognised, these links reveal that Karl Polanyi’s work might provide new ways of thinking about strategy. Our over-riding claim is that Polanyi’s ideas reveal the importance of considering how strategies are defined, responded to, and ultimately rendered effective or ineffective in ways that are determined by relationships between markets, the state and society. It is thus crucial to understand strategy as embedded, this implying consideration of a strategy’s legitimacy in economy and society as an instituted process at any particular place and time. This also implies wider political questions about strategy in society and the extent to which strategists need to be aware of the ‘double movement’ Polanyi discusses and ensure strategies serve the interests of society as well as those of the market.

AB - Karl Polanyi is arguably one of the most significant economic sociologists. At first glance the links between Polanyi’s ideas about markets, society and institutions and strategy may not be obvious. However, there is a hereto unrecognised link between recent writing about institutions and strategy and Polanyi’s work. In this paper we, therefore, chart how, when recognised, these links reveal that Karl Polanyi’s work might provide new ways of thinking about strategy. Our over-riding claim is that Polanyi’s ideas reveal the importance of considering how strategies are defined, responded to, and ultimately rendered effective or ineffective in ways that are determined by relationships between markets, the state and society. It is thus crucial to understand strategy as embedded, this implying consideration of a strategy’s legitimacy in economy and society as an instituted process at any particular place and time. This also implies wider political questions about strategy in society and the extent to which strategists need to be aware of the ‘double movement’ Polanyi discusses and ensure strategies serve the interests of society as well as those of the market.

KW - Polanyi

KW - Strategy

KW - Law firms

KW - Globalization

KW - Double movement

U2 - 10.1016/j.cpa.2020.102171

DO - 10.1016/j.cpa.2020.102171

M3 - Journal article

VL - 73

JO - Critical Perspectives on Accounting

JF - Critical Perspectives on Accounting

SN - 1045-2354

IS - December 2020

M1 - 102171

ER -