The Dan and Mary Lou Schendel Best Paper Prize

Past Award Recipients

Open for Innovation: The Role of Openness in Explaining Innovation Performance Among Manufacturing Firms
By: Keld Laursen and Ammon Salter
Volume 27, Issue 2

Value Creation in Innovation Ecosystems: How the Structure of Technological Interdependence Affects Firm Performance in New Technology Generations 
By: Ron Adner and Rahul Kapoor
Volume 31, Issue 3

Do Formal Contracts and Relational Governance Function as Substitutes or Complements?
by: Laura Poppo and Todd Zenger
Volume 23, Issue 8

How Much Does Industry Matter, Really?
by: Anita M. McGahan and Michael E. Porter
Volume 18, Issue S1

Strategic Alliances and Interfirm Knowledge Transfer
by: David C. Mowery, Joanne E. Oxley, and Brian Silverman

Technological Acquisitions and the Innovation Performance of Acquiring Firms: A Longitudinal Study
by: Gautam Ahuja and Riitta Katila

Capabilities, Cognition, and Inertia: Evidence from Digital Imaging
by: Mary Tripsas and Giovanni Gavetti

Alliances and Networks
by: Ranjay Gulati

Cognitive Change, Strategic Action, and Organizational Renewal
by: Pamela Barr, Larry Stimpert, and Anne Hufff

Strategizing, Economizing, and Economic Organization
by: Oliver Williamson

Towards an Attention-Based View of the Firm
by: William Ocasio

Measuring Competence? Exploring Firm Effects in Pharmaceutical Research
by: Rebecca M Henderson and Iain M. Cockburn

Why do Firms Differ, and How Does it Matter
by: Richard Nelson

Understanding Dynamic Capabilities
by: Sidney Winter

Structuring Cooperative Relationships Between Organizations
by: Peter Smith Ring and Andy Van De Ven

Dynamic Capabilities: What Are They?
by: Kathy Eisenhardt and Jeff Martin

Toward A Knowledge-Based Theory Of The Firm" and "Making Knowledge The Basis Of A Dynamic Theory Of The Firm
by: Robert M Grant and J-C Spender

Of Strategies, Deliberate and Emergent
by: Henry Mintzberg and James A Waters

Exploring Internal Stickiness: Impediments to the Transfer of Best Practice within the Firm
by: Gabriel Szulanski

Dynamic Capabilities and Strategic Management
by: David J Teece, Gary Pisano, and Amy Shuen

The Myopia of Learning
by: Daniel A Levinthal and James G March

Core Capabilities and Core Rigidities: A Paradox in Managing New Product Development
by: Dorothy Leonard

Strategic Assets and Organizational Rent
by: Raphael Amit and Paul J H Schoemaker

The Cornerstones of Competitive Advantage: A Resource-Based View
by: Margaret A Peteraf

Joint Ventures: Theoretical and Empirical Perspectives
by: Bruce Kogut

How Much Does Industry Matter?
by: Richard P Rumelt

First-Mover Advantages
by: Marvin B Lieberman and David B Montgomery

Configurations of Strategy and Structure: Towards a Synthesis
by: Danny Miller

A Resource-based View of the Firm
by: Birger Wernerfelt

The Dominant Logic: A New Linkage Between Diversity and Performance
by: C K Prahalad and Richard A Bettis

Award Overview

In 1993, approximately 13 years after the Strategic Management Journal was launched, an annual best paper prize was established by co-sponsors Wiley and the Strategic Management Society to honor substantial work published in the SMJ. The award is for a paper published five or more years prior to the recognition. This delay allows time for the impact of papers to be assessed in terms of citations and influence of the paper on teaching, research, and/or practice. Once eligible, a paper remains eligible until selected as the best paper. Continued eligibility allows recognition to be made for those insights and findings that sometimes occur before their time and only become widely recognized as significant until other work is published.

The award committee consists of the Editorial Board of the Strategic Management Journal.

Authors of the winning paper receive a monetary award of US $5,000. The award is given and the author(s) are recognized at the SMS Annual Conference and are invited to participate in the SMS Awards & Honors Webinar Series.

2022 Dan and Mary Lou Schendel Best Paper Prize Recipient

The Dynamic Resource‐Based View: Capability Lifecycles

Constance E. Helfat, Margaret A. Peteraf
Volume 24, Issue 10

We are delighted to award the 2022 Dan and Mary Lou Schendel Best Paper Prize to Constance Helfat and Margaret Peteraf for “The Dynamic Resource-Based View: Capability Lifecycles.” Published in 2003, this outstanding paper is a seminal contribution to the capabilities and resource-based literatures. By introducing the concept of the capability lifecycle, this study facilitated the development of a dynamic resource-based theory – notably, through rigorous explication of the link between evolution of organizational capabilities and the existence of heterogeneity in resources across firms. These ideas have been enormously influential in strategic management; not surprisingly, this is one of the most highly cited articles published in Strategic Management Journal over the last 20 years. This article also appears on syllabi of graduate courses in strategy throughout the world. Congratulations, Connie and Margie!

Learn More About the Authors!

picture of Constance Helfat
Constance Helfat
Tuck School of Business at Dartmouth
picture of Margaret Peteraf
Margaret Peteraf
Dartmouth College