The Dan and Mary Lou Schendel Best Paper Prize

Past Award Recipients

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.

2021 Dan and Mary Lou Schendel Best Paper Prize Recipient

Open for Innovation: The Role of Openness in Explaining Innovation Performance among Manufacturing Firms

Keld Laursen and Ammon Salter
Volume 27, Issue 2

We are delighted to award the 2021 Dan and Mary Lou Schendel Best Paper Prize to Keld Laursen and Ammon Salter for “Open for Innovation: The Role of Openness in Explaining Innovation Performance among Manufacturing Firms.” Published in 2006, this outstanding paper was a pioneering study in the then-nascent area of open innovation. Empirically, it was among the first to examine open innovation through a large-sample study. Theoretically, the authors persuasively decomposed external search into breadth- and depth-related components, each of which has a distinct effect on innovative outcomes. This paper has proven to be a key linchpin in the evolution of the open innovation literature. Not surprisingly, it is one of the most highly cited articles published in Strategic Management Journal over the last 15 years, and appears on numerous syllabi of graduate courses in technology strategy. Congratulations, Keld and Ammon!

Learn More About the Authors!

picture of Keld Laursen
Keld Laursen
Copenhagen Business School
picture of Ammon Salter
Ammon Salter
University of Bath

Sponsored by the  SMJ Best Paper Prize Award
November 30 from 11:00am to 12:00pm EST (UTC -5)

Open innovation and external search for innovation has become a critical value creation and capture strategy among business firms over recent decades. Keld Laursen's and Ammon Salter's 2006 award-winning SMJ article “Open for Innovation: The role of openness in explaining innovative performance among UK manufacturing firms” addressed the issue of how open innovation in terms of search breadth and depth can help explain firms’ innovative performance at different levels of novelty, when factoring in the firms’ overall R&D strategy.

In this seminar, Laursen and Salter take their 2006-paper as a starting point and reflect on why open innovation remains of critical importance for firms pursuing an innovation strategy. They will explore why the paper became influential, discussing the research streams that preceded it and that have followed it. We highlight new research questions that emerge from this body of work, exploring the need to consider more carefully both social context and the individual-level in the analysis of open innovation. Finally, they will outline some important implications of recent research on open innovation for business practice, highlighting the "dark" side of openness with respect to who controls key resources and captures value.

*This webinar is open to all 2021 and 2022 Members of the Strategic Management Society. You can learn more and become a member here:

Please note that the SMS Office will review your membership status prior to Zoom sending a registration confirmation with the details on how to join.