A1 Journal article (refereed)
Chance, Strategy and Change : The Structure of Contingency in the Evolution of the Nokia Corporation, 1986–2015 (2023)

Aspara, J., Lamberg, J.-A., Sihvonen, A., & Tikkanen, H. (2023). Chance, Strategy and Change : The Structure of Contingency in the Evolution of the Nokia Corporation, 1986–2015. Academy of Management Discoveries, 9(4), 469-496. https://doi.org/10.5465/amd.2019.0067

JYU authors or editors

Publication details

All authors or editors: Aspara, Jaakko; Lamberg, Juha-Antti; Sihvonen, Antti; Tikkanen, Henrikki

Journal or series: Academy of Management Discoveries

eISSN: 2168-1007

Publication year: 2023

Publication date: 12/01/2023

Volume: 9

Issue number: 4

Pages range: 469-496

Publisher: Academy of Management

Publication country: United States

Publication language: English

DOI: https://doi.org/10.5465/amd.2019.0067

Publication open access: Not open

Publication channel open access: Channel is not openly available

Publication is parallel published (JYX): https://jyx.jyu.fi/handle/123456789/92772

Publication is parallel published: https://harisportal.hanken.fi/en/publications/chance-strategy-and-change-the-structure-of-contingency-in-the-ev

Abstract

Earlier research has analyzed how chance influences strategic choices, yet it has largely ignored the processes that chance events generate. We address this issue by analyzing how chance events and political dynamics co-produce strategic change. We study the history of the Nokia Corporation between 1986 and 2015, focusing on the event structures that led to the divestment of core businesses on two separate occasions. Our findings show how chance events and resulting political dynamics generate periods of collective indeterminacy where multiple, competing strategic scenarios become apparent. These emerge either directly from chance events or indirectly from political dynamics as coalitions translate chance events into their preferred scenarios. The search for a new strategic direction then ensues through the emergence and elimination of alternative scenarios until an acceptable scenario is converged upon, ending the period of collective indeterminacy.

Keywords: enterprises; history; strategic planning; scenarios; strategic leadership; chance; corporate strategies

Free keywords: Nokia

Contributing organizations

Ministry reporting: Yes

Reporting Year: 2023

Preliminary JUFO rating: 3