The LBS academic was recognised for his insights into new business models and industry architecture
A leading London Business School (LBS) academic has won the Theory to Practice Strategy Award for his insights into developing strategies in changing business environments.
Michael G Jacobides, Associate Professor of Strategy and Entrepreneurship at LBS, received the accolade at the 2018 Vienna Strategy Summit (Wiener Strategieforum).
The judges were impressed with Dr Jacobides’ findings on the emergence of new business models and industry architecture, and the important role of ecosystems. They also appreciated his fresh perspective on the significant changes shaping today’s business and industrial landscape, such as the digital revolution.
Speaking about his research, Dr Jacobides said: “Today’s market, business and employment mutability, produced in large measure by the introduction of new technologies and attendant changes in people and institutions, is self-evident.
“What is less well-understood by these rapid reconfigurations is how we can navigate in this shifting environment. From finding new ways to describe the competitive environment to identifying how value moves around in business ecosystems and platforms, to articulating the organisational change agenda for today’s incumbents or aspiring challengers, there is a rich agenda for those of us studying organisations, sectors and technology.”
The annual Theory to Practice Strategy Award honours an eminent scholar whose important contributions have provided business practitioners with profound new insights into strategy and innovation. It was introduced by the Wiener Strategieforum to encourage the transfer of conceptual ideas to the business community.
The summit was established by the Vienna Strategy HUB, itself a spin-off of the Vienna University of Economics and Business. The annual event connects theory and practice in the field of strategic management and provides a platform for ‘know-how exchange’.