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Summary

Jean-Pascal Gond, Bernard Leca, Charlotte Cloutier and Alfredo Grattarola in turn introduce the ‘Economies of Worth’ (EW) perspective to strategy as practice scholars, emphasizing its critical distance from earlier forms of critical sociology and its distinctiveness from the concept of institutional logic. They clarify the EW assumptions, introduce its key concepts, and explain its usefulness for understanding the formation of social agreement in the context of disputes. Based on a review of existing EW studies, they discuss how the framework has thus far been used to analyze how actors deal with strategic pluralism and, more specifically, to investigate the social dynamics underlying strategic legitimation, strategic localization and strategic materialization. They conclude by explaining how certain key insights from economies of worth can be further leveraged to continue to advance strategy as practice research at the phenomenological, conceptual and methodological levels.

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Chapter 15 - An Economies-of-Worth Perspective on Strategy as Practice: Dealing with Strategic Pluralism through Legitimation, Localization and Materialization

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Chapter 15 - An Economies-of-Worth Perspective on Strategy as Practice: Dealing with Strategic Pluralism through Legitimation, Localization and Materialization

Summary