Strategy and Economics

Michael König*, Werner H. Hoffmann, Harald Pöcher

*Corresponding author for this work

Publication: Chapter in book/Conference proceedingChapter in edited volume


There are many ways to define strategy. Multitudinous perspectives fall into place when addressing a term used in nearly all realms of our life. We endeavor to focus exclusively on one of them, namely strategy from an economics and business administration perspective. We therefore provide an overview of the origins and main theoretical frameworks of strategy in economics and business administration, juxtapose them to the notions of strategy in a military context, unpack and address common ground, striking similarities and joint future avenues. A particular emphasis is put on uncertainty and how strategic thinking prevails in turbulent, uncertain, novel and ambiguous environments. Further, we showcase some non-military means of geo-economy and economic warfare, phenomena that gain increasing global importance. Finally, we come full circle by presenting trajectories for joint theoretical research and practical collaboration between economics and the military. Readers are equipped with references and suggestions for further in-depth readings.
Original languageEnglish
Title of host publicationStrategy and the Military
Subtitle of host publicationA Propaedeutic Approach to Military Science
EditorsWolfgang Peischel
Place of PublicationBerlin
ISBN (Print)978-3-96776-062-0
Publication statusPublished - 14 Mar 2023

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