The paper extends the argument (Reschke 2005b,c,d; Reschke and Kraus 2005) that strategy and strategic management can be seen as elements of a process of social evolution based on a model of systemic evolution that considers feedback on developments from the perception of actors. After...

Most economic theories, which are based on concepts of equilibria and closed systems, do not sufficiently manage to describe the dynamics of the economic process. The Austrian economist Schumpeter already formulated at the beginning of the 20th century that revolutionary innovations are often...