September 2, 2021 |
Chengwei Liu, associate professor of strategy and behavioral science at ESMT Berlin, received “Best Proposal Runner Up Award” from the Strategic Management Society (SMS) for his paper “The Variance of Variance”. The paper investigates the often-overlooked role of luck in management and organizational design, promoting the applications of chance models to understand when luck is a better explanation for corporate successes.
Throughout the years, the SMS has developed several awards programs to recognize and honor those who have made significant contributions to the theory and practice of strategic management. Through these programs, the SMS distinguishes emerging scholars in different fields and the awards are targeted toward people and research that moves the study of strategic management forward.