The award is conferred in recognition of significant and enduring service that made an outstanding and distinguished contribution to the Strategic Management Society and its members.
SMS Members are invited each year to nominate deserving members for the Awards and Honors Committee to review. Nomintions include:
The recipient of this award is selected by a sub-committee appointed by the SMS Awards & Honors Committee.
We are honored to present this year’s SMS Service Award to Margarethe Wiersema of the Paul Merage School of Business, University of California, Irvine!
Margarethe F. Wiersema holds the Dean’s Professorship in strategic management at the Merage School of Business at the University of California, Irvine. She has an MBA and PhD from the University of Michigan. Professor Wiersema is an SMS fellow and former Dean of the fellows. She has an honorary doctorate from the Copenhagen Business School, was awarded the STR Irwin Educators Award in 2022 and the Distinguished PhD Alumni Award from the Ross School of Business at the University of Michigan in 2006. Professor Wiersema is internationally recognized as one of the leading experts on corporate strategy and corporate governance with more than 60 publications and over 13,000 citations and her research has appeared in the financial press. She served as Associate Editor of the Strategic Management Journal, on the board of directors of the Strategic Management Society and was Past President of the Corporate Strategy and Governance Group of SMS.
Margarethe will be recognized at the SMS Annual Conference in London and during the SMS Awards Webinar Series in the fall of 2022.
Margarethe participated in a written interview for the SMS Awards & Honors Committee. In this interview she shares many insights on her career and history with SMS.
Membership of SMS was a natural steppingstone upon graduating from the doctoral program at the University of Michigan and I attended my first SMS conference in 1989 and have participated in nearly all of them since. I was invited to join the editorial board of the Strategic Management Journal in 1994 and served as an associate editor at SMJ from 2009 until 2018. When the Interest Groups of SMS were first formed in 2005, I was elected to be the leader of the Corporate Strategy and Governance Interest group and served in that role for three years. In 2006, my fellow SMS members elected me to the Board of the Strategic Management Society and I served until 2010. In 2005, I served as co-chair of the first SMS doctoral consortium. In 2012, I became a Strategic Management Society Fellow and was elected to serve as Dean of the SMS fellows from 2018-2020.
When I first joined SMS it was a much smaller academic organization, with a deliberate effort to be international in terms of its membership and where it held its conferences. The early conferences were a conscious blend of academic and business attendees and presenters. This differs considerably from the Academy of Management or other academic organizations. At the time, SMS only published the Strategic Management Journal with Dan Schendel serving as the sole editor. Conferences were much smaller which enabled more exchange between scholars and practitioners. The growth in scholarship devoted to strategic management led to the creation of interest groups as well as an annual conference that now include workshops, as well as doctoral and junior faculty consortiums. These changes brought in more junior scholars and doctoral students into the society. The publications of SMS expanded to include Strategic Entrepreneurship Journal and Global Strategy Journal.
I thoroughly enjoy interacting with the many junior scholars I have had the privilege to collaborate with and feel we both benefit from the exchange of ideas. They are all hard working and ambitious and it is rewarding to see them prosper in their careers. Many are international scholars with whom I have kept in touch with over the years and I relish our ongoing friendships.
It is increasingly more difficult to publish in the top journals such as SMJ as the number of strategy scholars has grown domestically as well as internationally. This makes it ever more important for academic associations to provide support for junior scholars and doctoral students in their academic endeavors. One of the distinctions of SMS from other academic organizations in management has been its decades long ties to the business community. The opportunity to engage with managers is more critical today than ever as turbulent changes in the world have transformed the corporate governance and strategic landscape in which companies operate. Increased investor focus on ESG issues as well as societal expectations have clearly impacted both the strategy and the governance of companies and poses challenges for management and boards in that companies also face activist investors focused on shareholder wealth. SMS has the opportunity to be at the forefront by providing an exchange on these critical issues and thus engaging academic scholars with the pressing issues that face corporations globally.