System Dynamics in Strategic Management: A Bibliometric Study

Abstract

System dynamics is one of the most prominent approaches to strategic management. It has been proved to be a useful methodology to overcome the limitation of the strategic learning process of decision-makers. This study aims to overview the theoretical and empirical development of system dynamics in strategic management field. Furthermore, it also provides further insights that might not fully evaluated in previous studies. This study uses bibliometric approach by using citation analysis and co-citation analysis to understand evolution trends, identifying patterns, and level of adoption of the research literature related to system dynamics in strategic management. For this purpose, literature published between 1984 and 2020 were retrieved from the Scopus bibliographical database. The main findings show which articles have the most significant influence on the field of research, how the research on the field of system dynamics application in strategic management evolved over time, and what is the future direction of research on that field.