This article casts in high relief the paradigmatic rigidity in strategy research by highlighting the underlying philosophical assumptions (ontological, epistemological, methodological), their advantages, and their limitations. The article discusses four philosophical paradigms that underpin strategy research. While positivism and constructivism are the dominant paradigms, critical realism and pragmatism as relevant philosophical perspectives are also discussed. Using entrepreneurial opportunity as an exemplar, the article explains how philosophical assumptions inform the researchers’ worldview and guide research within a paradigm. The article contends that (...) paradigmatic dogmatism is undesirable in any discipline, more so in a relatively young discipline such as strategic management. Rather than adhering to and nestling inside a single metatheoretical paradigm, the article calls for a more reflexive philosophical approach in strategy research to gain fresh perspectives. (shrink)

ABSTRACTFew papers have offered clear guidance for the application of critical realism to empirical studies, particularly in the research field of entrepreneurship. The purpose of this paper is to critically review how the methodological principles used to conduct CR-based research can be applied in empirical studies and to develop a critical realist case study research design to guide empirical work in entrepreneurship. I demonstrate the value of a CR-informed approach in empirical studies by drawing on a qualitative case study that (...) explains the reality of entrepreneurial opportunities. My inclusion of the three domains of reality and various data analysis techniques within the process of conceptual abstraction and retroduction contributes a distinctive methodological development in this field, which illustrates how CR can work in an applied setting to explain competing theories. Such a research design enables us to conduct empirical studies and provide comprehensive causal explanations of complex s... (shrink)