Strategic management is supposed to surmount future challenges. As future
challenges emerge in the turbulent environment, SMR often struggles to keep up with
unpredictable changes, so that strategic management usually has to face the challenges
without SMR support or any theoretical guides (Ma, 2014). In other words, in modern,
dynamic, competitive environments, strategic management is more vital for firms than
ever. Entrepreneurs and insightful strategic management theorists urgently need new
scientific theories to explain strategic phenomena and to guide strategic management
practice. To address these needs, SMR has to reflect critically on past researches and
explore new solutions and directions for improvement.