The limits of empirical research in strategic management
Strategic management uses a variety of tools including an econometric analysis to solve the practical problems. But the application of econometrics in the area quite far from the spheres of material production can lead to erroneous results of forecasting. The apparatus of econometrics is not suited for the identification and disclosure issues under study socio-economic systems in abstraction from social relations. In developing the strategy for managing complex and multifaceted socio-economic processes need to be aware of this limitation.