Trends and Developments in Strategic Management: A Systematic Literature Review Analysis (2020–2025)

Abstract

Digital transformation has fundamentally reshaped how organizations formulate and execute strategy, creating the need to systematically map the development of contemporary strategic management research. This study aims to identify major trends, analyze existing research gaps, and propose a future research agenda in strategic management during 2020–2025, focusing on the integration of digital technology and organizational strategic frameworks. The method applied is a Systematic Literature Review (SLR) using an input–process–output framework, guided by the PRISMA protocol for identification, screening, and data extraction, complemented by manual thematic analysis to categorize the literature, identify conceptual relationships, and map research gaps from articles sourced from the Scopus and SINTA databases. The findings indicate that the Resource-Based View and Dynamic Capabilities Theory remain the dominant theoretical foundations for explaining competitive advantage in the digital era, while emerging themes include Digital Business Strategy, IT-business alignment, the use of artificial intelligence in strategic decision-making, organizational agility, and the integration of Environmental, Social, and Governance (ESG) principles. The study also identifies a gap in research integrating these four perspectives—RBV, Dynamic Capabilities, DBS, and sustainability—within a single comprehensive conceptual framework. These findings contribute theoretically to a more holistic digital strategic management model and serve as a practical reference for organizations designing adaptive, sustainable strategies amid technological disruption.