Based on research of 168 US companies, this paper integrates most of existing strategic management thinking. It reviews a wide spectrum of literature in areas such as Industrial Organization, Resource-Based View of the Firm, Value Based Management, Knowledge Management, Transaction Costs Economics, and other disciplines. The statistical analysis correlates two existing variables: Economic Value Added and Growth of Operating Capital with two new testable variables: Market Power and Knowledge. This paper shows how the framework developed integrates competitive strategies, corporate strategies, and functional strategies. It shows that the different existing models and theories produce different results in terms of stock value creation.
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