Having a sense of direction is essential to the success of a company, and as the business changes, so must the strategy and management style.

Sydney Finkelstein, the Steven Roth professor of management at Dartmouth College’s Tuck School of Business, says that a company’s business strategy and management theory should be constantly evolving. “Standing still is the worst strategy of all,” says Mr. Finkelstein, author of “Why Smart executives Fail: And What You Can Learn From Their Mistakes.”

Below, Mr. Finkelstein shares his reading list on business strategy and management theory as well as a Web site and movie. Here are his picks: