Fundamental Issues in Strategy: A Research Agenda

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Fundamental Issues in Strategy is the product of a conference jointly sponsored by the Alfred P. Sloan Foundation and the Strategic Management Society in November 1990. This conference brought together important and influential thinkers in the field of strategy, as well as scholars from the fields of economics, organizational sociology, and political science, to address the following fundamental questions: How do firms behave? Why do firms differ? What are the functions of the headquarters unit in a multibusiness...
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Overview

Fundamental Issues in Strategy is the product of a conference jointly sponsored by the Alfred P. Sloan Foundation and the Strategic Management Society in November 1990. This conference brought together important and influential thinkers in the field of strategy, as well as scholars from the fields of economics, organizational sociology, and political science, to address the following fundamental questions: How do firms behave? Why do firms differ? What are the functions of the headquarters unit in a multibusiness firm? What determines the international success or failure of firms? The book includes contributions from Alfred Chandler, Michael Porter, Oliver Williamson, and C.K. Prahalad. It represents a coherent statement of the status and future of the field of strategic management, re-examining the theoretical roots of strategic issues in order to set a new research agenda and advance the state of the field. Also available in paperback.
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Editorial Reviews

Choice Magazine
Highly recommended for managers and consultants.
Booknews
Examines strategic management's intellectual roots and strengthens the field's theoretical foundations by incorporating the opinions of 22 scholars on four fundamental questions: How do firms behave? Why are they different? What are the duties of a headquarters in a multibusiness firm? And what determines success or failure in international competition? Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

  • ISBN-13: 9780875846453
  • Publisher: Harvard Business Review Press
  • Publication date: 1/28/1996
  • Pages: 636
  • Product dimensions: 6.07 (w) x 9.26 (h) x 1.67 (d)

Table of Contents

Acknowledgments
Preface
Introduction: Structure of the Book 1
1 Fundamental Issues in Strategy 9
2 Beyond Individual Metaphors in Understanding How Firms Behave: A Comment on Game Theory and Prospect Theory Models of Firm Behavior 55
3 Timid Choices and Bold Forecasts: A Cognitive Perspective on Risk Taking 71
4 Structure, Strategy, and the Agenda of the Firm 97
5 Game Theory and Strategic Management: Contributions, Applications, and Limitations 155
6 Does Strategy Research Need Game Theory? 195
7 Burning Your Britches Behind You: Can Policy Scholars Bank on Game Theory? 221
8 Strategy and the Search for Rents: The Evolution of Diversity among Firms 229
9 Why Do Firms Differ, and How Does It Matter? 247
10 A Sociological View on Why Firms Differ 271
11 Diversification and Economic Performance: Bringing Structure and Corporate Management Back into the Picture 297
12 The Functions of the HQ Unit in the Multibusiness Firm 323
13 Strategizing, Economizing, and Economic Organization 361
14 Takeovers in the 1960s and the 1980s: Evidence and Implications 403
15 Toward a Dynamic Theory of Strategy 423
16 Location and Competition: Notes on Economic Geography 463
17 Managing DMNCs: A Search for a New Paradigm 495
Afterword 527
Appendix A: Fundamental Issues in Strategy: A Research Agenda for the 1990s 557
Appendix B: List of Participants 575
References 577
About the Contributors 615
Index 619
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