Strategy and the environment: A study of corporate responses to crises

Carolyne Smart and Ilan Vertinsky

Strategic Management Journal, 1984, vol. 5, issue 3, 199-213

Abstract: This paper describes an empirical study that examines the relationship between the type of external environment in which a firm operates and the repertoire of strategic responses the firm develops to cope with crises. The findings suggest that an executive's propensity to adopt a particular strategic posture depends on his perceptions of how well his firm can control its environment and on the costs of introducing change into the organization.

Date: 1984
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Persistent link: https://EconPapers.repec.org/RePEc:bla:stratm:v:5:y:1984:i:3:p:199-213

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