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

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  • Carolyne Smart
  • Ilan Vertinsky

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.

Suggested Citation

  • Carolyne Smart & Ilan Vertinsky, 1984. "Strategy and the environment: A study of corporate responses to crises," Strategic Management Journal, Wiley Blackwell, vol. 5(3), pages 199-213, July.
    • Handle: RePEc:bla:stratm:v:5:y:1984:i:3:p:199-213
    DOI: 10.1002/smj.4250050302
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