Strategy and the environment: A study of corporate responses to crises
Article first published online: 8 NOV 2006
Copyright © 1984 John Wiley & Sons, Ltd.
Strategic Management Journal
Volume 5, Issue 3, pages 199–213, July/September 1984
How to Cite
Smart, C. and Vertinsky, I. (1984), Strategy and the environment: A study of corporate responses to crises. Strat. Mgmt. J., 5: 199–213. doi: 10.1002/smj.4250050302
- Issue published online: 8 NOV 2006
- Article first published online: 8 NOV 2006
- Manuscript Revised: 12 OCT 1982
- Manuscript Received: 10 MAR 1982
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.