Fundamental Issues in Strategy: A Research Agenda

by Richard P. Rumelt (Editor), Dan E. Schendel (Editor), David J. Teece (Editor)

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 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 hardcover; ISBN 0875843433, $45.00.

Genres: Business

656 pages, Paperback

First published June 1, 1994

About the author

Rumelt’s research has centered on corporate diversification strategy and the sources of sustainable advantage to individual business strategies. His current research interests center on the dynamics of industry transitions with a focus on the patterns and forces shaping the evolution of complex industries.

Rumelt received his doctorate from the Harvard Business School in 1972. He joined the UCLA faculty in 1976. He was President of the Strategic Management Society in 1995-98. He received the Irwin Prize for his book Strategy, Structure, and Economic Performance. In 1997, he was appointed Telecom Italia Strategy Fellow, a position he held until April 2000. He has won teaching awards at UCLA and received a “best paper prize” in 1997 from the Strategic Management Journal.

Reviews

[Shishir · Rating 3 out of 5]

A reasearch manual (big) in conjuction with HBS - A huge study but gist I got was that strategy is subject to many subjective factors and cannot be empirically or defined by old micro economics measures! No doubt it had more value to some, I did not read the whole text!

[Dave Beeman · Rating 3 out of 5]

Hard to read. Some of the words fell off the page as I was reading. Somewhat outdated this tome looks at the early days (1970-90) of the birth of business strategy as a stand alone field in business. Is it economic theory that drives the train on organizational management theory; or some sort combination of the two plus other related fields of study. If you don't want to get bogged down skip to the last 2 or 3 chapters and appendix A.

[Alkhuwailiyah]

this the book Im looking for, wish can help to conduct my thesis for supporting theory

[Mohib Asrori]

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