First published in 1989, this book is based on detailed comparative case studies of eight firms' responses to the recession of the early 1980s, the worst crisis for British manufacturing in the post-war period. This is a timely and practical reissue, which will be of value to students, managers and academics concerned with strategic management, developments in organizational theory, and the current economic climate.

List of Figures; List of Tables; Acknowledgements; 1. Strategic choice and recession 2. Determinist accounts of corporate strategy 3. Towards strategic choice 4. Realism and agency 5. Social structure and strategic choice 6. How and where the research was done; Appendix 1: Domestic appliance companies' performances; Appendix 2: Office furniture companies' performances; Bibliography; Index