Based on the proceedings of an international research seminar held under the auspices of the Centre for Corporate Strategy and Change at Warwick University, Coventry, England, in May 1986.

Includes bibliographies and index.

Understanding strategic change processes / Richard Whipp, Robert Rosenfeld, and Andrew M. Pettigrew -- A process model of strategic redirection in large complex firms / Yves Doz and C.K. Prahalad -- Technological discontinuities and organization environments / Michael Tushman and Philip Anderson -- Business strategy and strategy change in a hostile environment / Robert M. Grant -- The impact of technological change on industry structure and corporate strategy / Agha Ghazanfar, John McGee, and Howard Thomas -- Joint ventures / Kathryn Rudie Harrigan -- Management of strategic change in a "markets-as-networks" perspective / Lars-Gunnar Mattsson -- Strategic challenges in the financial services industry / Rajendra K. Srivastava and Allan D. Shocker -- The influence of product and production flexibility on marketing strategy / Geoff Easton and R. Rothschild -- Four requirements for processual analysis / Andrew H. Van de Ven -- First- and second-order errors in managing strategic change / Chris Argyris.