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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 questions: 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 paperback; ISBN 0875846459, $27.50.

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Editors Rumelt, Schendel, and Teece provide a collection of readings that examine strategic management's intellectual roots and the discipline's theoretical foundations. Based on a late 1990 conference attended by 60 noted academicians, the 17 chapters take a comprehensive look at the field of strategy and raise key issues that demand further research. This volume's four parts address how firms behave, why firms are different, what the functions of headquarter units are in a multinational firm, and what determines success or failure in international competition. These four sections are fundamental to understanding the intellectual backbone of strategic management. The book also includes a thorough editors' introduction, an afterword, a future-oriented research agenda, an extensive list of references, and brief biographical profiles about the 22 contributing authors. This complex scholarly work is highly recommended for professional managers and consultants. Advanced students and scholars in the field will also find this demanding book useful. J. W. Leonard; Miami University