This study examines the interrelationships among environmental changes and strategic decision variables with each other and short term success for 358 large business firms over a 45 years period. Success is found to be related to one environmental change segment as, well as two strategic decision segments. Several strategy-environment relationships are also found. Some methodological problems are noted in the attempt to move policy research from case analysis to statistical explanation.
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Jauch et al. (1977) studied this question.