Much of management theory is based on the writings of early 20th-century Western scholars whose disciplinary orientations were heavily grounded in economics and classical sociology. These writings depict homo sapiens as an individualistic, utility-maximizing, transaction-oriented species. In...

The underlying tenet of this study was that perception of the environment and firm performance influences executives’ propensity to choose a given strategy. Hypotheses were formulated and tested using senior executives from the largest corporations in South Africa, and from the largest U.S....