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Environmental Uncertainty, Business Strategy, and Financial Performance: an Empirical Study of the U.S. Lodging Industry

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Journal of Hospitality & Tourism Research: The Professional Journal of the Council on Hotel, Restaurant, and Institutional Education

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Abstract

Hospitality Education and Research Journal, Volume 13, Issue 3, Page 171-186, August 1989.
A key premise in the normative literature is that an appropriate business strategy will favorably align an organization with its environment (Andrews, 1971; Hofer & Schendel, 1978; Porter, 1980). It is argued that the strategy that will produce the best ...