In November 1987, the Ashridge Strategic Management Centre was establi
shed with the mission of carrying out research focused on corporate-le
vel strategy and the management of multi-business companies In Novembe
r 1997, we ran a major conference to review what we had learned during
the last decade. Since Brief Case has reported piecemeal on a variety
of the research initiatives that we have carried out during this time
, we felt that it would be appropriate to publish the background paper
that we prepared for the conference, which gives a brief overview of
the main propositions that we believe we have established. We would ve
ry much welcome comments on the propositions: Which do you agree or di
sagree with? Which are most or least important? What areas merit furth
er research and investigation? (C) 1998 Elsevier Science Ltd. All righ
ts reserved.