RT Article T1 Values and the foundations of strategic management JF Journal of business ethics VO 7 IS 11 SP 821 OP 834 A1 Freeman, R. Edward A1 Gilbert, Daniel R. A1 Hartman, Edwin LA English PB Springer Science + Business Media B. V YR 1988 UL https://www.ixtheo.de/Record/178559897X AB The purpose of this paper is to analyze the role of values in strategic management. We discuss recent criticisms of the concept of strategy and argue that the concept of value helps reconcile these criticisms with traditional models of strategy. We show that Andrews' model of corporate strategy rightly takes morally significant values to be essential to effective management. We show how the notion of value can be clarified and used in research into various conceptions of corporate morality. K1 Recent Criticism K1 Traditional Model K1 Strategic Management K1 Effective Management K1 Economic Growth DO 10.1007/BF00383045