The corporation and innovation

On 1st October 1980 the untimely death of Patrick Haggerty, former chairman and chief executive officer of Texas Instruments, occurred. Patrick Haggerty was a founding member of the editorial board of this journal and in the formative years of the Texas Instruments Company made a major contribution to the practice of strategic management, in addition to shaping the destiny of a great and progressive corporation. As a mark of our respect and in memoriam the editors are proud to publish one of Mr Haggerty's last lectures given to NASA at Houston, Texas on 13th February 1980 in which he outlines briefly the history and philosophy which led to the development of many of the systems of strategic management at Texas Instruments, which have shaped policy within this highly innovative organization.