摘要:

AbstractThere has been considerable debate over the viability of the unrelated product, or conglomerate strategy. The financial arguments for and against its viability are well known. However, the administrative imperatives for its successful implementation have not been well investigated. The paper argues that there are a number of critical administrative contingencies for successful implementation of this strategy which only a few unrelated product firms have recognized. These concern policies dealing with acquisition, divestment, portfolio structure, management and organization. The paper discusses each in turn, describing specific instances of success and failure to illustrate the major points of the argument.

ISSN:0143-2095    

DOI:10.1002/smj.4250030402

出版商:John Wiley&Sons, Ltd.    

年代:1982

数据来源: WILEY

摘要:

AbstractThis work is original research which is based on data gathered from annual reports and accounts. It covers some 267 businesses which had the largest annual turnovers for manufacturing companies, within Britain, in 1971 and were still in existence in 1979. The data have been subjected to analysis to reveal preferred product‐market postures, movements in posture, effects of annual turnover size on strategies, and the effects of being located within specific industries.In comparison with the work of D. F. Channon for the preceding twenty years it can be seen that, on the whole, the trend towards diversification has continued throughout the broad spectrum of British Industr

ISSN:0143-2095    

DOI:10.1002/smj.4250030403

出版商:John Wiley&Sons, Ltd.    

年代:1982

数据来源: WILEY

摘要:

AbstractThe literature suggests that the appropriate combinations of functional importance (i.e., through resource allocations, type of activities) for high levels of company performance are affected by the type of grand strategy pursued by the firm and the firm's industry type. These relationships were examined for 93 industrial firms. Data on functional importance, grand strategy, and industry type were obtained from top executives while financial data were collected from the Compustat data files. The results showed that both grand strategy and industry type moderated the relationship between functional importance and company performance. These relationships were also examined for each grand strategy by industry type cell to provide data for further research.

ISSN:0143-2095    

DOI:10.1002/smj.4250030404

出版商:John Wiley&Sons, Ltd.    

年代:1982

数据来源: WILEY

摘要:

AbstractThe economic theory of barriers to entry is integrated with the corporate strategy concept of relatedness, to develop a model of the choice between internal development and acquisition in diversification entry into new markets. The model is tested on original data collected for this study from PIMS Program participants. These original data cover the parent company characteristics, entry strategy and entry outcome for 59 entrants into 31 markets. These entry‐related data are merged with existing PIMS data on the structure of the entered markets and their incumbents. Results of binary regression analysis show that the choice between the two entry modes is well explained by measures of barriers and relatedness. Higher barriers are more likely to be associated with acquisition entry. Greater relatedness is more likely to be associated with direct entr

ISSN:0143-2095    

DOI:10.1002/smj.4250030405

出版商:John Wiley&Sons, Ltd.    

年代:1982

数据来源: WILEY

摘要:

AbstractWe argue that business firms are faced with new and changing social demands, and that it will be advantageous to the firm to treat the social demands as strategic issues. However, responding to these social demands strategically requires the application of new managerial concepts and techniques. In this paper we extend conceptually the lead‐lag methodology of Ackerman and Bauer (1976), developed to deal with the evolutionary nature of social demands. Then we describe the problems of measurement, uncertainty and lack of common units of measures that have to be overcome before the responses to the social demands can be included in the strategic planning and budget proces

ISSN:0143-2095    

DOI:10.1002/smj.4250030406

出版商:John Wiley&Sons, Ltd.    

年代:1982

数据来源: WILEY

摘要:

AbstractPrior work has shown an association between diversification strategy and profitability. This paper replicates that association using more recent and complete data and goes on to investigate the sources of the association. Theoretical arguments are advanced which predict the association which will remain once the effects of varying industry profitability are removed. Empirical tests verify this prediction and permit the discrimination between the effects of industry and diversification strategy on profitability.

ISSN:0143-2095    

DOI:10.1002/smj.4250030407

出版商:John Wiley&Sons, Ltd.    

年代:1982

数据来源: WILEY

ISSN:0143-2095    

DOI:10.1002/smj.4250030408

出版商:John Wiley&Sons, Ltd.    

年代:1982

数据来源: WILEY

ISSN:0143-2095    

DOI:10.1002/smj.4250030409

出版商:John Wiley&Sons, Ltd.    

年代:1982

数据来源: WILEY

ISSN:0143-2095    

DOI:10.1002/smj.4250030410

出版商:John Wiley&Sons, Ltd.    

年代:1982

数据来源: WILEY

摘要:

AbstractPrior research by Berg and Pitts has shown that there is a difference in the diversification strategies followed by major corporations; this strategy depends upon the type of organizational structure at the corporate level. This paper extends research on diversification strategy by testing the hypotheses that the skills and competence of the incumbent chief executive officer of a major firm are associated with its diversification strategy. Using empirical data spanning the years 1965‐1980 for fifty‐three major U.S. firms that have diversified and grown, it is shown that the background and prior experience of the incumbent CEO of each firm is significantly associated with the diversification strategy of a firm. This has implications for boards of directors in their search for and selection of top level corporate executives, as well as implications for managers in search of executive j

ISSN:0143-2095    

DOI:10.1002/smj.4250030411

出版商:John Wiley&Sons, Ltd.    

年代:1982

数据来源: WILEY