摘要:

AbstractRecent studies of corporate restructuring have arrived at conclusions that are contradictory when applied to conglomerates. Studies, often based only on manufacturing firms, argue for and against the benefits of conglomerate diversification. This paper reviews the more recent developments in this literature. We then construct a comprehensive sample of conglomerates that allows us to examine changes in conglomerate behavior over the period 1975–84 as manifested in acquisition and divestiture decisions. Our results suggest that conglomerate managers are reducing the complexity of the conglomerate enterprise by decreasing the average number of businesses managed, and by increasing the degree of business‐relatedness within the conglomerate enterpr

ISSN:0143-2095    

DOI:10.1002/smj.4250090502

出版商:John Wiley&Sons, Ltd.    

年代:1988

数据来源: WILEY

摘要:

AbstractThe time‐series behavior of ROI is examined to assess a central element of competitive markets, the lack of persistence of abnormal profits. The analysis first determines the aggregate dynamic process of ROI and then examines how strategic and market factors influence this process. Consistent with abnormal returns resulting from a disequilibrium phenomenon, a mean reverting time‐series process approximates the behavior of ROI. While a variety of factors influence the persistence of return, the conditions under which market forces do not drive return back to its competitive rate seem remote, if present at all. Nonetheless, these factors can insulate a firm from competitive forces and so result in longer‐term abnormal pr

ISSN:0143-2095    

DOI:10.1002/smj.4250090503

出版商:John Wiley&Sons, Ltd.    

年代:1988

数据来源: WILEY

摘要:

AbstractAn assessment of opponents' reactions to strategic and functional area policy decisions is shown to require knowledge concerning opponents' beliefs about the firm's behavior. This study introduces a methodology for incorporating such conjectures into the business planning process. It presents an analytical measure for these conjectural variations and discusses several illustrations. Examples of the application of the framework are provided by the Japanese flat glass industry and the U.S. domestic coffee roasting industry. The use of a broad range of conjectural variations in competitor analysis is discussed, and implications for business strategy formulation are highlighted.

ISSN:0143-2095    

DOI:10.1002/smj.4250090504

出版商:John Wiley&Sons, Ltd.    

年代:1988

数据来源: WILEY

摘要:

AbstractA corporate reputation is a set of attributes ascribed to a firm, inferred from the firm's past actions. While the intuition behind reputation‐building is hardly new, recent research has formalized the concept. We review this research and then, using examples, illustrate some of the strategic behavioral implications of these formal model

ISSN:0143-2095    

DOI:10.1002/smj.4250090505

出版商:John Wiley&Sons, Ltd.    

年代:1988

数据来源: WILEY

摘要:

AbstractA longitudinal investigation of group tracking of potential new applications and markets created by an emerging technology (cellular telephones) is used to gain more understanding of the shifts of cognitive frames of reference in the environmental tracking of emerging strategic issues. The dynamics of frame of reference shifts is examined through the derivation and operationalization of the concepts of templates, triggers and twitches. The results posit that examining the frame of reference shifts can be more informative than examining the frames themselves. Implications for strategic management practice and research are addressed.

ISSN:0143-2095    

DOI:10.1002/smj.4250090506

出版商:John Wiley&Sons, Ltd.    

年代:1988

数据来源: WILEY

摘要:

AbstractThis article develops a classification scheme for mutual gain cooperative strategies between and among different organizations. The cooperative strategies considered are pool, exchange, de‐escalate, and experiment/contingency. These cooperative strategies are considered in four types of game/market environmental life cycle situations: positive‐sum growth, zero‐sum mature, negative‐sum decline, and transformable to positive‐sum growth. Cases from domestic and international business, nonprofit and government organizations are illustrated. Literature examples from strategic management, evolutionary biology, game theory and ecosystems theory are synthesized and used as foundation and explanation. Positive and negative public policy implications of cooperative strategy are also considered. In most, but not all, cases, cooperative strategy appears to improve value‐added efficiency in a wide variety of environments and

ISSN:0143-2095    

DOI:10.1002/smj.4250090507

出版商:John Wiley&Sons, Ltd.    

年代:1988

数据来源: WILEY

摘要:

AbstractThis longitudinal study examines the effect of human resources strategy on the export performance of 388 Florida firms. After controlling for differential firm advantages, managerial perceptions and aspirations, and marketing activities, results show that the way human resources are selected, deployed, compensated and motivated will play a significant role in subsequent export performance.

ISSN:0143-2095    

DOI:10.1002/smj.4250090508

出版商:John Wiley&Sons, Ltd.    

年代:1988

数据来源: WILEY

摘要:

AbstractThe inverse of vertical integration, ‘impartition’, is defined as an entrepreneurial behaviour which consists in casting other firms (partners) for different parts of its overall system of activities. A firm imparts when, in order to allocate its own resources to activities more congruent with its strategic objectives, it contracts out instead of doing in‐house. This concept also involves a cooperative attitude towards partners for a mutual profit based on external synergies. The developed pattern has a large range of applications: subcontracting, proxy agreements, agency contracts, international production sharing, product mandating, franchising, licensing and a growing number of intangibles. The use of the impartition leverage may amplify the strategic power of a firm and its capacity for fast growth. In response to severe worldwide competition and accelerating technological and social changes, four overall principles underlie an impartition policy: high turnover, organizational flexibility, strategic mobility and external synergies. In conclusion the author insists on the necessity of mastering the art of resources manag

ISSN:0143-2095    

DOI:10.1002/smj.4250090509

出版商:John Wiley&Sons, Ltd.    

年代:1988

数据来源: WILEY

摘要:

AbstractThis paper develops a model of multinational corporate structure in which each of the five structures—worldwide product, worldwide functional, area, international division and matrix—is explained in terms of domain parameters, management orientation and generic strategy. The strategic contingency model (SCM) is developed by integrating recent theoretical and empirical literature into one holistic model. The SCM delineates specific independent variable relationships which predict multinational corporate structure and explains anomalies in recent research fi

ISSN:0143-2095    

DOI:10.1002/smj.4250090510

出版商:John Wiley&Sons, Ltd.    

年代:1988

数据来源: WILEY

ISSN:0143-2095    

DOI:10.1002/smj.4250090501

出版商:John Wiley&Sons, Ltd.    

年代:1988

数据来源: WILEY