Why Firms Diversify

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Strategic Management (color)

Author :
Publisher :
ISBN 13 : 9781949373943
Total Pages : 325 pages
Book Rating : 4.3/5 (739 download)

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Book Synopsis Strategic Management (color) by :

Download or read book Strategic Management (color) written by and published by . This book was released on 2020-08-18 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategic Management (2020) is a 325-page open educational resource designed as an introduction to the key topics and themes of strategic management. The open textbook is intended for a senior capstone course in an undergraduate business program and suitable for a wide range of undergraduate business students including those majoring in marketing, management, business administration, accounting, finance, real estate, business information technology, and hospitality and tourism. The text presents examples of familiar companies and personalities to illustrate the different strategies used by today's firms and how they go about implementing those strategies. It includes case studies, end of section key takeaways, exercises, and links to external videos, and an end-of-book glossary. The text is ideal for courses which focus on how organizations operate at the strategic level to be successful. Students will learn how to conduct case analyses, measure organizational performance, and conduct external and internal analyses.

Diversification Strategy

Author : Graham Kenny
Publisher : Kogan Page Publishers
ISBN 13 : 074945833X
Total Pages : 224 pages
Book Rating : 4.7/5 (494 download)

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Book Synopsis Diversification Strategy by : Graham Kenny

Download or read book Diversification Strategy written by Graham Kenny and published by Kogan Page Publishers. This book was released on 2009-08-03 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Diversified organizations are everywhere - in the private, public and not-for-profit sectors. With diversification comes complication, and if the varied activities of these organizations are not carried out effectively, their very diversity can lead to major inefficiency at best and corporate failure at worst. Diversification Strategy challenges conventional wisdom and establishes a blueprint for successfully managing diversification. Using illuminating case studies such as General Electric, Wesfarmers, Bidvest, ITC and Burns Philip - it analyses the whole process in detail, and describes the seven characteristics of successful diversifiers. Through examining what successful and unsuccessful diversifiers do, as well as the effective practices of focused firms, it provides best-practice guidance for successfully managing diversified organizations and the business units within them. Whether private sector, public sector or not-for-profit, all organizations will all benefit from understanding and applying the principles outlined in this indispensible guide to diversification strategy.

The Risky Business of Diversification

Author : Ralph Biggadike
Publisher :
ISBN 13 : 9780000793034
Total Pages : pages
Book Rating : 4.7/5 (93 download)

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Book Synopsis The Risky Business of Diversification by : Ralph Biggadike

Download or read book The Risky Business of Diversification written by Ralph Biggadike and published by . This book was released on 1979-01-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Downscoping

Author : Robert E. Hoskisson
Publisher : Oxford University Press, USA
ISBN 13 : 0195078438
Total Pages : 223 pages
Book Rating : 4.1/5 (95 download)

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Book Synopsis Downscoping by : Robert E. Hoskisson

Download or read book Downscoping written by Robert E. Hoskisson and published by Oxford University Press, USA. This book was released on 1994 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the relationship between a firm's diversification and its competitiveness.

Why Firms Diversify

Author : David C. Hyland
Publisher :
ISBN 13 :
Total Pages : 39 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Why Firms Diversify by : David C. Hyland

Download or read book Why Firms Diversify written by David C. Hyland and published by . This book was released on 2000 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is substantial evidence that the market placed a lower value on diversified than specialized firms during the 1980's (Lang and Stulz (1994) and Berger and Ofek (1995)). However, many firms diversified anyway. This paper addresses the question, quot;Why do firms diversify in the first place?quot; I use the Compustat segment tapes to investigate firms which are specialized and then become diversified. I find that not all segment changes represent economic events. I test the hypothesis that firms diversify due to agency costs between managers and shareholders. Looking at managerial ownership I do not find evidence of agency costs but it is possible that managerial ownership is not a good indicator of agency costs. I test the hypothesis that diversifying firms may be primarily in low growth industries and reject this hypothesis. I find evidence that diversifying firms have slightly worse financial performance than their specialized counterparts. They have free cash available to diversify or more likely have built up their cash balance to make an acquisition. The most significant explanation I find for firm diversification is that diversifying firms have not engaged in as much research and development as their non-diversifying counterparts. In order to grow or perhaps even maintain their current status, they must buy growth in areas outside of their current operations.

Diversification, Refocusing, and Economic Performance

Author : Constantinos Markides
Publisher : MIT Press
ISBN 13 : 9780262133111
Total Pages : 228 pages
Book Rating : 4.1/5 (331 download)

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Book Synopsis Diversification, Refocusing, and Economic Performance by : Constantinos Markides

Download or read book Diversification, Refocusing, and Economic Performance written by Constantinos Markides and published by MIT Press. This book was released on 1995 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work examines the causes and consequences of the "refocusing" phenomenon, where companies have stopped diversifying and begun focusing once more on their core product lines. Coverage includes a discussion of the effects of refocusing on market value, profitability and organizational structure.

The Core Competence of the Corporation

Author : C. K. Prahalad
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Core Competence of the Corporation by : C. K. Prahalad

Download or read book The Core Competence of the Corporation written by C. K. Prahalad and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Competitive Advantage

Author : Michael E. Porter
Publisher : Simon and Schuster
ISBN 13 : 1416595848
Total Pages : 592 pages
Book Rating : 4.4/5 (165 download)

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Book Synopsis Competitive Advantage by : Michael E. Porter

Download or read book Competitive Advantage written by Michael E. Porter and published by Simon and Schuster. This book was released on 2008-06-30 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt: Now beyond its eleventh printing and translated into twelve languages, Michael Porter’s The Competitive Advantage of Nations has changed completely our conception of how prosperity is created and sustained in the modern global economy. Porter’s groundbreaking study of international competitiveness has shaped national policy in countries around the world. It has also transformed thinking and action in states, cities, companies, and even entire regions such as Central America. Based on research in ten leading trading nations, The Competitive Advantage of Nations offers the first theory of competitiveness based on the causes of the productivity with which companies compete. Porter shows how traditional comparative advantages such as natural resources and pools of labor have been superseded as sources of prosperity, and how broad macroeconomic accounts of competitiveness are insufficient. The book introduces Porter’s “diamond,” a whole new way to understand the competitive position of a nation (or other locations) in global competition that is now an integral part of international business thinking. Porter's concept of “clusters,” or groups of interconnected firms, suppliers, related industries, and institutions that arise in particular locations, has become a new way for companies and governments to think about economies, assess the competitive advantage of locations, and set public policy. Even before publication of the book, Porter’s theory had guided national reassessments in New Zealand and elsewhere. His ideas and personal involvement have shaped strategy in countries as diverse as the Netherlands, Portugal, Taiwan, Costa Rica, and India, and regions such as Massachusetts, California, and the Basque country. Hundreds of cluster initiatives have flourished throughout the world. In an era of intensifying global competition, this pathbreaking book on the new wealth of nations has become the standard by which all future work must be measured.

Why Firms Diversify

Author : Randall Morck
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Why Firms Diversify by : Randall Morck

Download or read book Why Firms Diversify written by Randall Morck and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We present empirical evidence that cross-industry diversification, geographic diversification, and firm size add value in the presence of intangibles related to Ramp;D or advertizing, but destroy value in their absence, presumably due to agency problems. This is consistent with synergy stemming from the internalization of markets for information-based assets. This supports Livermore (1935), who found a similar relationship between intangible assets, like Ramp;D or advertising, and superior post-takeover firm performance in the U.S. quot;turn of the centuryquot; merger wave. We also find that the market for corporate control tends to make corrections in the appropriate direction. Firms that are large or diversified, but have few information-based assets, are unusually likely to become hostile takeover targets. In contrast, small undiversified firms with such assets are unusually likely to become targets in friendly mergers.

Research in the Sociology of Organizations: Professional service firms

Author : Michael Lounsbury
Publisher :
ISBN 13 : 0762313021
Total Pages : pages
Book Rating : 4.7/5 (623 download)

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Book Synopsis Research in the Sociology of Organizations: Professional service firms by : Michael Lounsbury

Download or read book Research in the Sociology of Organizations: Professional service firms written by Michael Lounsbury and published by . This book was released on 1988 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Corporate Diversification

Author : E. Ralph Biggadike
Publisher :
ISBN 13 :
Total Pages : 256 pages
Book Rating : 4.:/5 (43 download)

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Book Synopsis Corporate Diversification by : E. Ralph Biggadike

Download or read book Corporate Diversification written by E. Ralph Biggadike and published by . This book was released on 1979 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Real Types of Diversification Strategies – An Analysis of different Types of Relatedness in German Companies

Author : Kai Hanitsch
Publisher : GRIN Verlag
ISBN 13 : 3640573145
Total Pages : 106 pages
Book Rating : 4.6/5 (45 download)

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Book Synopsis Real Types of Diversification Strategies – An Analysis of different Types of Relatedness in German Companies by : Kai Hanitsch

Download or read book Real Types of Diversification Strategies – An Analysis of different Types of Relatedness in German Companies written by Kai Hanitsch and published by GRIN Verlag. This book was released on 2010-03-23 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: Diplomarbeit aus dem Jahr 2008 im Fachbereich BWL - Unternehmensführung, Management, Organisation, Note: 1,7, Handelshochschule Leipzig gGmbH, Sprache: Deutsch, Abstract: On corporate level main strategic decisions involve the question which businesses are to be pursued and which to be neglected, i.e. how the portfolio of businesses is designed. The ultimate goal is a value adding business portfolio. This added value arises from synergies among the businesses and the role of the corporate center. In the case of success this would lead to a conglomerate premium in terms of company value. Corporate managers are generally very free in deciding what businesses they want to add to their portfolio and which to divest. This raises two questions: one regarding the type of businesses in a portfolio and the other regarding the optimal size of a portfolio. The term diversification deals with both questions: it describes how broad and how diverse a company‟s business portfolio is. On the one hand it can be very narrow or focused in a barely diversified company, on the other it can be very broad in a highly diversified company. Three forms of diversification strategies are commonly distinguished: focused, relational and conglomerate diversification. Many researchers in the field of strategic management have dealt with the question of diversification and the pros and cons involved. Yet there is no clear hint on superior performance of certaint diversification strategies. Rather success stories for many forms can be told. Further findings indicate: not the degree of diversification is relevant for success but the relatedness among strategic business units. Portfolios of somehow related SBUs perform better than those completely unrelated. Success is explained by the ability to transfer core competencies (“resources”) among the business units of a company. Yet relatedness is a manifold concept. Two main types have to be distinguished: relatedness on the level of products and processes and on the level of management requirements. But which type of relatedness is the most promising in terms of superior company performance? Since earlier research work is insufficient to fully explain the phenomenon of diversification further research is indicated. This especially applies to German conglomerates since most research work focused on US firms mainly. The thesis at hand constitutes one part of that proceeding research. Its aim is to gain further insights on diversification and relatedness by empirically identifying and exploring real types of relatedness and their respective diversification strategies.

Diversification, Relatedness, and Performance

Author : Frithjof Pils
Publisher : Springer Science & Business Media
ISBN 13 : 3834981818
Total Pages : 229 pages
Book Rating : 4.8/5 (349 download)

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Book Synopsis Diversification, Relatedness, and Performance by : Frithjof Pils

Download or read book Diversification, Relatedness, and Performance written by Frithjof Pils and published by Springer Science & Business Media. This book was released on 2009-04-09 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: Frithjof Pils uses multiple statistical techniques to examine the true nature of the relationships between diversification strategies and accounting-based, market-based, and growth-based performance. The author shows implications for the interpretation of past research, the design of future research including the use of meta-analysis methodologies, as well as management practice.

Real Types of Diversification Strategies - An Analysis of different Types of Relatedness in German Companies

Author : Kai Hanitsch
Publisher : GRIN Verlag
ISBN 13 : 3640572513
Total Pages : 109 pages
Book Rating : 4.6/5 (45 download)

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Book Synopsis Real Types of Diversification Strategies - An Analysis of different Types of Relatedness in German Companies by : Kai Hanitsch

Download or read book Real Types of Diversification Strategies - An Analysis of different Types of Relatedness in German Companies written by Kai Hanitsch and published by GRIN Verlag. This book was released on 2010 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: Diplomarbeit aus dem Jahr 2008 im Fachbereich BWL - Unternehmensführung, Management, Organisation, Note: 1,7, Handelshochschule Leipzig gGmbH, Sprache: Deutsch, Abstract: On corporate level main strategic decisions involve the question which businesses are to be pursued and which to be neglected, i.e. how the portfolio of businesses is designed. The ultimate goal is a value adding business portfolio. This added value arises from synergies among the businesses and the role of the corporate center. In the case of success this would lead to a conglomerate premium in terms of company value. Corporate managers are generally very free in deciding what businesses they want to add to their portfolio and which to divest. This raises two questions: one regarding the type of businesses in a portfolio and the other regarding the optimal size of a portfolio. The term diversification deals with both questions: it describes how broad and how diverse a company‟s business portfolio is. On the one hand it can be very narrow or focused in a barely diversified company, on the other it can be very broad in a highly diversified company. Three forms of diversification strategies are commonly distinguished: focused, relational and conglomerate diversification. Many researchers in the field of strategic management have dealt with the question of diversification and the pros and cons involved. Yet there is no clear hint on superior performance of certaint diversification strategies. Rather success stories for many forms can be told. Further findings indicate: not the degree of diversification is relevant for success but the relatedness among strategic business units. Portfolios of somehow related SBUs perform better than those completely unrelated. Success is explained by the ability to transfer core competencies ("resources") among the business units of a company. Yet relatedness is a manifold concept. Two main types have to be distinguished: relatedness on the level of products and pr

Strategic Planning Kit For Dummies

Author : Erica Olsen
Publisher : John Wiley & Sons
ISBN 13 : 1118077776
Total Pages : 387 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis Strategic Planning Kit For Dummies by : Erica Olsen

Download or read book Strategic Planning Kit For Dummies written by Erica Olsen and published by John Wiley & Sons. This book was released on 2011-11-15 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: Think and act strategically every time In today's business environment, strategic planning stresses the importance of making decisions that will ensure an organization's ability to successfully respond to changes in the environment and plan for sustainable viability. Providing practical, field-tested techniques and a complete 6-phase plan, Strategic Planning Kit For Dummies shows you how to make strategy a habit for all organizations, no matter the size, type, or resource constraints. Strategic Planning Kit For Dummies is for companies of all types and sizes looking to build and sustain a competitive edge, set up an ongoing process for market assessment and trend analysis, and develop a vision for future growth. This revised edition includes: new and updated content on planning for both the short and the long-term; crucial information on succession planning; help preparing for the unexpected using scenario planning and agile strategy; strategies for implementing change and integrating strategic plans successfully by involving all staff members; and more. The supplementary CD lays out a comprehensive, 6-phase, step-by-step program, complete with downloadable spreadsheets, charts, checklists, video links, and more Provides value for any business or entrepreneur looking to improve efficiency, focus, and competitive edge Includes practical, field-tested techniques Strategic Planning Kit For Dummies gives today's business owners and upper-level management the tools and information they need to think and act strategically in order to more effectively weather current economic storms while planning for future growth.

Diversification Through Acquisition

Author : Malcolm S. Salter
Publisher : New York : Free Press
ISBN 13 :
Total Pages : 362 pages
Book Rating : 4.4/5 (91 download)

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Book Synopsis Diversification Through Acquisition by : Malcolm S. Salter

Download or read book Diversification Through Acquisition written by Malcolm S. Salter and published by New York : Free Press. This book was released on 1979 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Synergy is the only justification for a firm's diversification. Discuss.

Author : Rüdiger Wolf
Publisher : GRIN Verlag
ISBN 13 : 363824203X
Total Pages : 14 pages
Book Rating : 4.6/5 (382 download)

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Book Synopsis Synergy is the only justification for a firm's diversification. Discuss. by : Rüdiger Wolf

Download or read book Synergy is the only justification for a firm's diversification. Discuss. written by Rüdiger Wolf and published by GRIN Verlag. This book was released on 2004-01-06 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2002 in the subject Business economics - Business Management, Corporate Governance, grade: B, Royal Holloway, University of London (School of Management), course: Strategic Management, language: English, abstract: Synergy is commonly regarded as a justification for a firm’s diversification. But, is it the only one? Or to continue that thought, is it a justification for a firm’s diversification at all? My intention in this essay is to investigate the role of synergies in the decission-making process that leads to the diversification of a company. To find an answer to that problem, we will first have to take a look at what the terms “synergy” and “diversification” actually mean. After that, I will go on to discuss what possible other reasons there might be for a firm to diversify. To find out about their role in that process, it is necessary to first have a look on what synergies are and how they can be created. Obviously it is possible to create synergies by diversification. Sharon M. Oster writes: “The strategic management literature emphasizes the role of diversification in creating synergies. Two business units have synergies if their union allows for opportunities not available to either seperately.”0 So, this definition of synergy says that new opportunities emerge from making use of shared resources. [...]