Learning and corporate evolution: a longitudinal study of how product-market relatedness and environmental relatedness impact firm scope
| dc.contributor.advisor | Ahuja, Gautam | en |
| dc.contributor.advisor | Huber, George P. | en |
| dc.creator | Lampert, Curba Morris | en |
| dc.date.accessioned | 2008-08-28T21:21:29Z | en |
| dc.date.accessioned | 2017-05-11T22:15:36Z | |
| dc.date.available | 2008-08-28T21:21:29Z | en |
| dc.date.available | 2017-05-11T22:15:36Z | |
| dc.date.issued | 2003 | en |
| dc.description | text | en |
| dc.description.abstract | I examine corporate evolution, i.e. how a firm changes its scope through diversification into new businesses and exits from existing ones and what it learns from this process. I analyze the type of scope experience acquired by the firm, and suggest that the firm’s scope decisions entail two types of learning, product-market learning and environmental learning, that have distinct effects on the firm’s future scope choices. I suggest that by failing to account for environmental differences and focusing too closely on product-market relatedness, firms may be misled into presuming that potential new businesses are much closer to their existing businesses than they truly are. I use longitudinal data on the Fortune 250 firms to test these arguments and show that ignoring environmental relatedness may be one explanation for an unanswered riddle in the strategy literature: why does related diversification fail? | |
| dc.description.department | Management | en |
| dc.format.medium | electronic | en |
| dc.identifier | b56511577 | en |
| dc.identifier.oclc | 55223775 | en |
| dc.identifier.uri | http://hdl.handle.net/2152/418 | en |
| dc.language.iso | eng | en |
| dc.rights | Copyright is held by the author. Presentation of this material on the Libraries' web site by University Libraries, The University of Texas at Austin was made possible under a limited license grant from the author who has retained all copyrights in the works. | en |
| dc.subject.lcsh | Organizational learning | en |
| dc.subject.lcsh | Diversification in industry--United States | en |
| dc.title | Learning and corporate evolution: a longitudinal study of how product-market relatedness and environmental relatedness impact firm scope | en |
| dc.type.genre | Thesis | en |