Corporate diversification and organizational structure: A resource-based view

Academy of Management Journal

Volumn 39, Issue 2, 1996, Pages 340-367

  Markides, Constantinos C ^a   Williamson, Peter J ^b  

^a LONDON BUSINESS SCHOOL   (United Kingdom)

^b INSEAD   (France)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0030304389     PISSN: 00014273     EISSN: None     Source Type: Journal    
DOI: 10.2307/256783     Document Type: Review

References (49)

1. Amit, R., & Schoemaker, P. J. H. 1993. Strategic assets and organizational rent. Strategic Management Journal, 14: 33-46.
2. Bailey, E. L. 1975. Marketing cost ratios of U.S. manufacturers (Conference Board Report No. 662). New York: Conference Board.
3. Barney, J. B. 1986. Strategic factor markets: Expectations, luck and business strategy. Management Science, 32: 1231-1241.
4. Barney, J. B. 1991. Firm resources and sustained competitive advantage. Journal of Management, 17: 99-120.
5. Bartlett, C. A., & Ghoshal, S. 1993. Beyond the M-form: Toward a managerial theory of the firm. Strategic Management Journal, 14: 23-46.
6. Cable, J. R., & Dirrheimer, M. J. 1983. Hierarchies and markets: An empirical test of the multidivisional hypothesis in West Germany. International Journal of Industrial Organization, 1(1): 43-62.
7. Cable, J. R., & Yasuki, H. 1984. Internal organization, business groups and corporate performance: An empirical test of the multidivisional hypothesis. Proceedings of the XIth EARIE Meetings: 335-366.
8. Caves, R. E. 1982. Multinational enterprise and economic analysis. Cambridge: Cambridge University Press.
9. Caves, R. E., & Porter, M. E. 1977. From entry barriers to mobility barriers: Conjectural variations and contrived deterrence to new competition. Quarterly Journal of Economics, 91: 241-262.
10. Caves, R. E., Porter, M. E., Spence, M. A., & Scott, J. T. 1980. Competition in the open economy: A model applied to Canada. Cambridge, MA: Harvard University Press.
11. Collis, D. J., & Montgomery, C. A. 1996. Corporate strategy: Resources and the scope of the firm. Burr Ridge, IL: Irwin.
12. Dierickx, I., & Cool, K. 1989. Asset stock accumulation and sustainability of competitive advantage. Management Science, 35: 1504-1514.
13. Eaton, B., & Lipsey, R. 1980. Exit barriers are entry barriers: The durability of capital as a barrier to entry. Bell Journal of Economics, 11: 721-729.
14. Farjoun, M. 1994. Beyond industry boundaries: Human expertise, diversification and resource- related industry groups. Organization Science, 5: 185-199.
15. Grant, R. M. 1991. The resource-based theory of competitive advantage: Implications for strategy formulation. California Management Review, 33(3): 114-135.
16. Hill, C. W. L. 1988. Internal capital market controls and financial performance in multidivisional firms. Journal of Industrial Economics, 37: 67-83.
17. Hill, C. W. L. 1990. The functions of the headquarters unit in multibusiness firms. Unpublished manuscript, University of Washington, Seattle.
18. Hill, C. W. L., Hitt, M. A., & Hoskisson, R. E. 1992. Cooperative versus competitive structures in related and unrelated diversified firms. Organization Science, 3: 501-521.
19. Hill, C. W. L., & Hoskisson, R. E. 1987. Strategy and structure in the multiproduct firm. Academy of Management Review, 2: 331-341.
20. Holl, P. 1983. Discretionary behavior and the M-form hypothesis in large U.K. firms. Paper presented at the 10th EARIE conference, Bergen, Norway.
21. Hoskisson, R. E., & Hitt, M. A. 1990. Antecedents and performance outcomes of diversification: Review and critique of theoretical perspectives. Journal of Management, 16: 461-509.
22. Hoskisson, R. E., Hitt, M. A., Johnson, R. A., & Moesel, D. D. 1993. Construct validity of an objective (entropy) Categorical measure of diversification strategy. Strategic Management journal, 14: 215-235.
23. Jacquemin, A. P & Berry, C. H. 1979. Entropy measure of diversification and corporate growth. Journal of Industrial Economics, 27: 359-369.
24. Lippman, S. A., & Rumelt, R. P. 1982. Uncertain imitability: An analysis of interfirm differences in efficiency under competition. Bell Journal of Economics, 13: 418-438.
25. Markides, C. C., & Williamson, P. J. 1994. Related diversification, core competences and corporate performance. Strategic Management Journal, 15 (Special Issue): 149-165.
26. Montgomery, C. A. 1982. The measurement of firm diversification: Some new empirical evidence. Academy of Management Journal, 25: 299-307.
27. Montgomery, C. A., & Hariharan, S. 1991. Diversified expansion by large established firms. Journal of Economic Behavior and Organization, 15: 71-89.
28. Nakajine, M. 1995. Watchword: Citizenship. Japan Update, January: 2.
29. Nelson, P. 1970. Information and consumer behavior. Journal of Political Economy, 78: 311-329.
30. Palepu, K. 1985. Diversification strategy, profit performance, and the entropy measure. Strategic Management Journal, 6: 239-255.
31. Peteraf, M. A. 1993. cornerstones of competitive advantage: A resourse-based view. Strategic Management Journal, 14, 179-192.
32. Pitts, R. A., & Hopkins, H. D. 1982. Firm diversity: Conceptualization and measurement. Academy of Management Review, 7: 620-629.
33. Porter, M. E. 1976. Interbrand choice, strategy, and bilateral market power. Cambridge, MA: Hardvard University Press.
34. Porter, M. E. 1980. Competitive strategy: Techniques for analyzing industries and competitor. New York: Free Press.
35. Porter, M. E. 1987. From competitive advantage to corporate strategy. Harvard Business Review, 65(3): 43-59.
36. Prahalad, C. K., & Bettis, R. A. 1986. The dominant logic: A new linkage between diversity and performance. Strategic Management Journal, 7: 485-501.
37. Prahalad, C. K., & Hamel, G. 1990. The core competence of the corporation. Harvard Business Review, 68(3): 79-91.
38. Ramanujam, V., & Varadarajan, P. 1989. Research on corporate diversification: A synthesis. Strategic Management Journal, 10: 523-551.
39. Ravenscraft, D. J., & Scherer, F. M. 1987. Mergers, sell-offs, and economic efficiency. Washington, DC: Brookings Institution.
40. Reed, R., & DeFillippi, R. J. 1990. Causal amgibuity, barriers to imitation, and sustainable competitive advantage. Academy of Management Review, 15: 88-102.
41. Reed, R., & Lufftnan, G. A. 1986. Diversification: The growing confusion. Strategic Management Journal, 7: 29-35.
42. Robins, J., & Wiersema, M. F. 1995. A resource-based approach to the multibusiness firm: Empirical analysis of portfolio interrelationships and corporate financial performance. Strategic Management Journal, 16: 277-299.
43. Rumelt, R. 1974. Strategy, structure and economic performance. Cambridge, MA: Harvard Business School Division of Research.
44. Rumelt, R. P. 1987. Theory, strategy and entrepreneurship. In D. Teece (Ed.), The competitive challenge: 137-158. Cambridge, MA: Ballinger.
45. Teece, D. J. 1982. Towards an economic theory of the multiproduct firm. Journal of Economic Behavior and Organization, 3: 39-63.
46. Teece, D. J., Rumelt, R., Dosi, G., & Winter, S. 1994. Understanding corporate coherence: Theory and evidence. Journal of Economic Behavior and Organization, 23: 1-30.
47. Verdin, P. J., & Williamson, P. J. 1994. Core competences, competitive advantage and market analysis: Forging the links. In G. Hamel & A. Heene (Eds.), Competence-based competition: 77-110. New York: Wiley.
48. Williamson, O. E. 1975. Markets and hierarchies. New York: Free Press.
49. Williamson, O. E., & Bhargava, N. 1972. Assessing and classifying the internal structure and control apparatus of the modern corporation. In K. Cowling (Ed.), Market structure and corporate behavior theory and empirical analysis of the firm: 125-148. London: Gray- Mills.