Economic action does not take place in a vacuum: Understanding Cisco's acquisition and development strategy

Industry and Innovation

Volumn 11, Issue 4, 2004, Pages 299-325

  Mayer, David ^a   Kenney, Martin ^b,c  

^a JUNIPER NETWORKS   (United States)

^b UNIVERSITY OF CALIFORNIA   (United States)

^c BRIE   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

CORPORATE STRATEGY; DEVELOPMENT STRATEGY; HIGH TECHNOLOGY INDUSTRY; INDUSTRIAL DEVELOPMENT;

EID: 10844239092     PISSN: 13662716     EISSN: None     Source Type: Journal    
DOI: 10.1080/1366271042000289333     Document Type: Article

References (65)

1. Aguilar, F.J. 1967: Scanning the Business Environment. New York: Macmillan.
2. Anand, J. and Singh, H. 1997: Asset redeployment, acquisitions and corporate strategy in declining industries, Strategic Management Journal, 18: 99-118.
3. Autler, G. 2000: Global networks in high technology: the Silicon Valley-Israel connection. Master's thesis, Department of City and Regional Planning, University of California, Berkeley.
4. Avnimelech, G. and Teubal, M. 2002: Venture capital-start-up co-evolution and the emergence of Israel's new high tech cluster. Paper presented at 2002 DRUID Summer Conference on Industrial Dynamics of the New and Old Economy-Who is Embracing Whom?, 6-8 June.
5. Bahrami, H. and Evans, S. 2000: Flexible re-cycling and high-technology entrepreneurship, in M. Kenney (ed.) Understanding Silicon Valley: The Anatomy of an Innovative Region, pp. 165-189. Stanford, CA: Stanford University Press.
6. Bain, J.S. 1959: Industrial Organization. New York: John Wiley.
7. Barrett, Craig 2001: Clawing for market share is back, 13 March (http://www.businessweek. com/2000/00_11/b3672014.htm).
8. Brown, J.S. and Duguid, P. 2000: Mysteries of the region: knowledge dynamics in Silicon Valley, in C.-M. Lee, W. Miller, H. Rowen and M. Hancock (eds) The Silicon Valley: A Habitat for Innovation and Entrepreneurship, pp. 16-45. Stanford, CA: Stanford University Press.
9. Bunnell, D. 2000: Making the Cisco Connection. New York: John Wiley.
10. Burg, U. von 2001: The Triumph of Ethernet. Stanford, CA: Stanford University Press.
11. Business Week 2002. Cisco: behind the hype, 21 January.
12. Byrne, J.A. 1998: The corporation of the future, Business Week, 31 August.
13. Cannella, A. and Hambrick, D. 1993: Effects of executive departures on performance of acquired firms, Strategic Management Journal, 14: 137-152.
14. Charney, H. (Senior Vice President, Cisco Systems, Inc.) 2002: Personal email communication, 29 August.
15. Christensen, C. 1997: The Innovator's Dilemma. New York: Harper Business.
16. Cisco Inc. 2001: Internal PowerPoint presentation.
17. Datta, D.K. 1991: Organizational fit and acquisition performance: effects of post-acquisition integration, Strategic Management Journal 12: 281-297.
18. David, P. 1985: Clio and the economics of QWERTY, American Economic Review, 5: 332-337.
19. Domhoff, W.G. 1967: Who Rules America? Englewood Cliffs, NJ: Prentice-Hall.
20. Fligstein, N. 1990: The Transformation of Corporate Control. Cambridge, MA: Harvard University Press.
21. Garud, R. and Karnoe, P. 2001: Path creation as a process of mindful deviation, in R. Garud and P. Karnoe (eds) Path Dependence and Creation, pp. 1-40. New York: Lawrence Erlbaum Associates.
22. Gilson, R. 1999: The legal infrastructure of high-technology industrial districts: Silicon Valley, Route 128, and covenants not to compete, New York University Law Review, 74(3): 575-629.
23. Granovetter, M. 1985: Economic action and social structure: the problem of embeddedness, American Journal of Sociology, 91: 481-510.
24. Hambrick, D.C. 1982: Environmental scanning and organizational strategy, Strategic Management Journal, 3(2): 159-174.
25. Hambrick, D.C. and Cannella, A.A. 1993: Relative standing: a framework for understanding departures of acquired executives, Academy of Management Journal, 36(4): 733-762.
26. Hanafi, A. 2000: Acquiring minds: an interview with Ammar Hanafi, Packet Magazine, Quarter 4 (http://www.cisco.com/warp/public/784/packet/oct00/netizens.html).
27. Hardy, Q. 2001: Cisco kidding?, Forbes.com, 14 May.
28. Haspeslagh, P. and Jemison, D. 1991: Managing Acquisitions. New York: Free Press.
29. Haunschild, P.R., Henderson, A. and Davis-Blake, A. 1998: CEO demographics and acquisitions: network and cognitive effects of educational and functional background, in R. Leenders and S. Gabbay (eds) Corporate Social Capital, pp. 266-283. New York: Addison Wesley.
30. Hayward, M. and Hambrick, D. 1997: Explaining the premiums paid for large acquisitions: evidence of CEO Hubris, Administrative Science Quarterly, 42: 103-127.
31. Hippel, E. von 1988. The Sources of Innovation. New York: Oxford University Press.
32. Inkpen, A.C., Sundaram, A.K. and Rockwood, K. 2000: Cross-border acquisitions of US technology assets, California Management Review 42(3): 50-73.
33. ITworld.com 2001: Cisco sells recent acquisition to Israeli firm, 18 June.
34. Jemison, D. and Sitkin, S. 1986: Corporate acquisitions: a process perspective, Academy of Management Review, 11: 145-163.
35. Jensen, M.C. 1984: Takeovers: folklore and science, Harvard Business Review, 62(6): 109-122.
36. Jo, H. 2000: Venture capital syndication and firm value: entrepreneurial financing of Grand Junction Networks. Working Paper, Department of Finance, Leavey School of Business and Administration, Santa Clara University, January.
37. Kenney, M. and von Burg, U. 1999: Technology and path dependence: the divergence between Silicon Valley and Route 128, Industrial and Corporate Change, 8(1): 67-103.
38. Kogut, B. and Zander, U. 1992: Knowledge of the firm, combinative capabilities, and the replication of technology, Organization Science 3: 383-397.
39. Larsson, R. and Finkelstein, S. 1999: Integrating, strategic, organizational, and human resource perspectives on mergers and acquisitions: a case study of synergy realization, Organization Science, 10(1): 1-26.
40. Lucent 2002: vww.lucent.com, 15 January.
41. McJunkin, J. and Reynders, T. 2000: Cisco Systems: a novel approach to structuring entrepreneurial ventures. Graduate School of Business, Stanford University Case Number EC-15, February.
42. Mehta, S. 2001: Cisco fractures its own fairy tale, Business 2.0, May.
43. Nahavandi, A. and Malekzadeh, A.R. 1988: Acculturation in mergers and acquisitions, Academy of Management Review, 13(1): 79-90.
44. O'Reilly, C. 1998: Cisco Systems: the acquisition of technology is the acquisition of people. Case Study HR-10, Graduate School of Business, Stanford University, Palo Alto.
45. O'Reilly, C. 2000: Hidden Value. Cambridge, MA: Harvard Business School Press.
46. Palmer, D., Barber, B., Zhou, X. and Soysal, Y. 1995: The other contested terrain: friendly and predatory acquisition of large U.S. corporations in the 1960s, American Sociological Review, 60: 469-499.
47. Ravenscraft, D.J and Scherer, F.M. 1989: The profitability of mergers, International Journal of Industrial Organization, 7: 101-116.
48. Reuters Company News 2002: Former Cisco exec pleads guilty to fraud charges. Reuters.com, 31 July.
49. Rifkin, G. 1997: Growth by acquisition: the case of Cisco Systems, Strategy and Business. Booz, Allen and Hamilton.
50. Scherer, F.M. 1980: Industrial Market Structure and Economic Performance. Chicago, IL: Rand-McNally.
51. Seth, A. 1990: Value creation in acquisitions: a re-examination of performance issues, Strategic Management Journal, 11: 99-115.
52. Shelton, L.M. 1988: Strategic business fits and corporate acquisitions: empirical evidence, Strategic Management Journal, 11: 99-115.
53. Stauffer, D. 2000: Nothing But Net. Milford, CT: Capstone Publishing Company.
54. Stuart, T. and Sorenson, O. 2002: Liquidity events, noncompete covenants and the geographic distribution of entrepreneurial activity. Unpublished manuscript, 4 January.
55. Teece, D., Pisano, G. and Shuen, A. 1997: Dynamic capabilities and strategic management, Strategic Management Journal, 18: 509-533.
56. Thurm, S. 2000: Cisco defies the odds with mergers that work, Wall Street Journal, 3 March.
57. Uzzi, B. 1995: The sources and consequences of embeddedness for the economic performance of organizations: the network effect, American Sociological Review, 61(4): 674-698.
58. Uzzi, B. 1996: Social structure and competition in interfirm networks, Administrative Science Quarterly, 42: 35-67.
59. Venture Economics 2001: 30 September.
60. Venturesource.com 2001: www.venturesource.com, 31 March.
61. Wachovia Securities 2000: George G. Hunt, Robert D. Strauss and Bert D. Barre. IJL Financial Center, Charlotte, NC, 16 November.
62. Wenger, E. and Lave, J. 1991: Situated Learning: Legitimate Peripheral Participation. New York: Cambridge University Press.
63. Williamson, O. 1975: Markets and Hierarchies: Analysis and Antitrust Implications. New York: Free Press.
64. Young, J. 2001: Cisco Unauthorized. Roseville, CA: Prima Publishing.
65. Zollo, M. and Harbir, S. 2002: Post-acquisition strategies, integration capability, and the economic performance of corporate acquisition, Strategic Management Review.