Seeing the big picture: The influence of industry, diversification, and business strategy on performance

• 成果类型: Article
• 署名作者: Stimpert, JL; Duhaime, IM
• 署名单位: University of Memphis
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/257053
• 发表日期: 1997
• 页码: 560-583
• 关键词: r-and-d; RISK-RETURN PERFORMANCE; PRICE-COST MARGINS; corporate diversification; CONGLOMERATE FIRMS; market-structure; PERSPECTIVES; PRODUCTIVITY; DIRECTIONS; diversity

摘要

Much of the strategic management literature separates industry, corporate, and business levels of analysis, and empirical studies tend to examine these levels independently, not addressing how industry context influences diversification and how diversification strategy might influence business strategies, This article examines the interactions of industry characteristics, diversification, and business strategy in an integrated framework and offers a comprehensive model illustrating how these factors combine to influence performance. Mie tested the model using data from a sample of Fortune 500 firms.