Foreign-based competition and corporate diversification strategy

• 成果类型: Article
• 署名作者: Bowen, HP; Wiersema, MF
• 署名单位: University of California System; University of California Irvine; KU Leuven; Vlerick Business School
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.499
• 发表日期: 2005
• 页码: 1153-1171
• 关键词: foreign competition; diversification; corporate strategy

摘要

Since the mid-1980s U.S. domestic fit-ins have faced significant increases in foreign-based (i.e., import) competition as reductions in barriers to international commerce have resulted in markets and industries becoming increasingly global. Despite the growing and widespread importance of foreign-based competition, the influence that such competition may exert oil corporate diversification strategy is a question largely overlooked in the strategic management literature. This paper examines the impact of foreign-based competition in a firm's core business on both the level and nature of a firm's diversification strategy at the corporate Level in a panel dataset of U.S. firms over the period 1985-94. Our findings provide the first evidence that increased,foreign-based competition is indeed a statistically significant factor explaining both the reduced business-level diversity and the increased strategic focus of U.S. firms that has been widely perceived over the past two decades. Copyright (c) 2005 John Wiley & Sons, Ltd.