International Diversification Strategy and Firm Performance PDF Download

Author: Bo Bernhard Nielsen
Publisher:
ISBN:
Category :
Languages : en
Pages : 7

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Author: Paul Patterson
Publisher:
ISBN: 9780864183170
Category : Market surveys
Languages : en
Pages : 20

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Author: Joyce Ka Ming Chong
Publisher:
ISBN:
Category : Business enterprises
Languages : en
Pages : 624

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Author: Zhuang Qian
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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With the rapid changes and intense competition in global markets, a large number of firms have diversified their business into new product segments and international markets for competitive advantage. This has greatly impacted the operations manager's inventory decisions to meet the customer priorities aimed by the company-wide diversification strategies. Unfortunately, this potential linkage between corporate diversification and inventory performance has not been examined in prior research. Therefore, we conduct a large-scale empirical study to investigate the associations between product and international diversification strategies and inventory performance. We collect a sample of 73,412 observations across 7,284 U.S. publicly traded firms between 1989 and 2019 and develop our hypotheses based upon the classical inventory theories and corporate diversification strategies. We find strong evidence that related product diversification and international diversification are positively associated with total inventory, whereas unrelated product diversification is negatively associated with total inventory. Our research findings offer important insights into the top management's strategic planning for diversification as well as the operation manager's inventory control policies to achieve the strategic fit between corporate diversification and inventory management.

Author: Robert E. Hoskisson
Publisher: Oxford University Press
ISBN: 0195360117
Category : Business & Economics
Languages : en
Pages : 223

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Large, diversified firms face unique challenges as they compete worldwide, and corporate restructuring is one way multinationals strive for competitive advantage. Weighing the pros and cons of a variety of approaches to restructuring, Downscoping offers executives a clear, strategic path through the maze. The authors show that when a multinational conglomerate fails to compete effectively, too much diversification may be the culprit. Whether the result of weak corporate governance or poor corporate strategy, over-diversification can make managers, unfamiliar with some of the markets in which they compete, opt for safety over innovation. This risk-aversion and lack of long-range commitment to innovation lead inevitably to stagnation over the longer term. The answer is not downsizing--closing offices and laying off personnel--but downscoping: a strategic approach to restructuring. The options include incentive and compensation adjustments for executives, leveraged buy-outs and capital structure changes, focusing on core skills, diversifying internationally while focusing on businesses in which a firm has strong competencies, and buying and selling mature businesses where product development is not a great concern. Regardless of the approach, executives must exercise strategic leadership during and after restructuring, including providing strategic direction, exploiting core competencies, developing human capital, and sustaining the corporate culture. Based on systematic research rather than casual observation, Downscoping provides a strong description of restructuring alternatives and their resulting tradeoffs. Its specific guidelines for maintaining competitiveness will be essential reading for managers involved in corporate restructuring.

Author: Frithjof Pils
Publisher: Springer Science & Business Media
ISBN: 3834981818
Category : Business & Economics
Languages : en
Pages : 229

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Frithjof Pils uses multiple statistical techniques to examine the true nature of the relationships between diversification strategies and accounting-based, market-based, and growth-based performance. The author shows implications for the interpretation of past research, the design of future research including the use of meta-analysis methodologies, as well as management practice.

Author: Graham Kenny
Publisher: Kogan Page Publishers
ISBN: 074945833X
Category : Business & Economics
Languages : en
Pages : 224

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Diversified organizations are everywhere - in the private, public and not-for-profit sectors. With diversification comes complication, and if the varied activities of these organizations are not carried out effectively, their very diversity can lead to major inefficiency at best and corporate failure at worst. Diversification Strategy challenges conventional wisdom and establishes a blueprint for successfully managing diversification. Using illuminating case studies such as General Electric, Wesfarmers, Bidvest, ITC and Burns Philip - it analyses the whole process in detail, and describes the seven characteristics of successful diversifiers. Through examining what successful and unsuccessful diversifiers do, as well as the effective practices of focused firms, it provides best-practice guidance for successfully managing diversified organizations and the business units within them. Whether private sector, public sector or not-for-profit, all organizations will all benefit from understanding and applying the principles outlined in this indispensible guide to diversification strategy.

Author: Alan M. Rugman
Publisher: Lexington, Mass. ; Toronto : Heath
ISBN:
Category : Business & Economics
Languages : en
Pages : 168

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Author: Nejat Capar
Publisher:
ISBN:
Category :
Languages : en
Pages : 132

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Author: David Collis
Publisher: John Wiley & Sons
ISBN: 1405139684
Category : Business & Economics
Languages : en
Pages : 392

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Book Description
THE COMPREHENSIVE GUIDE TO MANAGING AND LEADING COMPANIES THAT COMPETE INTERNATIONALLY Drawing on the course material developed at the Harvard Business School and Yale School of Management by David Collis, International Strategy provides theoretical insight and pragmatic tools that address the decisions facing senior managers in multinational corporations. International Strategy explores the critical differences between domestic and international competition: the heterogeneity of markets in which companies are involved; the volatility of economic conditions that firms face; and the increased scale of activities fostered by global participation. The text examines how these phenomena create tensions and tradeoffs for executives concerning which product to offer around the world, which countries to compete in, where to locate various activities, and how to organize the firm worldwide. Making those choices in an integrated fashion, it is explained, requires pursuit of a coherent strategy that builds an international advantage. Filled with illustrative examples from a wide range of international companies, International Strategy, offers an accessible guide to help managers navigate the myriad decisions they must make in order to create value from their foreign operations and outperform competitors in an increasingly integrated world.