Foreign - Based Competition and Corporate Diversification Strategy  

Oleh:

Wiersema, Margarethe F. ; Bowen, Harry P.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 26 no. 12 (Dec. 2005), page 1153-1172.
Topik: CORPORATE; foreign competition; diversification; corporate strategy

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.20 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

Since the mid - 1980s U. S. domestic firms 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 on 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.

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