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| Author: | Ng, D.W. |
| Title: | A modern resource based approach to unrelated diversification |
| Journal: | Journal of Management Studies
2007 : DEC, VOL. 44:8, p. 1481-1502 |
| Index terms: | strategic planning resource allocation organizational behaviour diversification industries evaluation models |
| Language: | eng |
| Abstract: | A conceptual model of unrelated diversification (hereafter as: u-d.) is proposed. Referring on Penrose's (1959) resource based approach, u-d. is explained by an organization's 'three pillars' (here as: 3-pls.), which consist of its strength of dynamic capabilities, absorptive capacity, and weak ties. The role of the 3-pls. is to find out new resource applications or uses in conditions of market failure characterized by 'incomplete markets'. A novel feature of this model is that an organization can diversify more broadly than predicted by Penrose (1959) and other modern resource-based approaches (Teece et al. 1997). In addition, u-d. can be beneficial. This study also offers suggestions for measuring the 3-pls. etc. |
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