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| Author: | Farjoun, M. |
| Title: | Beyond industry boundaries: human expertise, diversification and resource-related industry groups |
| Journal: | Organization Science
1994 : MAY, VOL. 5:2, p. 185-199 |
| Index terms: | DIVERSIFICATION NATURAL RESOURCES STRATEGY |
| Language: | eng |
| Abstract: | This paper is concerned with revealing and explaining patterns in the ways firms diversify into new products and industries. Shifting the focus from the observable similarity of products provided by the firm, to the less observable underlying resources required in different industries, can be an interesting and useful way of looking at patterns of diversification. The theory outlined in this paper suggests that firms diversify within groups of industries that are related to one another in the types of human skills and expertise required in each industry. |
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