Name: Diversification, Industry Dynamism, and Economic Performance: The Impact of Dynamic-Related Diversification on the Multi-Business Firm
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Author: Knecht, Matthias
ISBN: 9783658026769

portada Diversification, Industry Dynamism, and Economic Performance: The Impact of Dynamic-Related Diversification on the Multi-Business Firm

Type

Physical Book

Author

Matthias Knecht

Publisher

Springer Gabler

Year

2013

Language

English

Pages

348

Format

Paperback

Dimensions

21.0 x 15.0 x 2.0 cm

Weight

0.47 kg.

ISBN13

9783658026769

Edition No.

2014

Synopsis "Diversification, Industry Dynamism, and Economic Performance: The Impact of Dynamic-Related Diversification on the Multi-Business Firm"

The decision to diversify lies at the core of corporate strategy and constitutes one of top management's most important choices. Yet despite its importance and prominence within academic research, diversification remains subject to ongoing debate. Matthias Knecht introduces a new perspective on corporate diversification that extends the academic discussion and reveals substantial new insights. The author introduces the dynamism of industries as a dominant force in the environment that influences the diversified corporation on multiple levels. Due to similarities of businesses competing in similarly dynamic environments, synergistic benefits and superior economic performance can be realized through the combination of dynamic-related businesses in the corporate portfolio. This study provides a multidimensional operationalization of industry dynamism and an in-depth assessment of the dynamism of a wide range of industries. At the core of the study Knecht investigates the performance impact of dynamic-related diversification strategies. The results provide new insights into successful corporate portfolio construction in the face of today's dynamic environments.