Access the full text.
Sign up today, get DeepDyve free for 14 days.
C. Prahalad, R. Bettis (1986)
The dominant logic: A new linkage between diversity and performanceSouthern Medical Journal, 7
J. Borsting (1982)
Decision-Making at the TopManagement Science, 28
P. Grinyer, M. Yasai-Ardekani (1981)
Strategy, Structure, Size and BureaucracyAcademy of Management Journal, 24
L. Franko (1974)
The Move Toward a Multidivisional Structure in European OrganizationsAdministrative Science Quarterly, 19
G. Luffman, R. Reed (1982)
Diversification in British industry in the 1970sSouthern Medical Journal, 3
Michael Joehnk, James Nielsen (1974)
The Effects of Conglomerate Merger Activity on Systematic RiskJournal of Financial and Quantitative Analysis, 9
Aneel Karnani, B. Wernerfelt (1985)
Multiple point competitionSouthern Medical Journal, 6
R. Bettis (1981)
Performance differences in related and unrelated diversified firmsSouthern Medical Journal, 2
R. Hoskisson (1987)
Multidivisional Structure and Performance: The Contingency of Diversification StrategyAcademy of Management Journal, 30
S. Reid (1971)
A REPLY TO THE WESTON/MANSINGHKA CRITICISMS DEALING WITH CONGLOMERATE MERGERSJournal of Finance, 26
A. Lemelin (1982)
Relatedness in the Patterns of Interindustry DiversificationThe Review of Economics and Statistics, 64
J. Kusewitt (1985)
An exploratory study of strategic acquisition factors relating to performanceSouthern Medical Journal, 6
D. Nees (1981)
Increase your divestment effectivenessStrategic Management Journal, 2
J. Hassid (1975)
RECENT EVIDENCE ON CONGLOMERATE DIVERSIFICATION IN U.K. MANUFACTURING INDUSTRYThe Manchester School, 43
M. Jensen, Richard Ruback (1983)
The market for corporate controlJournal of Financial Economics, 11
K. Dundas, P. Richardson (1982)
Implementing the unrelated product strategySouthern Medical Journal, 3
M. Kamien, N. Schwartz (1975)
Market Structure and Innovation: A SurveyJournal of Economic Literature, 13
C. Sutton (1973)
Management Behaviour and a Theory of DiversificationScottish Journal of Political Economy, 20
John Scott (1982)
Multimarket Contact and Economic PerformanceThe Review of Economics and Statistics, 64
D. Beattie (1980)
Conglomerate diversification and performance: a survey and time series analysisApplied Economics, 12
B. Wernerfelt, Cynthia Montgomery (1986)
What is an Attractive IndustryManagement Science, 32
Peter Prosper, J. Smith (1971)
Conglomerate Mergers and Public PolicyJournal of Economic Issues, 5
L. Donaldson (1982)
Research Notes Divisionalization and Diversification: A Longitudinal StudyAcademy of Management Journal, 25
C. Snow, L. Hrebiniak (1980)
Strategy, Distinctive Competence, and Organizational Performance.Administrative Science Quarterly, 25
P. Asquith (1983)
Merger bids, uncertainty, and stockholder returns☆Journal of Financial Economics, 11
Douglas Hearth, J. Zaima (1984)
Voluntary Corporate Divestitures and ValueFinancial Management, 13
P. Nystrom, J. Lorsch, S. Allen (1976)
Managing diversity and interdependence;: An organizational study of multidivisional firms
R. Melicher, D. Rush (1973)
The Performance of Conglomerate Firms: Recent Risk and Return ExperienceJournal of Finance, 28
S. Rhoades (1974)
A Further Evaluation of the Effect of Diversification on Industry Profit PerformanceThe Review of Economics and Statistics, 56
D. Lecraw (1984)
Diversification Strategy and PerformanceJournal of Industrial Economics, 33
P. Grinyer, Masound Yasai-Ardekani, Shawki Al-Bazzaz (1980)
Strategy, Structure, the Environment, and Financial Performance in 48 United Kingdom CompaniesAcademy of Management Journal, 23
Cynthia Montgomery, Harbir Singh (1984)
Diversification strategy and systematic riskSouthern Medical Journal, 5
B. Lamont, C. Anderson (1985)
Mode of Corporate Diversification and Economic PerformanceAcademy of Management Journal, 28
Philip Selznick (1957)
Leadership in administration
R. Reed, G. Luffman (1986)
Diversification: The growing confusionSouthern Medical Journal, 7
J. Daniels, R. Pitts, M. Tretter (1984)
Strategy and structure of U.S. multinationals: An exploratory studyThe International Executive, 26
Manuel Jose, L. Nichols, Jerry Stevens (1986)
Contributions of Diversification, Promotion, and R&D to the Value of Multiproduct Firms: A Tobin's q ApproachFinancial Management, 15
J. Hassid (1977)
DIVERSIFICATION AND THE FIRM'S RATE OF GROWTHThe Manchester School, 45
R. Conn (1973)
PERFORMANCE OF CONGLOMERATE FIRMS: COMMENTJournal of Finance, 28
C. Hill (1983)
CONGLOMERATE PERFORMANCE OVER THE ECONOMIC CYCLEJournal of Industrial Economics, 32
Paulette Dubofsky, P. Varadarajan (1987)
Diversification and Measures of Performance: Additional Empirical EvidenceAcademy of Management Journal, 30
D. Ravenscraft (1983)
Structure-Profit Relationships at the Line of Business and Industry LevelThe Review of Economics and Statistics, 65
Fred McDougal, D. Round (1984)
A Comparison of Diversifying and Nondiversifying Australian Industrial FirmsAcademy of Management Journal, 27
Jay Galbraith, Robert Kazanjian (1986)
Strategy implementation : structure, systems, and process
W. Bane, Franklin Neubauer (1981)
Diversification and the failure of new foreign activitiesSouthern Medical Journal, 2
A. Heggestad, S. Rhoades (1978)
Multi-Market Interdependence and Local Market Competition in BankingThe Review of Economics and Statistics, 60
Robert Burgelman (1983)
Corporate Entrepreneurship and Strategic Management: Insights from a Process StudyManagement Science, 29
K. Smith, John Schreiner (1969)
A PORTFOLIO ANALYSIS OF CONGLOMERATE DIVERSIFICATIONJournal of Finance, 24
P. Haspeslagh (1989)
Portfolio Planning: uses and limits
A. Michel, I. Shaked (1984)
Does Business Diversification Affect PerformanceFinancial Management, 13
R. Pitts (1980)
Toward a Contingency Theory of Multibusiness Organization DesignAcademy of Management Review, 5
J. Weston, Surendra Mansinghka (1971)
TESTS OF THE EFFICIENCY PERFORMANCE OF CONGLOMERATE FIRMSJournal of Finance, 26
R. Westerfield (1970)
A NOTE ON THE MEASUREMENT OF CONGLOMERATE DIVERSIFICATIONJournal of Finance, 25
Mr.Briance Mascarenhas (1981)
Planning for flexibilityLong Range Planning, 14
F. Scherer, David Ross (1971)
Industrial Market Structure and Economic Performance.Journal of Finance, 26
C. Galbraith, B. Samuelson, Curt Stiles, G. Merrill (1986)
Diversification, Industry Research and Development, and Market Performance., 1986
M. Porter (1989)
From Competitive Advantage to Corporate Strategy
L. Donaldson (1987)
STRATEGY AND STRUCTURAL ADJUSTMENT TO REGAIN FIT AND PERFORMANCE: IN DEFENCE OF CONTINGENCY THEORYJournal of Management Studies, 24
David Hall, M. Saias (1980)
Strategy follows structureSouthern Medical Journal, 1
Cynthia Montgomery (1985)
Product-Market Diversification and Market PowerAcademy of Management Journal, 28
Cynthia Montgomery (1982)
The Measurement of Firm Diversification: Some New Empirical EvidenceAcademy of Management Journal, 25
Milton Leontiades (1986)
Managing The Unmanageable: Strategies For Success Within The Conglomerate
F. Bass, Philippe Cattin, D. Wittink (1978)
Firm Effects and Industry Effects in the Analysis of Market Structure and ProfitabilityJournal of Marketing Research, 15
Jon Didrichsen (1972)
The Development of Diversified and Conglomerate Firms in the United States, 1920–1970Business History Review, 46
R. Bettis, W. Hall (1982)
Diversification Strategy, Accounting Determined Risk, and Accounting Determined ReturnAcademy of Management Journal, 25
G. Allison, Philip Zelikow (1972)
Essence of Decision: Explaining the Cuban Missile Crisis
L. Amey (1964)
Diversified Manufacturing Businesses, 127
M. Utton (1977)
Large Firm Diversification in British Manufacturing IndustryThe Economic Journal, 87
Carolyn Woo (1984)
An Empirical Test of Value-Based Planning Models and ImplicationsManagement Science, 30
D. Abell (1980)
Defining the Business: The Starting Point of Strategic Planning
G. Chandrasekaran (1982)
Strategy, structure, market concentration and organization performance
H. Ansoff (1958)
A Model for DiversificationManagement Science, 4
Anil Gupta, V. Govindarajan (1986)
Resource Sharing Among Sbus: Strategic Antecedents and Administrative ImplicationsAcademy of Management Journal, 29
Cynthia Montgomery (1979)
Diversification, market structure, and firm performance : an extension of Rumelt's model
R. Grant, Azar Jammine, H. Thomas (1988)
DIVERSITY, DIVERSIFICATION, AND PROFITABILITY AMONG BRITISH MANUFACTURING COMPANIES, 1972-84Academy of Management Journal, 31
K. Davidson (1981)
LOOKING AT THE STRATEGIC IMPACT OF MERGERSJournal of Business Strategy, 2
J. Macdonald (1985)
R and D and the Directions of DiversificationThe Review of Economics and Statistics, 67
R. Bettis, V. Mahajan (1985)
Risk/Return Performance of Diversified FirmsManagement Science, 31
K. Davidson (1987)
DO MEGAMERGERS MAKE SENSEJournal of Business Strategy, 7
Harry Lynch (1971)
Financial performance of conglomerates
M. Hitt, R. Ireland, K. Palia (1982)
Industrial Firms' Grand Strategy and Functional Importance: Moderating Effects of Technology and UncertaintyAcademy of Management Journal, 25
Cynthia Montgomery, Ann Thomas, Rajan Kamath (1984)
Divestiture, Market Valuation, and StrategyAcademy of Management Journal, 27
R. Melicher, D. Rush (1974)
EVIDENCE ON THE ACQUISITION‐RELATED PERFORMANCE OF CONGLOMERATE FIRMSJournal of Finance, 29
Milton Leontiades (1986)
The Rewards of Diversifying Into Unrelated BusinessesJournal of Business Strategy, 6
Peter Dodd (1980)
Merger proposals, management discretion and stockholder wealthJournal of Financial Economics, 8
P. Halpern (1973)
Empirical Estimates of the Amount and Distribution of Gains to Companies in MergersThe Journal of Business, 46
D. Ravenscraft, F. Scherer (1982)
The lag structure of returns to research and developmentApplied Economics, 14
R. Amit, J. Livnat (1988)
Diversification strategies, business cycles and economic performanceSouthern Medical Journal, 9
R. Bettis, W. Hall (1981)
Strategic Portfolio Management in the Multibusiness FirmCalifornia Management Review, 24
D. Jacobs, R. Miles, K. Cameron (1982)
Coffin nails and corporate strategies
Rajan Varadarajan (1986)
Product Diversity and Firm Performance: An Empirical InvestigationJournal of Marketing, 50
J. Stopford, Louis Wells (1972)
Managing the multinational enterprise
R. Pitts, H. Hopkins (1982)
Firm Diversity: Conceptualization and MeasurementAcademy of Management Review, 7
R. Vancil, P. Lorange (1990)
Strategic Planning in Diversified Companies
J. Song (1982)
Diversification Strategies and the Experience of Top Executives of Large FirmsStrategic Management Journal, 3
D. Teece (1982)
Towards an economic theory of the multiproduct firmJournal of Economic Behavior and Organization, 3
Jeffrey Kerr, J. Slocum (1987)
Managing corporate culture through reward systemsAcademy of Management Executive, 19
D. Ciscel, R. Evans (1984)
Returns to corporate diversification in the 1970sManagerial and Decision Economics, 5
R. Amit, J. Livnat (1988)
Diversification and the Risk-Return Trade-offAcademy of Management Journal, 31
K. Palepu (1985)
Diversification strategy, profit performance and the entropy measureSouthern Medical Journal, 6
R. Pitts (1977)
The Relative Contribution of Internal Developments and Acquisitions To the Diversification of Large Industrial Firms., 1977
J. Bradley, D. Korn (1982)
THE CHANGING ROLE OF ACQUISITIONSJournal of Business Strategy, 2
J. Ferguson, Michael Gort (1963)
Diversification and Integration in American IndustrySouthern Economic Journal, 30
Toyohiro Kono (1984)
Strategy and structure of Japanese enterprises
F. Paine, D. Power (1984)
Merger strategy: An examination of Drucker's five rules for successful acquisitionsStrategic Management Journal, 5
George Yip (1982)
Diversification entry: Internal development versus acquisitionSouthern Medical Journal, 3
G. Day (1977)
Diagnosing the Product PortfolioJournal of Marketing, 41
D. Mcfetridge, R. Caves, M. Porter, A. Spence, John Scott (1980)
Competition in an Open Economy: A Model Applied to Canada
C. Berry (1974)
Corporate diversification and market structureThe Bell Journal of Economics, 5
M. Porter (1974)
Consumer Behavior, Retailer Power and Market Performance in Consumer Goods IndustriesThe Review of Economics and Statistics, 56
(1962)
Strategy and Structure: Chapters in the History of the American Industrial Enterprise
N. Napier, Mark Smith (1987)
Product diversification, performance criteria and compensation at the corporate manager levelSouthern Medical Journal, 8
P. Gorecki (1980)
A Problem of Measurement, from Plants to Enterprises in the Analysis of Diversification: A NoteJournal of Industrial Economics, 28
B. Hedley (1977)
Strategy and the “Business Portfolio”Long Range Planning, 10
Richard Ruback, M. Jensen (2002)
The Market for Corporate Control: The Scientific EvidenceCorporate Finance: Governance
N. Capon, James Hulbert, John Farley, L. Martin (1988)
Corporate diversity and economic performance: The impact of market specializationSouthern Medical Journal, 9
M. Hitt, R. Ireland (1987)
Peters and Waterman Revisited: The Unended Quest for ExcellenceAcademy of Management Executive, 1
Thomas Peters, R. Waterman (1983)
In search of excellence : lessons from America's best-run companiesAdministrative Science Quarterly, 28
M. Allen, Alexander Oliver, Edward Schwallie (1981)
THE KEY TO SUCCESSFUL ACQUISITIONSJournal of Business Strategy, 2
C. Berry (1971)
Corporate Growth and DiversificationThe Journal of Law and Economics, 14
D. Channon (1973)
The strategy and structure of British enterprise
B. Lev, G. Mandelker (1972)
The Microeconomic Consequences of Corporate MergersThe Journal of Business, 45
Gregory Dess, Peter Davis (1984)
Porter's (1980) Generic Strategies as Determinants of Strategic Group Membership and Organizational PerformanceAcademy of Management Journal, 27
R. Pitts (1974)
Incentive Compensation and Organization Design.The Personnel journal
R. Rumelt (1982)
Diversification strategy and profitabilitySouthern Medical Journal, 3
A. Jacquemin, C. Berry (1979)
Entropy Measure of Diversification and Corporate GrowthJournal of Industrial Economics, 27
J. Song (1983)
Diversifying acquisitions and financial relationships: Testing 1974-1976 behaviourSouthern Medical Journal, 4
S. Allen (1979)
Understanding Reorganizations of Divisionalized CompaniesAcademy of Management Journal, 22
P. Gorecki (1975)
An Inter-Industry Analysis of Diversification in the U.K. Manufacturing Sector
M. Lubatkin (1983)
Mergers and the Performance of the Acquiring Firm.Academy of Management Review, 8
Y. Suzuki (1980)
The Strategy and structure of top 100 Japanese industrial enterprises 1950–1970Southern Medical Journal, 1
S. Chatterjee (1986)
Types of Synergy and Economic Value: The Impact of Acquisitions on Merging and Rival FirmsSouthern Medical Journal, 7
S. Barton (1988)
Diversification Strategy and Systematic Risk: Another LookAcademy of Management Journal, 31
P. Varadarajan, V. Ramanujam (1987)
Diversification and Performance: A Reexamination using A New Two-Dimensional Conceptualization of Diversity in FirmsAcademy of Management Journal, 30
W. Souder, A. Chakrabarti (1984)
Acquisitions: Do They Really Work Out?Interfaces, 14
E. Nevin, S. Reid (1969)
Mergers, Managers and the Economy.The Economic Journal, 79
H. Christensen, Cynthia Montgomery (1981)
Corporate economic performance: Diversification strategy versus market structureSouthern Medical Journal, 2
Robert Kazanjian, R. Drazin (1987)
Implementing Internal Diversification: Contingency Factors for Organization Design ChoicesAcademy of Management Review, 12
Ranjana Das, B. Mohanty (1981)
Choosing a diversification project in a regulated economyLong Range Planning, 14
Milton Leontiades, A. Tezel (1981)
Research notes and communications. Some connections between corporate‐level planning and diversitySouthern Medical Journal, 2
R. Mason, Maurice Goudzwaard (1976)
Performance of Conglomerate Firms: A Portfolio ApproachJournal of Finance, 31
Amit Amit, Livnat Livnat (1988a)
Diversification strategies, business cycles and economic performanceStrategic Management Journal, 9
K. Dundas, P. Richardson (1980)
Corporate strategy and the concept of market failureStrategic Management Journal, 1
Y. Amihud, B. Lev (1981)
Risk Reduction as a Managerial Motive for Conglomerate MergersThe Bell Journal of Economics, 12
H. Levy, Marshall Sarnat (1970)
Diversification, Portfolio Analysis and the Uneasy Case for Conglomerate MergersJournal of Finance, 25
C. Hill, R. Hoskisson (1987)
Strategy and Structure in the Multiproduct FirmAcademy of Management Review, 12
R. Bühner (1987)
Assessing international diversification of West German corporationsStrategic Management Journal, 8
J. Stewart, Robert Harris, Willard Carleton (1984)
The Role of Market Structure in Merger BehaviorJournal of Industrial Economics, 32
M. Porter (1985)
Competitive Advantage: Creating and Sustaining Superior Performance
Irene Duhaime, John Grant (1982)
FACTORS INFLUENCING DIVESTMENT DECISION-MAKING: EVIDENCE FROM A FIELD STUDYSouthern Medical Journal, 5
J. Carter (1977)
In Search of Synergy: A Structure-Performance TestThe Review of Economics and Statistics, 59
R. Rumelt (1974)
Strategy, structure, and economic performance
David Jemison, S. Sitkin (1986)
Corporate Acquisitions: A Process PerspectiveAcademy of Management Review, 11
R. Grant, Azar Jammine, H. Thomas (1986)
The Impact of Diversification Strategy Upon the Profitability of British Manufacturing Firms., 1986
Jeffrey Kerr (1985)
Diversification Strategies and Managerial Rewards: An Empirical StudyAcademy of Management Journal, 28
B. Hako (1972)
Strategies for diversificationLong Range Planning, 5
R. Bettis, W. Hall (1981)
Risks and Industry Effects in Large Diversified Firms., 1981
R. Chenhall (1984)
DIVERSIFICATION WITHIN AUSTRALIAN MANUFACTURING ENTERPRISEJournal of Management Studies, 21
Anil Gupta, V. Govindarajan (1984)
Business Unit Strategy, Managerial Characteristics, and Business Unit Effectiveness at Strategy ImplementationAcademy of Management Journal, 27
M. Lubatkin (1987)
Merger strategies and stockholder valueSouthern Medical Journal, 8
R. Biggadike (1979)
The Risky Business of Diversification
D. Channon, M. Jalland (1978)
Multinational strategic planning
R. Pitts (1977)
Strategies And Structures For DiversificationAcademy of Management Journal, 20
J. Weston, K. Smith, R. Shrieves (1972)
Conglomerate Performance Using the Capital Asset Pricing ModelThe Review of Economics and Statistics, 54
Michael Porter (1980)
Competitive Strategy: Techniques for Analyzing Industries and Competitors
D. Mueller (1977)
The effects of conglomerate mergers : A survey of the empirical evidenceJournal of Banking and Finance, 1
S. Rhoades (1973)
The Effect of Diversification on Industry Profit Performance in 241 Manufacturing Industries: 1963The Review of Economics and Statistics, 55
Diversification has emerged as a central topic of research in strategic management. Although this topic has been widely and intensively studied by scholars from other areas such as industrial organization economics, financial economics, organization theory, and marketing, a synthesis of these diverse streams of research is lacking. This paper attempts such a synthesis with a view to fostering further strategic management research in this area by taking a multi‐disciplinary perspective on diversification. A wide‐ranging search of the literature led to the development of an overarching research framework that facilitates the classification of a vast body of literature. Proceeding from the framework, a critique of the literature is performed with a particular emphasis on studies by strategic management researchers. Five key conceptual and methodological problems are identified and discussed. Suggestions are offered for future research on diversification.
Strategic Management Journal – Wiley
Published: Nov 1, 1989
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.