Firm, industry, and strategy influences on choice of downsizing approach

Article Abstract:

A study examined the strategic choice involved in downsizing. This research focused on firm, industry and strategy influences on unique combinations of reductions of physical, human and organizational systems. It employed a 30-year longitudinal database of downsizing initiatives by 21 farm equipment manufacturer. Findings revealed that firm-level influences were the exclusive indicators of broad-firm choice of downsizing approach while industry-level influences were the single predictors of the focus-firm downsizing approach. Therefore, the strategy of the firm reflects the comparative impact of firm and industry influences on downsizing choice. Implications and recommendations for further research were discussed.

Farm Machinery and Equipment Manufacturing, Farm machinery and equipment, Farm & Garden Equipment, Planning, Agricultural equipment, Business enterprises, Agricultural supplies industry, Downsizing (Management), Agricultural equipment and supplies industry, Agricultural equipment industry

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The functions of the HQ unit in the multibusiness firm

Article Abstract:

Administrative activities designed to minimize losses and entrepreneurial activities aimed at creating value are the basic functions of the corporate headquarters (HQ) of a diversified conglomerate. The management of these two basic HQ functions tend to mirror the different characteristics of the industries in which conglomerates operate. An examination of the historical experience of US and UK conglomerates reveals that the manner in which the HQ implements these functions largely determines the routes taken to achieve sustained corporate growth as well as the limits that constrain that growth.

Management, Conglomerate corporations

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The relationship between growth, profitability, and firm value

Article Abstract:

Predictions drawn from value-based planning models are examined. They suggest that shareholder value is influenced by profitability and growth in the manner predicted by the model. However, the relationship between value, growth and profitability is conditional. It is also shown that Tobin's q-ratio and market-to-book equity ratios are equivalent measures of value creation.

Models, Analysis, Profit, Profits, Financial research

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