Charles William Leslie Hill

University of Washington | UW · Department of Management

The authors do not have rights to distribute the full-text online so only the table of contents and front matter are provided here. If you are an instructor seeking a review copy or teaching supplements, please use this link to locate your Cengage representative: http://www.cengage.com/repfinder/ Brief Contents PART ONE INTRODUCTION TO STRATEGIC...

The authors do not have rights to distribute the full-text online so only the table of contents and front matter are provided here. If you are an instructor seeking a review copy or teaching supplements, please use this link to locate your Cengage representative: http://www.cengage.com/repfinder/ Brief Contents PART ONE INTRODUCTION TO STRATEGIC...

ABSTRACTA cluster analysis of questionnaire data is used to classify a sample of 156 large United Kingdom firms according to their internal control type. Interactions between the control types identified, strategy and size, are hypothesized to have an impact upon financial performance. Testing these hypotheses raises a number of issues concerning t...

Questionnaire survey data from 144 large U.K. firms are used to describe and discuss the nature of organization design in major companies. It was found that the majority of firms were multidivisional. However a considerable variation in internal operating procedures was found which emphasized that many multidivisional companies do not behave in the...

What should copyright holders do about the piracy of digital media? This paper first discusses the causes of piracy, with particular reference to the factors that lead consumers to engage in piracy en masse. Then it explores the consequences of piracy for copyright holders. The final section of the paper builds upon the proceeding sections to look...

The point of departure is a competence-destroying technological discontinuity. We posit that the type of complementary assets (generic vs. specialized) needed to commercialize the new technology is critical in determining the industry- and firm-level performance in the post-discontinuity time period. If generic complementary assets are needed to co...

A persistent theme in the academic literature on technological innovation is that incumbent enterprises have great difficulty crossing the abyss created by a radical technological innovation. It is argued that incumbents go into decline, while new entrants rise to market dominance by exploiting the new technology. While many incumbent organizations...

A persistent theme in the academic literature on technological innovation is that incumbent enterprises have great difficulty crossing the abyss created by a radical technological innovation and, thus, go into decline, while new entrants rise to market dominance by exploiting the new technology. However, this tendency is not universal. There are ou...

In this study, we investigate a central tenet of the resource-based view of the firm-that tacit knowledge often lies at the core of sustainable competitive advantage-and attempt to articulate it with greater theoretical precision than has been done previously. Using data from the National Basketball Association, we find support for a predicted posi...

Using a sample of export intermediaries connecting domestic producers and foreign buyers, the study tests competing hypotheses on firm performance derived from the Austrian and transaction cost perspectives. Specifically, the Austrian perspective suggests that the more distant the export market and the more complex the product that the intermediary...

Like a photographer trying to take a perfect picture, an entrepreneur trying to increase the odds of survival must learn very quickly that focus is everything. And what demands an entrepreneur’s immediate focus is the development of new products. Entrepreneurial ventures depend on the rapid creation of new products to gain access to early cash flow...

Despite the rapid increased of attention given to new product development (NPD), development project failure rate is still very high. Many companies develop interesting products, but only those firms that are effective in developing products that meet customer needs and efficient in allocating their development resources will succeed in the long ru...

Contingent work is an increasingly integral part of the world of work, affecting firms' abilities to accumulate knowledge, create value, and establish competitive advantage. Although its growing use reflects a belief that firms can reduce cost structures and increase strategic flexibility, we suggest that in certain contexts, such as dynamic enviro...

For many industries, new product development is now the single most important factor driving firm success or failure. The emphasis on new products has spurred researchers from strategic management, engineering, marketing, and other disciplines to study the new product development process. Most conclude that in order to be successful at new product...

This paper is concerned with exploring the degree to which industry structure determines firm performance. Most of the business policy literature follows Porter in arguing that industry structure has an important influence on firm level profit rates. the arguments contained in this paper take a counter position. It is argued that a plausible altern...

A key to success in industries populated by entrepreneurial high-technology firms is the rate at which the firm develops new products. Rapid product development creates significant advantages for entrepreneurial firms, including access to early cash flows, external visibility, legitimacy, and early market share. The higher a firm's rate of new prod...

This paper identifies important research issues at the international, corporate, and business levels of strategy research. In addition, research questions that require integration across multiple levels of strategy as well as the incorporation of both the content and process dimensions of strategy are addressed.

Japan’s economic success since World War II has been striking. Modern Japan was the first major industrial economy to emerge from outside the Western tradition. Economically devastated in 1945, by 1990 Japan had the world’s second largest economy and a GDP per head 20 percent greater than that of the United States. In this paper it is argued that o...

In this paper we argue that unobservable constructs lie at the core of a number of influential theories used in the strategic management literature—including agency theory, transaction cost theory, and the resource-based view of the firm. The debate over how best to deal with the problem of unobservables has raged in the philosophy of science liter...

The theory articulated in this paper suggests that the desire to reduce demand and competitive uncertainty are two separate, important motives for alliance formation. Taking this as a starting point, we predict the configuration of horizontal alliances that we might expect to observe within an industry when firms experience these uncertainties to d...

Incentives for division managers in large firms affect their risk orientation and thus their decisions to invest in R&D. This paper reviews theory and hypothesizes that division managers' incentive compensation that is based on financial performance is negatively related to risk taking as measured by R&D intensity. Results of a study of 184 major U...

The multidivisional (M-form) structure has been variously characterized as the most significant organizational innovation in the twentieth century (Williamson, 1985) and as an organizational fossil that is increasingly irrelevant in the modern world (Bettis, 1991). Against this background, the purpose of this paper is threefold. First, to criticall...

Herein we argue that different diversification strategies are associated with different sets of economic benefits. Firms that have diversified into related areas can realize benefits from economies of scope, while those that have diversified into unrelated areas can realize benefits from efficient internal governance mechanisms. We hypothesize that...

It has been argued that a firm's propensity to violate federal laws and regulations is related to firm size, diversity, financial pressures, and organizational structure and processes (Clinard & Yeager, 1980). The current paper tests these propositions using United States data from the Occupational Safety and Health Administration and the Environme...

Given the limits of the patent systems, an innovating firm faces a difficult strategic conundrum: should it license its new technology to competitors or not? If the innovating firm does not license its new technology, competitors may quickly develop their own, possibly better, version of the technology. On the other hand, if imitation of the new te...

Taking agency theory and stakeholder theory as points of departure, this article proposes a paradigm that helps explain the following: (1) certain aspects of a firm's strategic behaviour; (2) the structure of management-stakeholder contracts; (3) the form taken by the institutional structures that monitor and enforce contracts between managers and...

The degree of risk taking by lower level (division) managers is expected to vary depending upon the extent and type of diversification. Limited diversification, when coupled with M-form adoption and decentralization, induces managerial risk taking. Notwithstanding, the control system elaborations (e.g., strategic business unit [SBU] structures) to...

The paper hypothesizes that diversification by firms based in the pharmaceutical industry during the 1977-86 time period was primarily undertaken to reduce the risks associated with being dependent upon a technologically dynamic environment. Consistent with this non-efficiency motive for diversification, declining economic performance is predicted....

This paper examines the popular myth that managers in high-technology industries are altering their critical R&D investments in response to the short-term profit pressures of large institutional stockholders. The study entails an empirical examination of the relationship between R&D spending and institutional ownership over a 10-year period for 129...

Transaction cost theorists have generally neglected to consider the implications that the invisible hand of the market mechanism can have for the risk of opportunism. In the long run, the invisible hand deletes actors whose behaviors are habitually opportunistic. Consequently, as markets move toward the state of competitive equilibrium, the risk of...

The choice of entry mode into a foreign market has a major impact on the success of a firm's international operations. However, the existing literature on the entry mode decision has either presented a list of considerations without identifying underlying constructs, or treated each entry decision in isolation. Here, a unifying framework is develop...

This paper examines the relationship between R&D spending and institutional ownership for firms based in five industries. Contrary to the view that institutional investors are having a damaging affect on R&D spending, the results suggest that higher levels of institutional ownership are associated with greater R&D expenditures.

This paper explores the proposition that the divergence of interest between managers and stockholders has implications for corporate strategy and firm profitability. Stockholders prefer strategies which maximize their wealth. Managers prefer strategies which maximize their utility. It is theorized that in research-intensive industries, when stockho...

In the policy literature there is an assumption that the generic business-level strategies of differentiation and overall cost leadership are generally inconsistent. Contrary to this view, this article presents a contingency framework in which differentiation can be a means for firms to establish an overall low-cost position and discusses that a co...

This paper constructs a transaction cost model that provides an explanation for the transition between two distinct governance modes for serving a foreign market; a wholly owned subsidiary and licensing. The paper initially outlines a single-period model of the factors that influence a firm's choice of governance mode. The model is then extended, f...

Using a transaction cost approach this paper analyzes the relationship between strategy, structure and organizational performance. It addresses three related questions. First, what determines the limit to growth through internalization for a firm pursing a particular strategy? Second, why does a firm pursue different strategies for achieving growth...

It is proposed that, within the population of M-form firms, the control systems necessary to realize economic benefits from interrelationships between subunits o f a firm are incompatible with the systems necessary to realize benef its from an M-form type internal capital market. This hypothesis is t ested on 156 large U.K. firms. Questionnaire dat...

This paper focuses on three strategies for realizing economic benefits from the multiproduct firm: vertical integration, related diversification, a n d unrelated diversification. The paper identifies economic benefits of the strategies a n d links them with the organizational control re-quirements necessary to realize these benefits. Organizational...

The research reported in this paper is based upon the theoretical work of O. E. Williamson (1970, 1975) concerning the impact of internal organizational form upon business behaviour and enterprise financial performance. A sample of 144 large UK firms are classified according to the organizational classification scheme developed by Williamson and Bh...

This paper looks at the causes and competitive consequences enterprise diversification with reference to the experience of twelve large UK firms. It is noted although the majority of these firms diversified intially for defensive reasons, continuing diversification was often undertaken to enable the firm to maintain a satisfactory rate of earnings...

Traducción de: Strategic management. An integrated approach Contiene: Introducción a la administración estratégica; La naturaleza de la ventaja competitiva; Estrategias; Implementación de la estrategia; Casos en administración estratégica.

Incluye bibliografía Casos para ejemplificar la aplicación de la planeación estratégica en administración.

Contenido: I. Introducción a la administración estratégica. II. La naturaleza de la ventaja competitiva. III. Estrategias. IV. Implementando la estrategia y V. Casos en administración estratégica.

Traducción de: Strategic management Incluye bibliografía e índice