Abstract
We propose a formal model of firm growth through replication that considers the extent of the investment to adapt routines as replication unfolds and the portion of this investment that goes toward innovation in the routines. The use of these two investment constructs brings about four types of growth policies. We use a utility function that considers proxies for both growth and failure potential to uncover the role played in selecting these policies by the economic environment of the targeted market for expansion. Our analysis further reveals the importance of the innovation-relative-to-imitation investment efficiency in adapting the routines to be replicated while selecting a growth policy. The refinement of a replication theory through our
analysis of growth policies result in two testable hypotheses.
analysis of growth policies result in two testable hypotheses.
| Original language | English |
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| Title of host publication | POMS 2012 : 23rd Annual Conference of the Production and Operations Management Society |
| Editors | Tobias Schoenherr, Sahil Seshadri |
| Number of pages | 36 |
| Place of Publication | Chicago |
| Publisher | The University of Chicago Booth School of Business |
| Publication date | 2012 |
| ISBN (Print) | 9780615618586, 0615618588 |
| Publication status | Published - 2012 |
| Event | The 23rd Annual Conference of the Production and Operations Management Society. POMS 2012 - Chicago, IL, United States Duration: 20 Apr 2012 → 23 Apr 2012 Conference number: 23 http://www.pomsmeetings.org/ConfProceedings/025/ |
Conference
| Conference | The 23rd Annual Conference of the Production and Operations Management Society. POMS 2012 |
|---|---|
| Number | 23 |
| Country/Territory | United States |
| City | Chicago, IL |
| Period | 20/04/2012 → 23/04/2012 |
| Internet address |