... that firms in the industries studies find it difficult to drive forward diversification processes. The analysis provides a theoretical explanation for the empirical results that can be found in the literature on the extent to which path dependency processes explain technology dynamics. Research...

... corporations may be attributed to excess resources developed in some businesses and applied to other businesses in the presence of transaction costs (Teece, 1980 , 1982). If these resources are valuable, rare, imperfectly imitable and difficult to substitute, then corporate diversification could yield...

...Ma Carmen Camelo‐Ordaz; Mariluz Fernández‐Alles; Fernando Martín‐Alcázar; Pedro M. Romero‐Fernández; Ramón Valle‐Cabrera The knowledge‐based theory argues that the strategy of internal diversification reflects a process of branching‐out, combination and transformation of the organization’s...