ENGLISH

Growth from Chaos: Developing Your Firm's Resources to Achieve Profitability without Cost Cutting

By Michael L. Pettus

Book information

Year
2003
ISBN
1567206336, 9781567206333
Open Library ID
OL8673229M
Language
english
Format
PDF
Filesize
13 MB (14073185 bytes)
Pages
256\256
Scanned
yes
Time added
2011-06-04 13:46:07

Description

We live in a chaotic world. Some of the chaos results from poor decision-making (e.g., Enron, Arthur Andersen, WorldCom). Yet other aspects of chaos (war, terrorist attacks, etc.) are beyond a firm's control. This book demonstrates that firm growth is more dependent on how a firm develops its resource base over time. Examining actual firm growth in several industries, with a focus on trucking, the airline industry, and the North American railroad industry, Pettus shows that a specific resource sequencing leads to higher firm growth than other sequencing patterns. This sequencing pattern is similar across transportation industries, and the pattern may be applicable to other industries.Decisions that firms make with respect to how resources are developed must balance the need for growth in the current time period with the need for growth over the long term. Firms can build sustainable growth by developing resources in a specific sequence; in essence, firms have control over their growth, even when confronted with ever-changing environmental conditions.

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