Resistance to Change

Established firms often fail to maintain leadership following disrup tive market shifts. We argue that such firms are more prone to internal resistance. A radical adjustment of assets affects the distribution of employee rents, creating winners and losers. Losers resist large changes when strong customer goodwill cushions the consequences. Partial adaptation may lead winners to depart to form new firms with no goodwill, but no internal resistance

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Year of publication:	2013
Authors:	Dow, James
Other Persons:	Perotti, Enrico C. (contributor)
Publisher:	[2013]: [S.l.] : SSRN

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Extent:	1 Online-Ressource (16 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 19, 2013 erstellt
Other identifiers:	10.2139/ssrn.2356936 [DOI]
Classification:	D02 - Institutions: Design, Formation, and Operations ; D23 - Organizational Behavior; Transaction Costs; Property Rights ; L25 - Firm Size and Performance
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013072770