Purpose – To explore the relationship between managers' cognitive maps and their performance as managers at the same level in the same organisation. Design/methodology/approach – Field study involving 30 branch managers in a financial services organisation operating in New Zealand. A...

Brings together the different strands of the divestment literature – industrial organization, finance, and corporate strategy – which have been developing over the last 20 years. Points to be increased resort to divestment by corporate managers and suggests that this adaptive activity should...