Purpose – Diversified business groups have become active players in Chinese economy in the recent years. While several studies have been conducted to examine the role of external factors such as market imperfection on firms' decisions to diversify, relatively few efforts have been made to...

Purpose – This paper aims to provide an in‐depth analysis of the economic, operational and strategic aspects of the Toyota recall crisis, as well as its implications for the global auto industry and its competitive dynamics in the future. Design/methodology/approach – The paper provided a...