The purpose of this study is to extend the current understanding of business divestiture by investigating its potential for triggering strategic reorientation. A divestiture involving strategic reorientation is here denoted as a strategic business exit, otherwise it is a status quopreserving...

Hidden Champions (HCs) are firms unknown to the wider public, but global leaders in the niche markets they serve. This paper looks at distinctive features of these firms, focusing on their dynamic capabilities. Employing a unique data base on German firms, we identify a representative sample of...

This study is framed against the increasingly stringent environmental demands on the pulp and paper industry since the late-1980s to reduce water and air pollution, and the global economic slowdown of the early-1990s. The primary focus of this paper is an observation-based analysis conducted by...

Deutsche Unternehmen des Maschinen- und Anlagenbaus und verwandter Branchen wie der Automobil- und Elektroindustrie nehmen im globalen Wettbewerb eine Spitzenposition ein. Im Zuge der Finanz- und Schuldenkrise fiel der Branchenumsatz im Jahr 2008 um 22,6 Prozent. In den beiden Folgejahren...