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Can I read Capacity Rationalization and Exit Strategies on EtoBox?
Capacity Rationalization and Exit Strategies by Andrew Wood is a Business, Management and Accounting article available to read on EtoBox.
What is Capacity Rationalization and Exit Strategies about?
## Abstract A case study of the response to chronic excess capacity in a small competitive industry (the manufacturing of clay bricks) permits a generalization of Bower's concentration hypothesis. Barriers to exit produced a free rider problem where only smaller and lower quality brick plants were shut when the efficient solution demanded major closures. The exit logjam was resolved by the strategic actions of growth‐maximizing managers. They used major acquisitions as the basis for substantial reductions in firm and industry capacity while growing their own market share. The fall in industry capacity enabled other firms to follow suit while maintaining their market share as predicted by prospect theory. Copyright © 2008 John Wiley & Sons, Ltd.
Who reads Capacity Rationalization and Exit Strategies?
It is typically read by researchers, students, and practitioners in Business, Management and Accounting.
- Author
- Andrew Wood
- Publisher
- John Wiley and Sons; Wiley (John Wiley & Sons); John Wiley & Sons Inc.; Wiley (ISSN 0143-2095)
- Published
- 2008
- Language
- EN
- Field
- Business, Management and Accounting (Social Sciences)