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Chandler studied the strategies and structures of large American firms from 1909 to 1959. He concluded that changes in corporate strategy typically preceded and caused changes in organizational structure. Chandler identified five common stages of growth strategy: 1) volume expansion, 2) geographic expansion, 3) vertical integration, 4) product diversification. As firms progressed through these stages of strategic growth, their organizational structures also evolved through four stages from a centralized Sys

Author

Sougata Banerjee

Language

EN