Access the full text.
Sign up today, get DeepDyve free for 14 days.
References for this paper are not available at this time. We will be adding them shortly, thank you for your patience.
Footnotes 1 . This section is based on Joel A. Bleeke, “Strategic Choices for Newly Opened Markets,” Harvard Business Review , September‐October 1990, 158–165. 2 . The trade‐off is that companies with excess financial resources are insulated from the discipline exerted by the capital markets. However, the weakening of managerial incentives that tends to come with financial “slack” is primarily a problem when a company generates substantial amounts of free cash flow. A firm in a deregulating industry facing falling profits and a high degree of uncertainty is unlikely to have much money to squander. 3 . These challenges are described by John F. Magee in “1992: Moves Americans Must Make,” Harvard Business Review , May‐June 1989. 4 . Michael E. Porter, The Competitive Advantage of Nations (Free Press: New York), 1990. See also his article on Europe 1992 titled “Don't Collaborate, Compete,” The Economist , June 9, 1990, 17–19. 5 . This example appears in Gary Hamel and C.K. Prahalad, “Strategic Intent,” Harvard Business Review , May‐June 1989, 63–76. 6 . This distinction is emphasized by Hamel and Prahalad, cited in note 5. 7 . The notion of undercutting competitors in their home market is explored in
Journal of Applied Corporate Finance – Wiley
Published: Jan 1, 1991
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.