| Authors |
|
| Publication date |
2009
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| Series |
FEEM Working Paper, 48.2010
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| Number of pages |
15
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| Publisher |
Milano: FEEM
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| Organisations |
-
Faculty of Economics and Business (FEB) - Amsterdam Business School Research Institute (ABS-RI)
|
| Abstract |
Established firms often fail to maintain leadership following disruptive market shifts. We argue that such firms are more prone to internal resistance. A radical adjustment of assets affects the distribution of employee rents, creating winners and losers. Losers resist large changes when strong customer goodwill cushions the consequences. Partial adaptation may lead winners to depart to form new firms with no goodwill, but no internal resistance.
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| Document type |
Working paper
|
| Note |
November 23, 2009
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| Language |
English
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| Published at |
https://doi.org/10.2139/ssrn.1603801
|
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