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Thirty Years After Michael E. Porter: What Do We Know About Business Exit?

Decker, Carolin and Mellewigt, Thomas (2007). Thirty Years After Michael E. Porter: What Do We Know About Business Exit? Academy of Management Perspectives, 21(2) pp. 41–55.

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DOI (Digital Object Identifier) Link: https://doi.org/10.5465/amp.2007.25356511
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Abstract

Although a business exit is an important corporate change initiative, the buyer’s side seems to be more appealing to management researchers than the seller’s because acquisitions imply growth, i.e., success. Yet from an optimistic viewpoint, business exit can effectively create value for the selling company. In this paper we attempt to bring the relevance of the seller’s side back into our consciousness by asking: What do we know about business exit? We start our exploration with Porter (1976), focusing on literature that investigates the antecedents of, barriers to, and outcomes of business exit. We also include studies from related fields such as finance and economics.1 Through this research we determine three clusters of findings: factors promoting business exit, exit barriers, and exit outcomes. Overall, it is the intention of this paper to highlight the importance of business exit for research and practice. Knowing what we know about business exits and their high financial value we should bear in mind that exit need not mean failure but a new beginning for a corporation.

Item Type: Journal Item
Copyright Holders: 2007 Academy of Management Perspectives
ISSN: 1943-4529
Keywords: management science - research; consolidation & merger of corporations - management; industrial management; corporations - growth; economics - research; sale of business enterprises; valuation - economic aspects; growth industries; sales management
Academic Unit/School: Faculty of Business and Law (FBL) > Business > Department for Public Leadership and Social Enterprise
Faculty of Business and Law (FBL) > Business
Faculty of Business and Law (FBL)
Item ID: 54472
Depositing User: Carolin Decker-Lange
Date Deposited: 17 Apr 2018 11:25
Last Modified: 07 Dec 2018 20:10
URI: http://oro.open.ac.uk/id/eprint/54472
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