000			01348naa a2200181uu 4500
001			0042610261337
003			OSt
005			20240430152544.0
008			100426s2009 xx ||||gr |0|| 0 eng d
100	1		_939616 _aWood, Andrew
245	1	0	_aCapacity rationalization and exit strategies
260			_aBognor Regis : _bWiley-Blackwell, _cJanuary 2009
520	3		_aA 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.
773	0	8	_tStrategic Management Journal _g30, 1, p. 25-44 _dBognor Regis : Wiley-Blackwell, January 2009 _xISSN 01432095 _w
942			_cS
998			_a20100426 _b1026^b _cDaiane
998			_a20100428 _b1709^b _cCarolina
999			_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c32552 _d32552
041			_aeng