Why companies succeed or fail: corporate cycles and firm function in tandem

Q2 Business, Management and Accounting

Journal of Business Strategy Pub Date : 2021-12-27 DOI:10.1108/jbs-09-2021-0164

P. Mourdoukoutas, Abraham Stefanidis

引用次数: 2

Abstract

Purpose This paper aims to underscore the need for developing a model of corporate cycles, which can explain how corporations rise, decline and fall in the marketplace. Design/methodology/approach This is a conceptual study that draws on prior theoretical and empirical insights of the entrepreneurial, managerial and social functions of the firm to develop a model of corporate cycles. Findings Firms that pass the test of the market and live for a long time, undergo cycles, expansions and contractions, driven by successes and failures in the way they configure and execute their entrepreneurial, managerial and social, functions. Practical implications A model of corporate cycles can explain how momentum rises and falls on Wall Street. It can also help predict revenue growth, a key variable in equity valuation models. Originality/value The originality of this study stems from a constructive synthesis of different concepts and theories of the firm to explain firms’ growth, decline and fall in the marketplace.

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公司成功或失败的原因：公司周期和公司职能的协同作用

目的本文旨在强调开发一个企业周期模型的必要性，该模型可以解释企业如何在市场中崛起、衰落和衰落。设计/方法论/方法这是一项概念研究，利用先前对企业创业、管理和社会职能的理论和经验见解，开发企业周期模型。发现通过市场测试并长期生存的公司，在配置和执行其创业、管理和社会职能的成功和失败的驱动下，经历了周期、扩张和收缩。实际含义企业周期模型可以解释华尔街的动量是如何上升和下降的。它还可以帮助预测收入增长，这是股票估值模型中的一个关键变量。独创性/价值本研究的独创性源于对企业不同概念和理论的建设性综合，以解释企业在市场中的成长、衰落和衰落。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Business Strategy Business, Management and Accounting-Management Information Systems

CiteScore

4.50

自引率

0.00%

发文量

期刊介绍： The Journal of Business Strategy publishes articles with a practical focus designed to help readers develop successful business strategies. Articles should say something new or different and may propose a unique perspective. They should not offer prescriptions to CEOs on how to manage, but rather be directed toward middle and senior managers at companies of all sizes and types, as well as consultants and academics who want to think about their businesses in new ways. Coverage: As one of the few journals dedicated to business strategy, JBS defines strategy in the broadest sense and thus covers topics as diverse as marketing strategy, innovation, developments in the global economy, mergers & acquisition integration and human resources. We have a penchant for substantive, provocative and well-written articles. We also like to break the mould and include articles on topics readers are unlikely to find in other business publications.