Constantinos C. Markides and Peter J. Williamson. Corporate Diversification and Organizational Structure: A Resource-Based View. The Academy of Management Journal, 39(2):340–367, 1996. doi:10.2307/256783.
@article{markides_corporate_1996,
abstract = {We argue that related diversification enhances performance only when it allows a business to obtain preferential access to strategic assets--those that are valuable, rare, imperfectly tradable, and costly to imitate. As the advantage this access affords will decay as a result of asset erosion and imitation by single-business rivals, in the long run only competences that enable a firm to build new strategic assets more quickly and efficiently than competitors will allow it to sustain supernormal profits. Both short- and long-run advantages are conditional, however, on organizational structures that allow the firm's divisions to share existing strategic assets and to transfer the competence to build new ones efficiently.},
author = {Markides, Constantinos C. and Williamson, Peter J.},
doi = {10.2307/256783},
issn = {0001-4273},
journal = {The Academy of Management Journal},
number = {2},
pages = {340-367},
shorttitle = {Corporate {{Diversification}} and {{Organizational Structure}}},
title = {Corporate {{Diversification}} and {{Organizational Structure}}: {{A Resource}}-{{Based View}}},
volume = {39},
year = {1996}
}