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Abstract

For a company today, a convincing firm strategy as such is not a sufficient precondition for success. Turning strategy into reality is itself increasingly considered to be a source of competitive advantage (Barney, 2001; Govindarajan, 1988; Priem, 2001; Tsai & Ghoshal, 1998). Successfully driving the strategy realization process is particularly challenging for multibusiness firms as their growth and profitability potential lies not only vertically within one business unit but in collaboration and coordination activities across businesses as well (Goold, Campbell, & Alexander, 1994). It is increasingly recognized today that realizing cross-business value creation is the rationale for the existence of a diversified firm (Goold & Campbell, 1998a, 2000). A multibusiness firm which is not capable of realizing value creation across its businesses will face increasing pressure from financial investors to abandon one of its businesses (Müller- Stewens & Knoll, 2005a).

Keywords

Social Capital Human Resource Management Middle Manager Leadership Development Human Resource Management Practice 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Gabler Verlag | Springer Fachmedien Wiesbaden GmbH 2011

Authors and Affiliations

  • Eva Bilhuber Galli

There are no affiliations available

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