dabznal心gement 1991 Vol. 17 No. 1 99-120 ‚ ‚ ‚ Firm Resources and Sustained Competitive Advantage JayBarney 海’xas A&M University Understanding sources of sustained competitive advantage has become a major area of research in strategic management‚ Building on the assumptions that strategic resources are heterogeneously distributed across firms and that these d，胡erences are stable over time‚ this article examines the link betweenfirm resources and sustained conψeti tive advantag，ι
Premium Strategic management Management
JENKENS & GILCHRIST: THE RISE AND FALL OF A MODERN LAW FIRM By Cheryl L. Mullin It is not the strongest of the species that survive‚ nor the most intelligent‚ but the one most responsive to change ~ Charles Darwin. I. INTRODUCTION Jenkens & Gilchrist was a Dallas-based law firm that grew rapidly in the 1990s‚ primarily through mergers‚ acquisitions‚ and lateral hires. But when it was formed in 1951‚ the partners had no national aspirations. Its only purpose‚ in fact‚ was to serve the
Premium Tax Internal Revenue Service
Why Do Some Firms Become Global? 1. Introduction More and more companies all over the world have joined the army of firms that are running globally. Reasons of companies becoming increasingly international can vary‚while the ultimate goal of going global turns out to be growth and expansion of the company. No matter whether a firm employs staff from international labour market or looks for exploration of new markets overseas‚ corresponding strategies can contribute a great deal to diversification
Premium Strategic management International trade Marketing
STUDY ON ACUMEN GROUP Submitted by Manish Mohammed Yaseen Vishnu S Mohan CONTENTS I. EXECUTIVE SUMMARY……………………………………………………………….3 II. INTRODUCTION………………………………………………………………………...4 * CAPITAL MARKET REFORMS AND DEVELOPMENT…………………………...7 * STOCK MARKET INTRODUCTION…………………………………………………8 III. ACUMEN CAPITAL LTD………………………………………………………………10 IV. MIS SYSTEM IN THE COMPANY…………………………………………………….12 V. METHODS AND DATA USED………………………………………………………
Premium Stock exchange Stock market Stock
Initial Public Offering for a Global Firm Introduction Initial Public Offering is a rigorous process where a firm decides to go public in order to enable it raise capital for the company that will enable it to fund its operations such as expansion plans‚ generate profits as well as make its investors happy. For the IPO to go successfully there are a number of important factors and players that come into consideration. These include investment bankers‚ underwriters‚ pricing‚ demand and supply among
Premium Initial public offering Underwriting Security
Holy The Firm by Annie Dillard “Death of a Moth” is a short essay from the author‚ Annie Dillard‚ called Holy the Firm‚ and also one of her most personal essay that she’s ever written. It is about the burning moths‚ her belief in God‚ and acceptance of her faith to being a writer. She uses the death of the moths to tell us nature’s cycle of life. Everything is the same‚ human and animal‚ life and death. In the end‚ they will all end up like the moth being burned up by candle light. In the
Premium Life English-language films Virginia Woolf
criminal defense attorney or defence lawyer for a family member or even yourself can often be a stressful and sometimes confusing ordeal. It can be unarguably one of the most difficult experiences when dealing with the law. Below you will find a breakdown of four simple steps on how to select the right criminal defence lawyer and at the same time this guide will hopefully make the process of unearthing the right defence attorney easier. Step 1. Understand what type of attorney is right for you.
Premium Law Lawyer Criminal law
IPO refers to a situation when a company issues common stock or shares to the public for the first time. The process generally involves one or a syndicate of investment banks. The sale of shares in an IPO may take several forms. In a firm commitment agreement‚ the bank acts as an underwriter by purchasing the securities from the issuer at a mutually agreed price with a view of reselling them to the public at a margin. For the issuer‚ it is the safest but the most expensive type of agreement. It
Premium Stock Stock market Sales
CHAPTER 18 VALUATION AND CAPITAL BUDGETING FOR THE LEVERED FIRM Answers to Concepts Review and Critical Thinking Questions 1. APV is equal to the NPV of the project (i.e. the value of the project for an unlevered firm) plus the NPV of financing side effects. 2. The WACC is based on a target debt level while the APV is based on the amount of debt. 3. FTE uses levered cash flow and other methods use unlevered cash flow. 4. The WACC method does not explicitly include the interest cash
Premium Depreciation Weighted average cost of capital Corporate finance
advantage ( see for instance Barney‚ 1991 and Peteraf and Barney‚ 2003). First‚ this model assumes that firms within an industry (or within a strategic group) may be heterogeneous with respect to the bundle of resources that they control. Second‚ it assumes that resource heterogeneity may persist over time because the resources used to implement firms’ strategies are not perfectly mobile across firms (i.e.‚ some of the resources cannot be traded in factor markets and are difficult to accumulate and
Premium Case study Product life cycle management Qualitative research