Strategic Management Review > Vol 2 > Issue 2

Corporate Renewal across Businesses and Countries

Heather Berry, George Washington University, School of Business, USA, , Aseem Kaul, University of Minnesota, Carlson School of Management, USA,
Suggested Citation
Heather Berry and Aseem Kaul (2021), "Corporate Renewal across Businesses and Countries", Strategic Management Review: Vol. 2: No. 2, pp 205-233.

Publication Date: 14 Sep 2021
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Corporate renewalresources and capabilitiesproduct marketsgeographic marketsfactor marketsdiversified firmsmultinational corporations


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In this article:
Resource Exploitation and Resource Augmentation in Diversified Firms 
Opportunities for International Business Research 
Opportunities for Corporate Strategy Research 


This study brings together research in corporate strategy and international business to develop an integrated theoretical framework of corporate renewal in diversified firms. We distinguish between two approaches to corporate renewal: resource exploitation in response to changes in output markets; and resource augmentation in response to changes in input markets. Although both types of renewal take advantage of a diversified firms' access to a wider range of markets, they represent fundamentally different mechanisms, making it important to distinguish between them. Overall, our study offers a conceptual bridge between parallel work in the corporate strategy and international business research streams, while highlighting important opportunities for future research for both literatures.



Strategic Management Review, Volume 2, Issue 2 Special issue on Corporate Renewal
See the other articles that are part of this special issue.