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Growth from Chaos Developing Your Firm's Resources to Achieve Profitability without Cost Cutting
Michael L. Pettus
ISBN: 1-56720-633-6
ISBN-13: 978-1-56720-633-3
256 pages
Praeger Publishers
Publication: 12/30/2003
List Price: $69.95 (UK Sterling Price: £48.95)
Discount Price: $34.98 Sale Price for U.S. Customers Only. Save 50%. Ends 12/31/2009.
Availability: In Stock
Media Type: Hardcover
Trim Size: 6 1/8 x 9 1/4
Subjects:
Description: We live in a chaotic world. Some of the chaos results from poor decision-making (e.g., Enron, Arthur Andersen, WorldCom). Yet other aspects of chaos (war, terrorist attacks, etc.) are beyond a firm's control. This book demonstrates that firm growth is more dependent on how a firm develops its resource base over time. Examining actual firm growth in several industries, with a focus on trucking, the airline industry, and the North American railroad industry, Pettus shows that a specific resource sequencing leads to higher firm growth than other sequencing patterns. This sequencing pattern is similar across transportation industries, and the pattern may be applicable to other industries.

Decisions that firms make with respect to how resources are developed must balance the need for growth in the current time period with the need for growth over the long term. Firms can build sustainable growth by developing resources in a specific sequence; in essence, firms have control over their growth, even when confronted with ever-changing environmental conditions.
Table of Contents:
  • Preface
    Acknowledgments
    Introduction
    Firm Growth Is a Strategic Process
    Growth over Time Does Not Depend upon a Friendly Environment
    A Framework for Achieving Long-Term Domestic and International Growth
    Deregulation and Growth: An Inhibitor or and Accelerator?
    Trucking Deregulation: Why Firms Failed
    Trucking Deregulation: Patterns of Growth
    The Restructuring of the U.S. Airline Industry
    The Radical Transformation of the U.S. Railroad Industry
    The Future of the U.S. Airline Industry
    Patterns Generating Long-Term Growth
    Index
About the Author: MICHAEL L. PETTUS is Associate Professor at the Tabor School of Business, Millikin University, in Decatur, Illinois.
LCC Class: 338
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