The dissertation and thus the submitted research project plan aim at
examining the dynamics of portfolio configuration of multibusiness
firms based on their underlying (configurational) resource
allocation. Due to an increasingly complex environment, the meaning
and activity of portfolio configuration, as the way multibusiness
firms change their business portfolio through investments,
divestments, and cooperations, have increased considerably over
several decades. However, process-oriented research of how
multibusiness firms dynamically allocate their configurational
resources in order to manage their portfolio of businesses has been
rare. The question of how the activity of portfolio configurational
unfolds over time, whether there are differences in the pattern and
path of the underlying resource allocation, and what rationales may
account for differences in varying contexts have remained untested.
Thus, the patterns, paths, and rationales of portfolio configuration
are examined in a three-level analysis of three research
papers/analyses which build upon each other.
The purpose of this dissertation is to advance the theory of how multibusiness firms dynamically change their portfolio of businesses by analyzing the patterns, paths, and rationales in their underlying resource allocation. To account for the complexity and dynamics of portfolio configuration, this dissertation introduces quantitative time series methodology from complexity theory and econometrics and connects it with classical case study research from the fields of management and organization science in an interdisciplinary way.
portfolio configuration, resource allocation, complexity/chaos theory, path dependency, configuration rationales
Universität St. Gallen - Institute of Management (Prof. G.
Müller-Stewens), UCLA - Anderson School of Management (Prof. B.
|start of project||2007|
|end of project||2008|
Dynamical Systems Theory, Econometrics