Chain Affiliation and the Failure of Manhattan Hotels, 1898-1980

Ingram, Paul; Baum, Joel A. C.

doi:10.2307/2393809

Cited by 353 publications

(256 citation statements)

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“…Given that acquisition decisions are based on specific resource requirements and opportunities created by underutilized productive resources present in firms at a given point in time (Penrose, 1959), acquirers will need to scan the environment for target firms that fit their present expansion objectives as part of the target search process (Green and Cromley, 1984;Leigh and North, 1978). Accumulated knowledge depreciates quickly, though, limiting the persistence and applicability of direct experiential learning in organizations (Argote, Beckman, and Epple, 1990), while highlighting the potential for learning from secondary sources (Baum et al, 2000;Ingram and Baum, 1997). These findings suggest that experiential learning is likely to be limited to target search routines (Levinthal and March, 1993;March, 1991) and is unlikely to lead to knowledge accumulation that substitutes for spatial information gathering during the target search process.…”

Section: Hypothesis 3b (Contextual Experience)mentioning

confidence: 96%

The Persistent Effect of Geographic Distance in Acquisition Target Selection

Chakrabarti

Mitchell

2013

Organization Science

155

151

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Valuable resources often exist at distant points from a firm's current locations, so that strategic decisions such as growth have a spatial dimension in which firms seek information and choose between geographically distributed alternatives. Studies show that geographic proximity facilitates the flow of resources, but there is limited understanding of factors that exacerbate or ease the impact of geographic distance when firms seek new resources. This paper argues that the difficulty of search increases with distance, particularly when search involves greater information processing, but that firms can partially overcome the constraints of distance with direct, contextual, and vicarious learning. We study 2070 domestic acquisition announcements by U.S. chemical manufacturers founded after 1979. The results demonstrate the persistent effect of spatial geography on organizational search processes.

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Section: Hypothesis 3b (Contextual Experience)mentioning

confidence: 96%

The Persistent Effect of Geographic Distance in Acquisition Target Selection

Chakrabarti

Mitchell

2013

Organization Science

155

151

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“…Several academic studies have already addressed the role of agglomeration in the evolution of the tourism industry, and in particular, the lodging industry-see for example Baum and Mezias (1992), Baum and Haveman (1997), and Ingram and Baum (1997) for the case of the Manhattan hotel industry; and Chung and Kalnins ' (2001, 2004) studies of the Texas lodging industry, first in rural areas and then over the entire state. Chung and Kalnins (2004) also provide a literature review of prior agglomeration research, with special emphasis on the retail and service sectors.…”

Section: The Agglomeration Phenomenommentioning

confidence: 99%

Tourism agglomeration and its impact on social welfare: An empirical approach to the Spanish case

Urtasun

Gutiérrez

2006

Tourism Management

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This paper measures two descriptors of tourism namely, its scale and agglomeration level and subsequently evaluates both descriptors according to their direct and joint impacts on the host communities' quality of life. The key constructs for this research are the following: (1) a tourism evaluation function that incorporates the scale and agglomeration of tourism, which is constructed for each one of the 50 Spanish provinces; and (2) a measure of the host communities' quality of life that comprises 12 objective partial indicators and an overall indicator that integrates them all. Results show the existence of carrying capacity frontiers or maximum thresholds that tourist destinations can sustain without damaging the economic, socio cultural, or environmental systems of the communities they belong.

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“…Specialised management could also be positively related to a managerial attitude that is more inclined to fostering change [13] [14]. The non-confirmed influence of operating independently vs. being part of a hotel chain or business conglomerate can be explained by noting that the knowledge, information, and other intangibles provided by the chain or conglomerate [20] may be compensated for by the incentives derived from competition.…”

Section: Discussionmentioning

confidence: 99%

Investigating the Determinants of Innovation According to Radical and Incremental Attributes

Ko¹

2017

OALib

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In today's competitive environment, firms cannot remain competitive without the implementation of proper innovations. There has been a dramatic proliferation of research concerned with firms' innovation, but few study has been done on determinants of innovation, particularly in hotel industry. Therefore, the aim of this study is to explore the main determinants of innovation applied in the hotel industry and investigate the influence of different hotels and market characteristics on radical and incremental innovations. A questionnaire was developed to investigate the abovementioned relationships. A total of 239 Taiwanese hotel employees participated in this study. Data were analyzed through probit model. The results indicated that radical and incremental innovations seem to be interrelated. In addition, the main determinants of innovation are the internal resources and market behaviours in the hotel trade that include management style, market strategy, hotel size and location.

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Chain Affiliation and the Failure of Manhattan Hotels, 1898-1980

Cited by 353 publications

References 0 publications

The Persistent Effect of Geographic Distance in Acquisition Target Selection

The Persistent Effect of Geographic Distance in Acquisition Target Selection

Tourism agglomeration and its impact on social welfare: An empirical approach to the Spanish case

Investigating the Determinants of Innovation According to Radical and Incremental Attributes

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