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Resistance to change

Subject

Finance

Publishing details

IFA Working Paper

Authors / Editors

Dow J;Perotti E

Biographies

James Dow

Publication Year

2013

Abstract

Established firms often fail to maintain leadership following disruptive market shifts. We argue that such firms are more prone to internal resistance. A radical adjustment of assets affects the distribution of employee rents, creating winners and losers. Losers resist large changes when strong customer goodwill cushions the consequences. Partial adaptation may lead winners to depart to form new firms with no goodwill, but no internal resistance.

Keywords

Keywords: Resistance to Change, Leadership, Adaptation

Series

IFA Working Paper

Available on ECCH

No

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