Resistance to change
Subject
Finance
Publishing details
IFA Working Paper
Authors / Editors
Dow J;Perotti E
Biographies
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
