Managers’ Intention on Diversification Strategies for firm Performance in the Health Care Industry of Sri Lanka

Managers’ Intention on Diversification Strategies for firm Performance in the Health Care Industry of Sri Lanka

Jayathilake.H.M.T.M.

Contact

α University of Kelaniya

Managers’ Intention on Diversification Strategies for firm Performance in the Health Care Industry of Sri Lanka

Article Fingerprint

ReserarchID

4Y2C5

Managers’ Intention on Diversification Strategies for firm Performance in the Health Care Industry of Sri Lanka Banner

AI TAKEAWAY

Connecting with the Eternal Ground

Abstract

This study focused because of the diversification is an interesting area of the company’s growth strategies. Today every companies or industry are driving for diversification strategies to grow their businesses. Many companies’ success in diversification and some companies are failed. The implementing of diversification strategies are involves with managerial skills like managers knowledge, experience, and their productivity. Today markets expected to face more challenges and increasing high competition in the healthcare industry in Sri Lanka. Also the markets have become more competitive, to keep the cost structure in the low level is crucial for the firms in the long-run for their survival. The formal opinion is that diversification strategies are linked with both costs factors and the bene fits to the firm. Today implementing diversi fication strategies in many industries are highly imputable to the power to cross-sell their products, get cost savings, enter the new markets, produce hybrid products and increase brand image. This study is mainly focused on the managerial skills of the managers’ who intention in diversification strategies.

References

71 Cites in Article

Reference Format

Ranjitha Ajay,R Madhumathi (2015). Do corporate diversification and earnings management practices affect capital structure?.
R Appuhami (2007). The impact of intellectual capital on investors' capital gains on shares: an empirical investigation of Thai banking, finance, and insurance sector.
F Asah,O Fatoki (2015). The impact of motivations, personal values and management skills on the performance of SMEs in South Africa.
Anat Barnir (2014). Pre-venture managerial experience and new venture innovation.
Philip Berger,Eli Ofek (1995). Diversification's effect on firm value.
N Bosma,M Van Praag,R Thurik,G De Wit (2004). The value of human and social capital investments for the business performance of startups.
B Bushee (1998). The influence of institutional investors on Myopic R&D investment behavior.
A Campbell,M Goold,M Alexander (1995). Corporate strategy: the quest for parenting advantage.
M Carpenter,J Fredrickson (2001). TOP MANAGEMENT TEAMS, GLOBAL STRATEGIC POSTURE, AND THE MODERATING ROLE OF UNCERTAINTY..
Abhirup Chakrabarti,Kulwant Singh,Ishtiaq Mahmood (2007). Diversification and performance: evidence from East Asian firms.
K Chan (2009). Impact of intellectual capital on organizational performance: an empirical study of companies in the Hang Seng Index (part 1).
S Chang,C Wang (2007). The effect of product diversification strategies on the relationship between international diversification and firm performance.
Sea Chang,Jaebum Hong (2002). How much does the business group matter in Korea?.
Shao-Chi Chang,Chi-Feng Wang (2007). The effect of product diversification strategies on the relationship between international diversification and firm performance.
Yu‐ching Chiao,Chow‐ming Yu,Peng‐yu Li,Yi‐chuan Chen (2008). Subsidiary size, internationalization, product diversification, and performance in an emerging market.
Richard Chung,Michael Firth,Jeong-Bon Kim (2005). Earnings management, surplus free cash flow, and external monitoring.
D Clark (2004). Sustainable Maize Production-Crop Rotation.
P Thakshila,M Kushani,S Darshana,B Herath,G Pathirana,P Jayasinghe,S Ehalapitiya (2017). Digital Distilleries: Navigating Industry 4.0 Trends in Sri Lanka’s Beverage Industry.
L Donaldson (2000). ORGANIZATIONAL PORTFOLIO THEORY: PERFORMANCE‐DRIVEN ORGANIZATIONAL CHANGE.
A Dubrin (2012). Essentials of Management.
S Finkelstein,D Hambrick (1996). Strategic leadership: Top executives and their effects on the organization.
R Gatti,I Love (2008). Does access to credit improve productivity? Evidence from Bulgarian firms.
William Gentry,Lauren Harris,Becca Baker,Jean Brittain Leslie (2008). Managerial skills: what has changed since the late 1980s.
Darren George,Paul Mallery (2003). IBM SPSS Statistics 29 Step by Step.
Sumantra Ghoshal,Peter Moran (1996). Bad for Practice: A Critique of the Transaction Cost Theory.
Xavier Giroud,Holger Mueller (2015). Capital and Labor Reallocation within Firms.
M Guillen (2000). BUSINESS GROUPS IN EMERGING ECONOMIES: A RESOURCE-BASED VIEW..
Donald Hambrick,Phyllis Mason (1984). Upper Echelons: The Organization as a Reflection of Its Top Managers.
M Herrington,E Wood (2006). Global entrepreneurship monitor.
Peter Hosie,Peter Sevastos (2009). Does the “happy‐productive worker” thesis apply to managers?.
H Jayathilake (2018). Product diversification strategies: A review of Managerial skills for firm performance.
Michael Jensen (1986). Agency Cost Of Free Cash Flow, Corporate Finance, and Takeovers.
Michael Jensen,Kevin Murphy (1990). Performance Pay and Top-Management Incentives.
R Karunanayake,W Wanninayake (2015). Impact of Key Purchasing Determinants on Purchase Intention of Hybrid Vehicle Brands in Sri Lanka, an Empirical Study.
A Keating,Jerold L. Zimmerman (2000). Depreciation-policy changes: tax, earnings management, and investment opportunity incentives.
Graham Kenny (2012). Diversification: best practices of the leading companies.
T Khanna,K Palepu (1997). Why focused strategies may be wrong for emerging markets.
Yasemin Kor (2003). Experience-Based Top Management Team Competence and Sustained Growth.
Allen Kraut,Patricia Pedigo,D Mckenna,Marvin Dunnette (1989). The Role of the Manager: What's Really Important in Different Management Jobs.
P Kwangmin,S Jang (2012). Effect of diversification on firm performance: application of the entropy measure.
W Lewellen (1971). A pure financial rationale for the conglomerate merger.
P Li,F Lo (2017). Top management teams' managerial resources and international diversification The evidence under an uncertain environment.
Mohammed Al‐madhoun,Farhad Analoui (2002). Developing managerial skills in Palestine.
G Martin,H Staines (2008). Managerial competencies in a small firm", (as cited in Asah, F and Fatoki, O.
E Mehdi,S Seboui (2011). Corporate diversification and earnings management.
M Musteen,D Data,P Herrmann (2009). Ownership structure and CEO compensation: implications for the choice of foreign market entry modes.
O Olu (2009). Corporate diversification and firm performance, The Case of Nigeria.
B Osorio,L Guerras,N Jose (2012). Four decades of research on product diversification.
Dennis Oswald,Ana Simpson,Paul Zarowin (2004). Capitalization vs Expensing and the Behavior of R&D Expenditures.
Leslie Palich,Laura Cardinal,C Miller (2000). Curvilinearity in the diversification-performance linkage: an examination of over three decades of research.
Vinit Parida,Mats Westerberg,Håkan Ylinenpää,Sari Roininen (2010). Exploring the effects of network configurations on entrepreneurial orientation and firm performance: an empirical study of new ventures and small firms.
Robert Pitts,H Hopkins (1982). Firm Diversity: Conceptualization and Measurement.
Michael Porter (1987). From Competitive Advantage to Corporate Strategy.
Bruce Ratner (2009). The correlation coefficient: Its values range between +1/−1, or do they?.
R Fernando (2015). Correspondence – Beyond evidence-based medicine.
Sugata Roychowdhury (2006). Earnings management through real activities manipulation.
R Rumelt,D Teece,D Schendel (1996). Fundamental Issues in Strategy.
Kader Şahin,Seyfettin Artan,Seda Tuysuz (2015). The moderating effects of a board of directors on FDI’s international diversification in Turkey.
M Shariff,C Peou (2008). The relationship of entrepreneurial values, firm financing and the management and growth performance of SMEs in Cambodia.
S Tangen (2002). Understanding the concept of productivity.
D Teece (1982). Towards an economic theory of the multiproduct firm.
A Tevfik (2008). Diversification and firm performance in an emerging market.
Scott Tonidandel,Phillip Braddy,John Fleenor (2012). Relative importance of managerial skills for predicting effectiveness.
Wim Van Der Stede (2000). The relationship between two consequences of budgetary controls: budgetary slack creation and managerial short-term orientation.
W Wanninayake,Miloslava Chovancova (2012). Consumer Ethnocentrism and Attitudes Towards Foreign Beer Brands: With Evidence from Zlin Region in the Czech Republic.
M Wiersema,K Bantel (1992). TOP MANAGEMENT TEAM DEMOGRAPHY AND CORPORATE STRATEGIC CHANGE..
O Williamson (1988). Corporate finance and corporate governance.
Kassa Woldesenbet,John Storey,Graeme Salaman (2007). Senior managers’ business knowledge in a transition economy.
William Worster (2013). The Inductive and Deductive Methods in Customary International Law Analysis: Traditional and Modern Approaches.
Mona Yaghoubi,Sazali Abidin,Ehsan Yaeghoobi (2011). Impact of Diversification Strategies on Performance of Malaysian Public Listed Companies.
R Yin (2003). Case study research, design, and methods.

Download References

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Jayathilake.H.M.T.M.. 2019. \u201cManagers’ Intention on Diversification Strategies for firm Performance in the Health Care Industry of Sri Lanka\u201d. Global Journal of Management and Business Research - A: Administration & Management GJMBR-A Volume 19 (GJMBR Volume 19 Issue A12): .

More Citation Formats

Select Citation Style:

Download Citation

Download Article

GJMBR Volume 19 Issue A12
Pg. 13- 25

Explore Journals Explore Volume Read This Issue

Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

Not Found

Classification

GJMBR-A Classification: JEL Code: L00

Submission ReceivedDecember 14, 2018
Peer Review Double Blind
Handling Editor
Accepted January 1, 2019
Published January 15, 2019

Version of record

v1.2

Issue date

November 7, 2019

Language

Experiance in AR

Explore published articles in an immersive Augmented Reality environment. Our platform converts research papers into interactive 3D books, allowing readers to view and interact with content using AR and VR compatible devices.

View in VR

Read in 3D

Your published article is automatically converted into a realistic 3D book. Flip through pages and read research papers in a more engaging and interactive format.

View in 3D

Article Matrices

Total Views: 2572

Total Downloads: 1262

2026 Trends

Published Article

Our website is actively being updated, and changes may occur frequently. Please clear your browser cache if needed. For feedback or error reporting, please email [email protected]