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Title: Evolution of diversified business groups and their role in development : the case of Barbados
Author: Ito, Tetsu
ISNI:       0000 0004 2670 5666
Awarding Body: University of Manchester
Current Institution: University of Manchester
Date of Award: 2009
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This thesis discusses the evolution of diversified business groups in developing countries, by examining the case of the Barbados Shipping and Trading Company Limited (BS&T) in Barbados. The research objective is to examine the BS&T's adaptation process to globalization with emphasis on the group-wide reforms (1998-2003), food business expansion and restructuring (1998-2003), and further food business development and its impact on the group performance, (2003 to the end-June 2008). Based of this examination, the thesis (i) analyzes capabilities demonstrated by BS&T in the adaptation process, (ii) explores applicability of the BS&T's experience to diversified business groups elsewhere and (iii) proposes to refine the evolutionary theory of the development of business groups, which emerged in 2001. One of the key examination findings is that the essential factors for BS&T's adaptation included the capabilities to exploit existing competence as well as the dynamic capabilities, or the ability to renew the competence through institutional nnovation and technological innovation. Internal and external coordination was crucial to this renewal process. A Another key finding is that BS&T (i) managed to balance the synergies from related diversification with the risk mitigation from unrelated diversification.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available