Initial luck, status-seeking and snowballs lead to corporate success and failure

Corporate success stories often resemble a snowball. We show how initial luck in hiring talented people, the resulting technological advantage, superior corporate culture, and statusseeking by workers and by consumers can make small initial differences generate large differences over time.

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Year of publication:	2004
Authors:	Glazer, Amihai ; Kanniainen, Vesa ; Poutvaara, Panu
Publisher:	Munich : Center for Economic Studies and ifo Institute (CESifo)
Subject:	Unternehmensentwicklung \| Prestige \| Unternehmenskultur \| Evolutionsökonomik \| Innovationswettbewerb \| Pfadabhängigkeit \| Theorie \| industry equilibrium \| initial luck \| status effects \| snowball

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Series:	CESifo Working Paper ; 1216
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	856673633 [GVK] hdl:10419/18855 [Handle]
Classification:	L13 - Oligopoly and Other Imperfect Markets ; L00 - Industrial Organization. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10010261213