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The growth and development of Clarke Chapman from 1864 to 1914

Lookup NU author(s): Professor Tom McGovern, Tom McLean

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Abstract

Clarke Chapman was the main supplier of leading-edge auxiliary equipment to the British shipbuilding industry before the First World War. Penrose's theory was used to examine the company's growth. The findings of this study show that the ownership structure and the governance of the family-owned firm shaped its growth path. Product expansion driven by financial slack was followed by the development of new capabilities as shipbuilding converted from sail to steam-power. The next phase was geographical and international expansion underpinned by human resource slack. Additional productive opportunities were created by recruiting specialist human resources and pursuing hybrid modes of growth.


Publication metadata

Author(s): McGovern T, McLean T

Publication type: Article

Journal: Business History

Year: 2013

Volume: 55

Issue: 3

Pages: 448-478

Print publication date: 29/01/2013

ISSN (print): 0007-6791

ISSN (electronic): 1743-7938

Publisher: Routledge

URL: http://dx.doi.org/10.1080/00076791.2012.745066

DOI: 10.1080/00076791.2012.745066


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