Divestment and organizational adaptation

Mike Wright

European Management Journal, 1985, vol. 3, issue 2, 85-93

Abstract: The reasons for divestment, its mechanisms and consequences, have received little attention in the strategic management literature. The author has conducted a major survey and interviewed senior executives of firms making divestments and of those divested. This article reports his findings and conclusions. Divestment may take many forms, which arise from the strategic needs of the firms and the ways in which their environments are changing around them. Divestment cannot be viewed in isolation. It interacts with a number of organizational and environmental conditions through time, and this article concludes by analyzing the process in a six stage descriptive model.

Date: 1985
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