NOTES
1 «Strategic choice is the process whereby power-holders within organizations decide upon course of strategic action […] Strategic choice extends to the environment within which the pressure of economic constraints has to be evaluated, and to the design of the organization’s structure itself (Child, 1997: 45).
2 On the contrary, some scholars argue that there is a specific «liability of adolescence». (Bruderl, Schussler, 1990; Fichman, Levinthal, 1991). According to this view, firms face their highest mortality rates only several years after their birth. On this argument see, for example, Henderson (1999).
3 Moreover, one would argue the TMT’s turnover to be often itself a consequence of the firm’s crisis.
4 Please, contact the author for the full analysis dataset.
5 In this regard, one would notice that, at the same time, the Brazilian market not marginal for Fiat’s automobile business. However, the lack of data did not allow, at this step of the analysis, an investigation of Fiat Auto’s performance in Brazil in the ecological section of the following analysis to be studied.
6 In this regard, one would remember Enzo Ferrari, who founded Ferrari in 1929.
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FIGURES
Figure 1: Determinants of firm’s crisis. Mellahi and Wilkinson’s framework.
Source: Adapted from Mellahi, Wilkinson (2004).
Figure 2: Summary of the research hypotheses.
Figure 3: The Italian automobile industry’s life cycle per new car registrations (1928-2005).
TABLES
Table 1: The Western European automobile industry market segmentation (1996-2007).
Segment
|
1996
|
1997
|
1998
|
1999
|
2000
|
2001
|
2002
|
2003
|
2004
|
2005
|
2006
|
2007
|
Delta
|
City car
|
542,005
|
786,513
|
923,059
|
1,116,154
|
1,078,770
|
1,009,328
|
911,106
|
773,736
|
866,203
|
882,697
|
1,061,150
|
1,140,719
|
110%
|
Utilitarian
|
3,546,461
|
3,559,171
|
3,540,528
|
3,585,410
|
3,786,305
|
3,906,883
|
3,903,986
|
3,994,273
|
4,132,792
|
3,853,165
|
4,227,997
|
4,265,238
|
9%
|
Mean
|
4,153,305
|
4,216,285
|
4,721,645
|
5,174,585
|
5,096,427
|
5,059,977
|
3,802,319
|
3,542,872
|
3,795,352
|
3,992,804
|
3,760,419
|
3,755,219
|
-4%
|
Mean upper
|
2,424,977
|
2,625,152
|
2,738,039
|
2,512,357
|
2,109,239
|
2,165,386
|
2,792,995
|
2,524,203
|
2,489,473
|
2,374,729
|
2,325,167
|
2,194,752
|
-2%
|
Luxury
|
1,428,948
|
1,417,627
|
1,480,215
|
1,571,942
|
1,622,990
|
1,575,500
|
728,338
|
735,214
|
746,378
|
702,757
|
709,969
|
639,723
|
-51%
|
Multi Purpose Vehicles
|
293,334
|
350,210
|
383,537
|
387,460
|
343,832
|
340,889
|
1,413,743
|
1,679,355
|
2,197,827
|
2,210,965
|
2,197,043
|
2,182,929
|
654%
|
Sport Utility Vehicles
|
246,355
|
265,962
|
346,062
|
436,875
|
435,865
|
493,548
|
578,076
|
665,971
|
783,489
|
868,806
|
11,081,46
|
1,342,290
|
253%
|
Others
|
168,677
|
193,430
|
232,527
|
275,032
|
275,579
|
269,885
|
277,500
|
297,979
|
345,103
|
394,089
|
417,601
|
418,854
|
134%
|
Total__12,804,062__13,414,350__14,365,612'>Total
|
12,804,062
|
13,414,350
|
14,365,612
|
15,059,815
|
14,749,007
|
14,821,396
|
14,408,063
|
14,213,603
|
15,356,617
|
15,280,012
|
15,807,492
|
15,939,724
|
|
Source: UNRAE’s data, 1996-2007.
Table 2: The Italian automobile industry market segmentation (1996-2007).
Segment
|
1996
|
1997
|
1998
|
1999
|
2000
|
2001
|
2002
|
2003
|
2004
|
2005
|
2006
|
2007
|
Delta
|
City car
|
194,73
|
399,611
|
399,983
|
400,621
|
387,738
|
374,299
|
345,093
|
320,047
|
299,925
|
299,925
|
355,313
|
437,374
|
124%
|
Utilitarian
|
694,39
|
992,485
|
916,339
|
805,569
|
913,792
|
922,581
|
875,173
|
943,328
|
969,388
|
969,388
|
966,171
|
1,017,120
|
46%
|
Mean
|
441,83
|
563,312
|
563,437
|
624,626
|
648,306
|
672,562
|
660,237
|
598,782
|
626,047
|
626,047
|
611,513
|
636,460
|
44%
|
Mean upper
|
301,23
|
367,620
|
408,885
|
412,115
|
402,676
|
403,944
|
376,272
|
329,238
|
305,475
|
305,475
|
321,368
|
322,116
|
7%
|
Big
|
84,99
|
65,062
|
72,827
|
80,340
|
77,050
|
65,668
|
71,961
|
76,492
|
85,370
|
85,370
|
91,490
|
90,587
|
8%
|
Luxury
|
8,378
|
7,566
|
6,635
|
7,257
|
7,237
|
7,011
|
8,416
|
8,982
|
7,784
|
7,784
|
11,138
|
10,298
|
23%
|
Total
|
1,725,095
|
2,395,656
|
2,368,106
|
2,330,528
|
2,436,799
|
2,446,065
|
2,337,152
|
2,276,869
|
2,293,989
|
2,293,989
|
2,356,993
|
2,513,955
|
|
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