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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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