Title :
A Comparative Study of Diversification and Specialization Based on Division of Labor Theory
Author :
Du Shengming ; Yaobin, Lu
Author_Institution :
Sch. of Manage., Huazhong Univ. of Sci. & Technol., Wuhan, China
Abstract :
This study compares the market utility of specialization with diversification using inframarginal analysis method. The results indicates that the success of non-related diversification often takes place in the areas of low specialization and low transaction efficiency, and that related diversification succeeds because of the evident difference of specialization level between the new production and the old. If they are in the same level of specialization, the utility of diversification is less than specialization.
Keywords :
commerce; diversification; inframarginal analysis method; labor theory; market utility; specialization; transaction efficiency; Business; Companies; Conference management; Environmental economics; Fluctuations; Industrial relations; Local government; Manufacturing industries; Production; Technology management; diversification; division of labor; specialization; transaction efficiency; utility;
Conference_Titel :
Information Technology and Computer Science, 2009. ITCS 2009. International Conference on
Conference_Location :
Kiev
Print_ISBN :
978-0-7695-3688-0
DOI :
10.1109/ITCS.2009.303
