A contextual theory of organizational learning from failures and successes: A study of acquisition completion in the global newspaper industry, 1981-2008

Katrin Muehlfeld*, Padma Rao Sahib, Arjen Van Witteloostuijn

*Bijbehorende auteur voor dit werk

OnderzoeksoutputAcademicpeer review

149 Citaten (Scopus)

Samenvatting

This study develops and tests theory about the context-specificity and outcome-dependence of experiential learning in acquisition processes. First, we investigate whether learning from experience gained in different acquisition contexts is limited to influencing subsequent outcomes of same-context transactions. Second, we analyze whether learning patterns in response to prior successes and failures differ across acquisition contexts, depending on two properties of these contextsthe degree of structural variance and the level of stimulation of deliberate learning. Learning is assessed with respect to an underexplored organizational goal variable in acquisitions: completion of a publicly announced transaction. An analysis of 4,973 acquisition attempts in the newspaper industry in 19812008 largely supports our theory. Copyright (c) 2012 John Wiley & Sons, Ltd.

Originele taal-2English
Pagina's (van-tot)938-964
Aantal pagina's27
TijdschriftStrategic Management Journal
Volume33
Nummer van het tijdschrift8
DOI's
StatusPublished - aug.-2012

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