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The growth and development of Clarke Chapman from 1864 to 1914

Author

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  • Tom McGovern
  • Tom McLean

Abstract

Clarke Chapman was the main supplier of leading-edge auxiliary equipment to the British shipbuilding industry before the First World War. Penrose's theory was used to examine the company's growth. The findings of this study show that the ownership structure and the governance of the family-owned firm shaped its growth path. Product expansion driven by financial slack was followed by the development of new capabilities as shipbuilding converted from sail to steam-power. The next phase was geographical and international expansion underpinned by human resource slack. Additional productive opportunities were created by recruiting specialist human resources and pursuing hybrid modes of growth.

Suggested Citation

  • Tom McGovern & Tom McLean, 2013. "The growth and development of Clarke Chapman from 1864 to 1914," Business History, Taylor & Francis Journals, vol. 55(3), pages 448-478, April.
    • Handle: RePEc:taf:bushst:v:55:y:2013:i:3:p:448-478
    DOI: 10.1080/00076791.2012.745066
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    References listed on IDEAS

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    1. Wesley M. Cohen & Richard R. Nelson & John P. Walsh, 2000. "Protecting Their Intellectual Assets: Appropriability Conditions and Why U.S. Manufacturing Firms Patent (or Not)," NBER Working Papers 7552, National Bureau of Economic Research, Inc.
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    3. Landes,David S., 2003. "The Unbound Prometheus," Cambridge Books, Cambridge University Press, number 9780521534024.
    4. Penrose, Edith, 2009. "The Theory of the Growth of the Firm," OUP Catalogue, Oxford University Press, edition 4, number 9780199573844.
    5. Edward Lorenz, 1991. "Economic Decline in Britain," Post-Print halshs-00483745, HAL.
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    Cited by:

    1. Hafner, Cornelius & Pidun, Ulrich, 2022. "Getting family firm diversification right: A configurational perspective on product and international diversification strategies," Journal of Family Business Strategy, Elsevier, vol. 13(1).
    2. McLean, Tom & McGovern, Tom, 2017. "Costing for strategy development and analysis in an emerging industry: The Newcastle Upon Tyne Electric Supply Company, 1889–1914," The British Accounting Review, Elsevier, vol. 49(3), pages 294-315.
    3. Cornelius Hafner, 2021. "Diversification in family firms: a systematic review of product and international diversification strategies," Review of Managerial Science, Springer, vol. 15(3), pages 529-572, April.

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