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A co-evolutionary analysis of longevity: Pakhoed and its predecessors

Author

Listed:
  • Hugo van Driel
  • Henk W. Volberda
  • Sjoerd Eikelboom
  • Eline Kamerbeek

Abstract

In this study of the warehousing company Pakhoed and its predecessors over a period of 200 years, we analyse the configuration of environmental forces, exploitation and exploration, and three firm-level longevity factors: a tolerant management style and decentralised structure; a strong sense of identity; and a conservative financial policy. The idiosyncratic set-up of Pakhoed's forerunners enabled their long-term survival through co-evolution with an environment that both compelled them to be responsive and provided them with scarce resources. In the most recent period, failed explorations helped Pakhoed to strengthen its sense of identity and to focus on a well-chosen field of exploitation.

Suggested Citation

  • Hugo van Driel & Henk W. Volberda & Sjoerd Eikelboom & Eline Kamerbeek, 2015. "A co-evolutionary analysis of longevity: Pakhoed and its predecessors," Business History, Taylor & Francis Journals, vol. 57(8), pages 1277-1305, November.
    • Handle: RePEc:taf:bushst:v:57:y:2015:i:8:p:1277-1305
    DOI: 10.1080/00076791.2015.1026261
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    Cited by:

    1. Paola M. A. Paniccia & Luna Leoni & Silvia Baiocco, 2017. "Interpreting Sustainability through Co-Evolution: Evidence from Religious Accommodations in Rome," Sustainability, MDPI, vol. 9(12), pages 1-19, December.
    2. Dadang Irawan & Harjanto Prabowo & Engkos Achmad Kuncoro & Nurianna Thoha, 2022. "Operational Resilience as a Key Determinant of Corporate Sustainable Longevity in the Indonesian Jamu Industry," Sustainability, MDPI, vol. 14(11), pages 1-11, May.
    3. Abatecola, Gianpaolo & Breslin, Dermot & Kask, Johan, 2020. "Do organizations really co-evolve? Problematizing co-evolutionary change in management and organization studies," Technological Forecasting and Social Change, Elsevier, vol. 155(C).

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