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Initial Luck, Status-Seeking and Snowballs Lead to Corporate Success and Failure

  • Amihai Glazer
  • Vesa Kanniainen
  • Panu Poutvaara


Corporate success stories often resemble a snowball. We show how initial luck in hiring talented people, the resulting technological advantage, superior corporate culture, and status-seeking by workers and by consumers can make small initial differences generate large differences over time.

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Paper provided by CESifo Group Munich in its series CESifo Working Paper Series with number 1216.

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Date of creation: 2004
Date of revision:
Handle: RePEc:ces:ceswps:_1216
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