Abstract Based on the strategic tripod model and the strategic framework proposed, this paper combines institution-based view, industrial organization theory and resource-based view to construct an analytical framework of “institution-industry-resource capability” for Chinese firms’ diversification strategy choice. This paper identifies the antecedent configurations and their driving mechanisms of four types of strategic diversification choices: “local tyrant”“prowler”“pioneer” and “player”, through a qualitative comparative analysis of 1 095 samples. Research shows that: the driving mechanism of the “local tyrant” includes internal resource-driven and industry resource-driven; the driving mechanism of the “prowler” includes institution resource-driven and institution industry-driven; the driving mechanism of the “pioneer” includes industry environment-driven, internal resource-driven and industry resource-driven; and the driving mechanism of the “player” includes institution resource-driven, industry resource-driven and institution industry resource-driven. Moreover, this paper further identifies the core elements of different diversification strategy choices made by firms in the same context.
WU Xiaojie,GUO Yongshi,TAN Xiaoxia等. The Configuration of the Diversification Strategy of Chinese Enterprises[J]. Chinese Journal of Management, 2023, 20(10): 1457-.
