Synthesis of the life cycle concept with strategy and management style: a case analysis in the hospitality industry

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Abstract

Research has shown that a firm's strategy is influenced by a number of variables, including management style and characteristics of the organizational leader, and stage of the corporate life cycle. This study makes the attempt at analyzing the management style and characteristics of leaders, and business strategy in two hospitality corporations during their transition through the life cycle. The results of this investigation demonstrate that management style and characteristics of the leader, in addition to the strategies of the two companies differ according to the stages of the organizational life cycle.

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    Eliza C. Tse is a assistant professor in the Department of Hotel, Restaurant, and Institutional Management at Virginia Polytechnic Institute and State University, Her areas of research include strategic management and organizational policy, research and development activities in the hospitality industry, cost control, and market analysis.

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    Clare M. Elwood is a graduate student from Great Britain in the Department of Hotel, Restaurant, and Institutional Management at Virginia Polytechnic Institute and State University. Her areas of research focus on strategic management and entrepreneurship in the hospitality industry.

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