The growth and development of Clarke Chapman from 1864 to 1914 (2013)

Author(s): McGovern T, McLean T

    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.

      • Date: 29-01-2013
      • Journal: Business History
      • Volume: 55
      • Issue: 3
      • Pages: 448-478
      • Publisher: Routledge
      • Publication type: Article
      • Bibliographic status: Published

      Keywords: Clarke Chapman, company growth, Edith Penrose, resource based view


      Dr Tom McGovern
      Senior Lecturer in Business Strategy, Associate Director of the Leadership, Work and Organization Group, and Director of The Business, Accounting and Management History Research Group