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Relatedness Defines Firms’ Diversification Path and Tendering Success [poster]

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“Principle of Relatedness” (PR) • The probability of developing a new activity is a function of the closeness to preexisting activities • PR explains diversification behaviour across disciplines and applications • There is a gap in our understanding of how firms behave in “organized” markets • We identified PR as a key factor of firm behaviour in public procurement markets • The Service Knowledge Space represents a network of activity proximity • Modular layout of communities, representing different areas of economic activity with sparse connections • Most complex services relate to software and advanced business services

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Sturm, N. F., Candia, C., Damásio, B., & Pinheiro, F. L. (2024). Relatedness Defines Firms’ Diversification Path and Tendering Success [poster]. 1. Poster session presented at Data Research Meetup by MagIC, Lisbon, Portugal. --- This work was supported by national funds through FCT (Fundação para a Ciência e a Tecnologia), under the project - UIDB/04152/2020 (DOI: 10.54499/UIDB/04152/2020) - Centro de Investigação em Gestão de Informação (MagIC)/NOVA IMS).

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