Theory, research and practice in library management 3 : diversification

Purpose – The purpose of this paper is to explore the relevance of diversification in the strategic management of libraries. Design/methodology/approach – The literature is examined to identify issues attached to diversification and also examples where libraries have pursued this strategy. Lessons t...

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Main Author:	Graham Walton
Format:	Default Article
Published:	2007
Subjects:	Library and information studies not elsewhere classified libraries library management diversification
Online Access:	https://hdl.handle.net/2134/3235
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id	rr-article-9490748
record_format	Figshare
spelling	rr-article-94907482007-01-01T00:00:00Z Theory, research and practice in library management 3 : diversification Graham Walton (1255266) Library and information studies not elsewhere classified libraries library management diversification Purpose – The purpose of this paper is to explore the relevance of diversification in the strategic management of libraries. Design/methodology/approach – The literature is examined to identify issues attached to diversification and also examples where libraries have pursued this strategy. Lessons that can be learned from other sectors regarding diversification are presented and their relevance for libraries considered. Findings – The paper finds that diversification is relevant for libraries because of increased competition in places where people can access information. It provides a way to grow and develop. Various diversification approaches exist and they all have a level of risk. Extra resources are also necessary when diversification is pursued. Library managers have to be able to judge when the risks in diversification are justified. Originality/value – The paper provides food for thought for library practitioners in the use of diversification in developing future services. 2007-01-01T00:00:00Z Text Journal contribution 2134/3235 https://figshare.com/articles/journal_contribution/Theory_research_and_practice_in_library_management_3_diversification/9490748 CC BY-NC-ND 4.0
institution	Loughborough University
collection	Figshare
topic	Library and information studies not elsewhere classified libraries library management diversification
spellingShingle	Library and information studies not elsewhere classified libraries library management diversification Graham Walton Theory, research and practice in library management 3 : diversification
description	Purpose – The purpose of this paper is to explore the relevance of diversification in the strategic management of libraries. Design/methodology/approach – The literature is examined to identify issues attached to diversification and also examples where libraries have pursued this strategy. Lessons that can be learned from other sectors regarding diversification are presented and their relevance for libraries considered. Findings – The paper finds that diversification is relevant for libraries because of increased competition in places where people can access information. It provides a way to grow and develop. Various diversification approaches exist and they all have a level of risk. Extra resources are also necessary when diversification is pursued. Library managers have to be able to judge when the risks in diversification are justified. Originality/value – The paper provides food for thought for library practitioners in the use of diversification in developing future services.
format	Default Article
author	Graham Walton
author_facet	Graham Walton
author_sort	Graham Walton (1255266)
title	Theory, research and practice in library management 3 : diversification
title_short	Theory, research and practice in library management 3 : diversification
title_full	Theory, research and practice in library management 3 : diversification
title_fullStr	Theory, research and practice in library management 3 : diversification
title_full_unstemmed	Theory, research and practice in library management 3 : diversification
title_sort	theory, research and practice in library management 3 : diversification
publishDate	2007
url	https://hdl.handle.net/2134/3235
_version_	1797832045385220096

Theory, research and practice in library management 3 : diversification

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