Chandler found that firms tend to grow in somewhat predictable patterns, first by volume, then by geography, next integration and finally through product and business diversification.

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Chandler's theory of corporate evolution outlines a general pattern of growth that includes expanding volume, geographic reach, vertical integration, and diversification of products or businesses. While not all firms follow this exact pattern, it is a useful framework for understanding the historical development of large corporations.

Chandler Found That Firms Tend to Grow in Somewhat Predictable