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In this study we investigated 30 ventures in four large firms. We categorized four projects as characterized by "new economy" principles. These were projects that focused on increasing returns. We compared these four projects to four "traditional economy " initiatives in terms of their trajectories
The emergence of electronic commerce complexes raises important questions regarding competence building and leveraging, both for practitioners and strategy scholars. Competences of brick-and-mortar incumbents (large and mature players) are being challenged by new entrants' click-and-mortar or click
European firms are confronted with major changes in their business environment because of specific European factors, such as the creation of a single European market, and because of global factors, such as the merging of industries. Firms in Europe therefore need to renew to cope with the changing e
Many scholars have described organization form as a management tool in the alignment of organization and environment. As the environment of many companies becomes more chaotic, the exploration of organization forms characterized by flexibility and adaptability has been intensifying. When reviewing e
This paper advances the understanding of absorptive capacity for assimilating new knowledge as a mediating variable of organization adaptation. Many scholars suggest a firm's absorptive capacity plays a key role in the process of coevolution (Lewin et al., this issue). So far, most publications, in
By considering flexibility as a valuable strategic option in turbulent environments, this article distinguishes four types of effective response to strategic change. From this typology different trajectories of revitalization are derived. On the basis of this typology, the article describes a method
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