Environmental challenges often present businesses with unexpected situations, and in order to address them, innovation in the direction of sustainability must become an unavoidable activity. This entails the transformation and development of the existing business models, assuming a great...

The question of whether firms may successfully adapt top a change in technology has led to divergent perspectives. I consider this issue in the context of a model of firms in an industry facing a shift from a legacy to a new technology. I allow for firm heterogeneity through entry and gradual...

Strategy research has often – though not always – focused on the connections between the elements of strategy, structure, conduct and performance (e.g. Chandler 1962, Rumelt 1974). However, issues in competitive strategy research are how to link individual-level perceptions and actions to...

This paper studies the consequences of product-market competition on firms' decisions to delegate more or fewer decision-making responsibilities to managers. By simultaneously addressing the choice of both competitive actions and organizational design, the paper makes an attempt at bringing...

This paper is about firms as an instance of economic coordination, and about how we think about them in relation to other forms of coordination as well as in relation to competition and markets. The dominant frame for thinking about firms--which has strongly influenced contemporary competition...