The sharing and transfer of knowledge and best practices across the organization have long been recognized as a critical driver of a firm's capabilities and performance. In fact, Gupta and Govindarajan (1991) maintained that MNCs exist primarily because of their superior ability to transfer...

Many corporate governance observers agree that when firms encounter dramatically changed competitive environments, the board of directors may become involved in the strategy formation process. Based on Finkelstein and Hambrick's (Finkelstein, S., Hambrick, D., 1996. Strategic leadership: top...