How well do managers know the capabilities of the firms they manage? Such knowledge, which we refer to as managerial … choice in management research, assumes that managers perfectly know the capabilities of their firms. However, micro … this assumption is not in general warranted: Managers' meta-knowledge is in general imperfect. We therefore examine the …

Digital transformation is fundamentally changing the business landscape. It is also affecting the role of top managers … within firms. Our survey of more than 160 senior managers in Europe suggests that digitalization, rather than encouraging … managers. While acknowledging the benefits of the digital transformation, we identify five key challenges for newly empowered …