Technological discontinuities pose serious challenges to top managers' attention. These discontinuities, which often occur at the fringes of an industry, are usually driven by innovative and, often, venture capital-backed start-ups creating new products and transforming existing industries in...

The literature suggests that established firms need to balance their exploration and exploitation activities in order to achieve superior performance. Yet, previous empirical research has modeled this balance as the interaction of orthogonal activities. In this paper, we show that there is a...

This study examines how different governance modes for external business development activities and venture relatedness affect a firm's innovative performance. Building on studies which have suggested that interorganizational relationships enhance the innovative performance of firms, we propose...