Firms often conduct external search for new opportunities, but not all search leads to growth. Integrating traditional explanations of search from behavioral theory with biological foraging models, we explain how absorptive capacity together with financial slack influence breadth or depth of...

Manufacturers have shifted their focus from products to smart solutions in search of higher returns and additional growth opportunities. This shift, described as servitization, or lately as a digital servitization, is not a simple process. Academic study has revealed that its issues are complex,...