In this paper, we consider how a better understanding of entrepreneurial activities can help explain how firm and industry boundaries change over time; and how a more complete understanding of boundary setting can help us understand where entrepreneurial activities are directed. We argue that...

The concept of “vertical architecture” defines the scope of a firm and the extent to which it is open to final and intermediate markets. A firm can make or buy inputs, and transfer outputs downstream or sell them. Permeable vertical architectures are partly integrated and partly open to the...

We examine whether discretionary government grants influence thelocation of new plants. Grants have a small effect in attracting plants to specificgeographic areas, but their effectiveness increases with agglomeration externalities,measured by the number of other plants in that location in the...

Extending Teece's landmark 1986 article, we consider how innovators benefit from value appropriation and creation. We elaborate on value appropriation, first by pointing out the importance of “industry architectures”, i.e. sector-wide templates that circumscribe the division of labor; and...

Many papers have documented wide variations in productivity even in narrowly defined industries. Some have argued that this primarily reflects measurement problems due to, for example, comparing across different products. Others argue this reflects persistent differences in performance due, for...

Recently there has been much debate about the usefulness of strategic management education and implicitly about strategy tools and frameworks. Yet, this debate is taking place in the absence of detailed knowledge about how, or indeed, whether, managers use the theoretical tools that they learn....

This paper aims at contributing to the existing literatures on multinational management, technological search and open innovation by providing a detailed account of the process through which large multinational corporations (MNCs) use technology scouting units to systematically search for new...

Given the increasingly popularity of strategy workshops within organizations, it is surprising that there are few accounts of this phenomenon. This paper addresses this issue through two in-depth case studies of organizations employing strategy workshops for strategic reviews. The paper builds...