Strategic management is a relatively youthful discipline that has steadily matured over the past fifty years. The field has become consolidated over this period, while simultaneously expanding the range of topics analyzed and research methodologies used. Different theories and approaches,...

In this article I make three main arguments. First, the appropriate governance choice for firms is one that reflects the tradeoff between market failure and relational failure or, in other words, between knowledge appropriability and knowledge accessibility. Second, through what may be...

How do emerging market enterprises become competitive actors in a global environment still largely dominated by established firms from advanced economies? Debate on this question is fueled by an apparent paradox: Even though EMEs are increasingly becoming global contenders, their underlying...