In times of changing business environments, firms must constantly renew their competitive advantage by establishing dynamic capabilities. While often attempting to employ this in corporate venturing activities, they face the challenge of simultaneously exploring new and exploiting existing...

When a rising power threatens the position of an incumbent power, historically the result has been war. This conjecture derived from the analysis of the Peloponnesian War by Greek historian Thucydides (460-400 BC) has borne out up to modern times. Statistically, three out of four such situations...

What is a disruptive innovation? This study confronts this question here by presenting different approaches, which endeavor to explain the dynamic behavior of disruptive technologies in competitive markets. Firstly, this study introduces destructive technology as a radical innovation, based on...

Technology-based start-ups operate in high-velocity environments that make considerable demands on the comprehensiveness and speed of strategic choices. This study argues that characteristics of top management team (TMT) organization as well as TMT processes, namely debate and trust,...

Recently, innovation and internationalization strategies have explained firm success. Some authors argue that innovation settles internationalization while some others point that internationalization settles the firm's innovation level. This work unifies these theories, arguing that both are a...

Using the resource-based view of the firm, this article examines how different resources are used by small- and medium-sized enterprises (SMEs) in response to environmental uncertainty in an emerging market context. A survey was conducted involving 212 owners, CEOs, or managing directors of SMEs...

This study focuses on the firm's strategy process and especially on the firm's strategic management competence. Strategic management competence is defined as a firm's ability to involve different actors in the strategy process, characterised by the formalisation and use of different strategic...

Purpose: This study sought to establish the effect of strategic resources on performance of small and medium manufacturing enterprises. Specifically, the study sought to identify how financial resources, human resources, physical resources and intellectual capital affect performance of small and...

A number of theories postulate the influence of industry factors and various forms of organizational capital on the strategies and performance of small firms. This study is an empirical test of such assertion by examining how industry and firm-related factors as well as managerial attributes...

The paper is aimed at analysis in the areas of strategic management, competitive position and decision-making in small and medium-sized construction enterprises according to their managers. It presents the results of the survey conducted in Czech Republic and Austria. The results are mutually...