Firm boundaries and strategic execution affect the firm's ability to generate rents, grow, and survive. Boundaries are determined through governance mode choices, such as whether to make or buy a particular good or activity. While significant work has addressed the performance implications of...

Organizational adaptation is a topic that has received only limited and fragmented theoretical treatment. Any attempt to examine organizational adaptation is difficult, since the process is highly complex and changeable. The proposed theoretical framework deals with alternative ways in which...

How have theory and research in strategy contributed to the broader domain of management? A survey of prominent researchers in strategy and adjacent fields suggests that the answer depends on how "strategy" is defined. Modest and incremental contributions are evident when strategy is defined as...