This chapter explores the uncertainties associated with today's highly interdependent supply chains and the risks inherent their geographic dispersion and organizational fragmentation. It first lays out the sources of risk and their potential consequences to the corporations who are supply chain...

This paper describes our conceptualization of complexity in Large Infrastructure Projects (LIPs). Since complexity itself is an emergent concept that is hard to pin down, we focus on the relationship between various project features and, particularly, properties associated with complexity such...

In order to understand the strategic implications of indirect stakeholder relationships on large engineering projects, this research develops a qualitative/quantitative network approach, namely the Stakeholder Value Network analysis, to model the multiple relationships between stakeholders as...

A firm's strategy typically is defined in terms of its position in the industry or landscape that operates in and the competitive advantage of the firm on that landscape. This competitive advantage, in turn, derives from a combination of assets (what the firm owns) and capabilities (how the firm...

Since Vernon's seminal work (Vernon 1966; Vernon 1971), international firm expansion has been predominantly portrayed as a phenomenon led by firms located in economically and technologically developed countries in search for new markets, natural resources, knowledge leverage, and/or risk...

Large engineering projects (LEPs) are high-stakes games characterized by substantial irreversible commitments, skewed reward structures when they are successful, and high probabilities of failure. Their dynamics also change over time. The journey from initial conception to ramp-up and revenue...

Strategy in a global setting involves competition in industries that extend across national boundaries and among firms with different national home bases that may tap into strategic resources in more than one location. The resources that the firm accesses from its home country provide it with...