A surprisingly neglected facet of sector evolution is the evolutionary analysis of firms', and thus a sector's, scope. Defining a sector as a group of firms that can change their scope over time, we study the transformation of U.S. banking firms. We undertake a sectoral, population-wide study of...

Virtualization is indispensable for a service-oriented IT infrastructure, and hybrid models are also obvious in research and teaching in order to use cloud environments and on-premises solutions equally. In addition to multi-cloud solutions, internal integration concepts are also important if an...

The purpose of this study is to extend the current understanding of business divestiture by investigating its potential for triggering strategic reorientation. A divestiture involving strategic reorientation is here denoted as a strategic business exit, otherwise it is a status quopreserving...