Progress in the resource-based approach to strategy faces three obstacles: (1) lack of acceptable definitions and operationalization of key constructs, in particular of organizational competence; (2) lack of measures and (3) ill-specified relationships between constructs. Addressing these gaps...

Purpose: The article introduces the authors’ “ Imagination Premium™” metric which assesses the confidence of the investing community in a business’ growth strategy. Design/methodology/approach: The article explains how the Imagination Premium is calculated and applies it to several...

Purpose: The authors offer a new metric for assessing a company's potential for growth that CEO's and leadership teams can actively manage. Design/methodology/approach: The Imagination Premium metric reflects the value of a company's equity, beyond what can be readily explained by its ability...

Four antecedents, it is argued, are necessary precursors for a firm to capture rents from innovation. The antecedents are causal understanding; innovation team proficiency; emergence and mobilization of new competences; and creation of competitive advantages, each of which are conceptually...