This paper advances on the importance of the adaptation of the firm to the International Business Environment (IBE …). The IBE is a distinguishing factor in international business studies and the firm?s adaptation to the environment has been … presented as a basic survival strategy. We argue that adaptation is indeed a dynamic and largely internally driven process that …

terms of functionings and capabilities guarantees a more objective picture of people's life. Next to this strong criticism … adaptive preferences and compare it with a more detailed analysis of adaptation as it is presented in hedonic psychology. It … becomes clear that adaptation can be a positive as well as a negative phenomenon and that the adaptive preference critique had …