While innovations and new technologies are often pivotal to the long-term prosperity of firms,
such firm-level outcomes emerge from the actions and interactions of organizational …

The literature on “entrepreneurial opportunities” has grown rapidly since the publication of
Shane and Venkataraman (2000). By directing attention to the earliest stages of …

On their journey toward digital transformation, industrial firms need to embrace digital
innovation. The top management team (TMT) is expected to set the course for digital …

Abstract Research Summary Most theories of strategic change focus on how large,
established firms recognize or fail to recognize the need for strategic change. Little research …

In searching for conceptualizations that offer an alternative perspective to entrepreneurial
opportunities, the notion of external enablers has recently been suggested for capturing the …

Schumpeter famously popularized “creative destruction” as the process whereby new
entrants replaced existing firms. In most cases, however, some incumbent firms survive and …

Recent literature suggests entrepreneurs struggle to pivot—or fundamentally change
aspects of their venture—due to identity-based resistance to change. Yet, when …

New ventures often experience deviations from their plans that oblige them to reorient in
pursuit of a better fit between their evolving products and their target customers. Yet …

Research Summary: How can strategic decision makers overcome inertia when dealing with
change? In this article we argue that cognitive flexibility (ie, the ability to match the type of …

The resource-based view (RBV) makes a significant contribution to strategy by explaining
the relationship between resources and firm performance. Particularly in low uncertainty …