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Exploration and exploitation have emerged as the twin concepts underpinning organizational adaptation research, yet some central issues related to them remain ambiguous. We address four related questions here: What do exploration and exploitation mean? Are they two ends of a continuum or orthogonal to each other? How should organizations achieve balance(More)
The decade of the nineties witnessed a significant increase in business-level strategy research relating to the competitive actions and reactions carried out among competing firms. Rooted in the Schumpter' theory of creative destruction, this work has examined causes and consequences of firm-level action and reaction, such as new product introductions,(More)
This study integrated concepts from upper echelons, group process and social cognition theories to investigate how demographic diversity and group processes influence strategic consensus within the top management team (TMT), where strategic consensus is defined as the degree to which individual mental models of strategy overlap. Data from 76 high-technology(More)
Special Issue Purpose The aim of this special issue is to develop theory and empirical evidence about whether and why competitive advantages may be becoming less sustainable and how organizations can successfully compete using a series of temporary or dynamic competitive advantages. We believe an important outcome of the special issue would be an enhanced(More)
The process by which firm founders create new organizations is of considerable interest to evolutionary theorists and entrepreneurship researchers. In this paper we track the life histories of 225 new ventures initiated in the first nine months of 1998 by a random sample of Swedish firm founders. We explore the effect of the choice and order of firm(More)
Lyn-deficient (Lyn(-/-)) mice develop an age-dependent autoimmune disease similar to systemic lupus erythematosus, characterized by the production of IgG anti-nuclear Ab. To determine the extent to which this autoimmune phenotype is driven by T cell costimulation, we generated Lyn(-/-) mice expressing a soluble form of the T cell inhibitory molecule, CTLA4(More)
My thanks to the editors for providing this opportunity and to Dick Nelson for his comments and contributions – all along the way. I am also indebted to Mie Augier, who interviewed me on some of the history recounted here and thereby provided a helpful prod to my memory, well in advance of this particular undertaking. Financial support from the Reginald H.(More)
W e investigate the effects of social and regulatory forces on a firm's decision to disclose past wrongdoing by voluntarily restating its earnings. With an eight-year sample of more than 2,500 public firms, including 170 voluntary restaters, we find that firms are more likely to voluntarily restate their earnings in response to informal social pressures(More)