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Fear vs. Hope: Which is Stronger in Venture Termination/Escalation Decisions?

Should I stay or should I go? That is one of the most important and recurring decisions that entrepreneurs make in the early stages of their ventures. Especially when entrepreneurs or entrepreneurial teams face the inevitable receipt of negative feedback or performance, why do some decide to escalate commitment to the venture while others decide […]

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“Reshaping demand landscapes: How firms change customer preferences to better fit their products.” A conversation with the author, Natalya Vinokurova.

Every so often, we stumble upon an article that we know is bound for greatness. With a conceptual model rooted in the fitness landscape tradition, insights from marketing and psychology, multiple real-life examples, and empirical findings from a longitudinal case study, Vinokurova’s forthcoming SMJ article has all the ingredients to become a classic of our field. […]

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Stepping beyond market concerns: How should firms engage with non-profit stakeholders to create value?

Should firms care about resolving social issues beyond their market boundaries? How can they create value by doing so? Concerns outside the boundaries of firms’ markets, such as environmental sustainability, infrastructure gaps, climate change, the rise of nationalism and protectionism around the world among many others, have an increasingly clear impact on firms’strategy. This is […]

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Are activist investors the villains?

Are activist investors the villains? In the movie “Pretty Woman (1990),” Richard Gere plays a corporate raider who takes over a struggling shipping company. The climax of the movie is when Gere’s character punches his colleague and old-time friend Phillip Stuckey in the face (played by Jason Alexander), decides not to break up the company […]

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Are outside CEOs detrimental to innovation?

The slow down in investment in innovation in large corporation is obviously concerning but it is also puzzling. In a recent SMJ paper, Trey Cummings and Anne Marie Knott argue that some of that decline may be the unintended consequence of corporations relying on outside CEOs. According to the authors, the emphasis on general managerial […]