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New industries are emerging; others are disrupted; old barriers are crumbling, while new ones are rising. This book seeks to better understand the challenges facing industries, networks, businesses and management during periods of industry structuring and restructuring.

Comprising a series of contributions from experts in the field, the book addresses key questions about the opportunities and threats posed by these times of turmoil, including: How do existing industries sustain their competitiveness in such difficult times? How do networks stave off threats from new technologies? How do emerging and incumbent companies survive when growth is not an option? And how should companies be governed during periods of industry structuring and restructuring?

In answering these questions, the contributors provide an overview of the strategies that industries, networks, businesses and managers are currently deploying in order to adapt to chaotic conditions and to enhance business profitability. Their responses make a distinctive contribution to scholarly thought and management practice.

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Comprising a series of contributions from experts in the field, the book addresses key questions about the opportunities and threats posed by these times of turmoil, including: How do existing industries sustain their competitiveness in such difficult times? How do networks stave off threats from new technologies? How do emerging and incumbent companies survive when growth is not an option? And how should companies be governed during periods of industry structuring and restructuring?

In answering these questions, the contributors provide an overview of the strategies that industries, networks, businesses and managers are currently deploying in order to adapt to chaotic conditions and to enhance business profitability. Their responses make a distinctive contribution to scholarly thought and management practice.

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List of Contributors vii
 
About the Editors x
 
1 Restructuring Strategy 1
 James Henderson, Karel Cool, and René Abate
 
Part I Industry and Network Competitiveness 15
 
2 Maintaining Collective Assets, the Tragedy of the Commons, and Supply Chain Performance: The Case of the Champagne Industry 17
 Karel Cool and James Henderson
 
3 Organizing around Strategic Relationships: Networks of Suppliers as Knowledge Generators in the Italian Motorcycle Industry 44
 Andrea Lipparini and Gianni Lorenzoni
 
4 Assessing the Knowledge Landscape across Firms in Alliance Networks and its Impact on Organizational Innovation Performance 68
 Beiqing (Emery) Yao and Susan McEvily
 
5 Generative Interactions: The New Source of Competitive Advantage 86
 Yves Morieux, Mark Blaxill, and Vladislav Boutenko
 
Part II Successful Business Strategies during Periods of Industry Structuring and Restructuring 111
 
6 Sustaining Superior Performance through a Bubble: Inter-firm Differences in the e-Consulting Industry 113
 M. Julia Prats and Ashish Nanda
 
7 Delaying Market Entry: How Long Is Too Long? 139
 Moren Lévesque and Dean A. Shepherd
 
8 Robust Capabilities? An Empirical Study of Incumbent-Entrant Product Development Capabilities after Radical Technological Change 153
 Neil Jones
 
9 The Form of Departure: The Consequences of Presumptive Adaptation of Franchising Knowledge for Local Network Growth 175
 Gabriel Szulanski and Robert Jensen
 
Part III Superior Management and Governance Practices 205
 
10 A Bayesian Application of the Resource-based View: Narrowing the Gap between Theory and Practice 207
 Mark H. Hansen, Lee T. Perry, and C. Shane Reese
 
11 How Much Do Middle Managers Matter, Really? An Empirical Study on their Impact on Sustained Superior Performance 236
 Johanna Mair
 
12 Impacts of Justification Behavior: The Forgotten Costs of Corporate Governance? 251
 Michael Nippa and Kerstin Petzold
 
13 A New Approach to Improving Board Vigilance: Shift the Focus to Board Process 268
 Ann C. Mooney and Sydney Finkelstein
 
Index 289

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