By Richard A. Bettis

The bursting of the ‘dotcom bubble’ and the terrorist assaults of September eleven, 2001, have introduced into query got knowledge approximately approach. This quantity stories the teachings to be learnt from those occasions, and proposes that, for this reason, approach within the twenty-first century should improve alongside new strains. Comprising a sequence of remarkable contributions by way of specialists within the box, the gathering makes a speciality of adjustments which are happening in how procedure is seen, formulated and analysed, and appears ahead to the way forward for strategic administration. It discusses the emergence of recent modes of pondering, new types, and new techniques, and lays foundations on which procedure can construct in destiny.

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Stuart, T. E. and Podolny, J. M. 1996: Local search and the evolution of technological capabilities. Strategic Management Journal, 17, 21–38. Teece, D. J. 1976: The Multinational Corporation and the Resource Cost of International Technology Transfer. Cambridge, MA: Ballinger. Teece, D. J. 1992: Competition, cooperation, and innovation: organizational arrangements for regimes of rapid technological progress. Journal of Economic Behavior and Organization, 18, 1–25. Teece, D. J. 1996: Firm organization, industrial structure, and technological innovation.

The positive interaction term between related prior innovation (PC banking) and in-house operation implies that banks having engaged in PC banking are more likely to have advanced services among their transactional Internet banking applications. Comparing the strength of initial versus emerging capabilities, it becomes clear that path-dependent capabilities are dominating emerging capabilities. Prior related innovations (PC banking) positively affect innovation implementation, whereas years of accumulated prior experience (years on SITC01 29 10/11/2004, 09:10 AM 30 CARMEN WEIGELT the web) positively affect adoption.

Strategic Management Journal, 21, 1061–81. Kim, D. and Kogut, B. 1996: Technological platforms and diversification. Organization Science, 7, 283–301. Klepper, S. and Simons, K. L. 2000: Dominance by birthright: entry of prior radio producers and competitive ramifications in the US television receiver industry. Strategic Management Journal, 21, 997–1016. Kogut, B. and Zander, U. 1992: Knowledge of the firm, combinative capabilities, and the replication of technology. Organization Science, 3, 383–97.

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