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.

List of Contributors viiAbout the Editors x1 Restructuring Strategy 1James Henderson, Karel Cool, and René AbatePart I Industry and Network Competitiveness 152 Maintaining Collective Assets, the Tragedy of the Commons, andSupply Chain Performance: The Case of the Champagne Industry17Karel Cool and James Henderson3 Organizing around Strategic Relationships: Networks ofSuppliers as Knowledge Generators in the Italian MotorcycleIndustry 44Andrea Lipparini and Gianni Lorenzoni4 Assessing the Knowledge Landscape across Firms in AllianceNetworks and its Impact on Organizational Innovation Performance68Beiqing (Emery) Yao and Susan McEvily5 Generative Interactions: The New Source of CompetitiveAdvantage 86Yves Morieux, Mark Blaxill, and Vladislav BoutenkoPart II Successful Business Strategies during Periods ofIndustry Structuring and Restructuring 1116 Sustaining Superior Performance through a Bubble: Inter-firmDifferences in the e-Consulting Industry 113M. Julia Prats and Ashish Nanda7 Delaying Market Entry: How Long Is Too Long? 139Moren Lévesque and Dean A. Shepherd8 Robust Capabilities? An Empirical Study of Incumbent-EntrantProduct Development Capabilities after Radical Technological Change153Neil Jones9 The Form of Departure: The Consequences of PresumptiveAdaptation of Franchising Knowledge for Local Network Growth175Gabriel Szulanski and Robert JensenPart III Superior Management and Governance Practices20510 A Bayesian Application of the Resource-based View: Narrowingthe Gap between Theory and Practice 207Mark H. Hansen, Lee T. Perry, and C. Shane Reese11 How Much Do Middle Managers Matter, Really? An EmpiricalStudy on their Impact on Sustained Superior Performance 236Johanna Mair12 Impacts of Justification Behavior: The Forgotten Costs ofCorporate Governance? 251Michael Nippa and Kerstin Petzold13 A New Approach to Improving Board Vigilance: Shift the Focusto Board Process 268Ann C. Mooney and Sydney FinkelsteinIndex 289