We classify the strategies by which management consultancies can create and sustain the institutional capital that makes it possible for them to extract competitive resources from their institutional context. Using examples from the German consulting industry, we show how localized competitive...

This chapter outlines the definitions of the concept of reputation and shows how they derive from different disciplines. The authors also discuss how they are inter-related in the management literature. Reputation is closely linked to an organization's perceived capacity to produce high-quality...

This paper advances understanding of the coordination of interdependence between multiple intersecting routines and its influence on the balancing of coexisting ostensive patterns. Building on a professional service routine – the deal appraisal routine – and its intersections with four...

Legitimacy is crucial for the survival and growth of strategic ventures inside larger corporations. Yet, despite much progress, research on the strategic venturing‐legitimacy nexus, that is, how internal strategic initiatives gain legitimacy and become part of the corporate strategy, remains...

Die Entwicklung betriebs- und volkswirtschaftlicher Forschungsprogramme beruht auf der wissenschaftlichen und technologischen Leistungsfähigkeit der ihnen zugrunde liegenden Metatheorien. Es lassen sich drei allgemeine und kohärente metatheoretische Standpunkte unterscheiden, die als...

In der Modelldiskussion haben sich zwei grundlegende Strömungen herausgebildet, die in diesem Beitrag als Passivistische Abbildungsthese und Aktivistische Konstruktionsthese bezeichnet werden. Der vorliegende Beitrag nimmt die Position der Passivistischen Abbildungsthese als Ausgangspunkt der...

An increasing number of firms are moving into a new form of competition which can be described as knowledge-based competition. Firms in knowledge-based rivalry are competing mostly on their learning capabilities. The relative importance of capital and labor as a key input factor in the...