Purpose – The purpose of this paper is to question the continued usefulness of the hierarchy of strategies framework and to propose a new approach. Design/methodology/approach – The study reviews extant literature and theorizes a new approach. Findings – The paper finds that the hierarchy...

Purpose: This research study compares the financial success of emerging market companies that have globalized with similar sized EMNC companies that have stayed home. Design/methodology/approach: One target cohort for this study was the short list of emerging market multinationals (EMNCs) that...

Purpose – Strategic renewal requires both a top‐down and bottom‐up effort. Top management sets the broad vision for the firm and specifies the scope and pace of renewal. However, it is the firm's entrepreneur‐managers who shape its renewal strategies and take responsibility for their...

Purpose – As an alternative to the two extremes of protecting and extending the core business versus transforming it, the article aims to propose two other renewal strategies, “leverage” and “build,” that together provide a pathway for continuous renewal. Design/methodology/approach...

Purpose – This paper aims to explain how undue emphasis on unit accountability can foster parochial behaviors and silo thinking that drive out inter‐unit cooperation. It also aims to warn that growth strategies depend on cross business sharing. Design/methodology/approach – The author,...

Purpose – Low customer purchasing power and lack of adequate infrastructure are two difficulties that restrict opportunities in any emerging market. This paper seeks to describe how to overcome these hurdles. Design/methodology/approach – The paper blends two different perspectives on...

Purpose In order to be a true global leader, Chinese firms must be able to be trailblazers in both emerging and advanced markets. Design/methodology/approach Five major Chinese companies are studied: Each of the five leaders has shown interest in building an organization that can nurture...

Models of corporate transformation typically distinguish a sequence of three stages: Restructuring, Revitalization, and Renewal. The last one comes closest to corporate Nirvana. However, there are very few examples of firms that have progressed successfully through all three stages. What is...