The notion of globalization was an emerging trend during the course of the past century, and the notion of progress has been a basic tenet of the Western paradigm throughout the entire past millennium. Given the desperate situation in which large segments of the world find themselves and the...

In the 1960s, portfolio management led to conglomeration as management shifted its focus from competition to cash flows. However, dramatic changes in the business environment have put into question the fundamental logic of conglomeration as it became necessary once again to build sustainable...

Purpose – This paper aims to review the rise of the resource-based theory (RBT) in light of the perennial tension between rationalism and behaviorism. The authors appraise the RBT’s strengths and its potential fault-line, the erodibility of resources. Design/methodology/approach – A...