Strategy is the entrepreneurial quest to gain a sustainable competitive advantage. Firms’ dependency on States during systemic economic crises underscores the need to redefine “sustainable”. At periodic intervals, States have to tackle the democratic deficits that spill over from market...

In this paper we address an empirical and theoretical issue which is under researched. Does history, i.e. a company’s organizational traditions, hamper strategic renewal and cause drift, as the management literature suggests? Or can traditions help companies to systematically and successfully...