This overview of transaction cost economics is organized around the "Carnegie Tripleʺ be disciplined; be interdisciplinary; have an active mind. The first of these urges those who would open up the black box of economic organization to do so in a modest, slow, molecular, definitive way, with the...

1. Introduction: Adaptive Strategy-making in Turbulent Environments / Torben Juul Andersen, Simon Torp, Stefan Linder -- 2. Strategic Flexibility in Turbulent Times: Impact of CEO's Willingness and Permission to Change / Julian Hess, Tessa Flatten -- 3. Exploring Adaptive Small and Medium...

The global business environment is becoming increasingly volatile and unpredictable, reflecting the consequences of operating in a dynamic and complex business environment in constant flux with the potential of extreme outcomes. As a consequence, corporate performance data generally displays...