The paper develops a formal evolutionary framework for organizational change. It argues that strategizing is part of a learning process that can be captured using evolutionary concepts illustrated by the example of globalization processes. These lead to entry and encounters of organizations of...

Most economic theories, which are based on concepts of equilibria and closed systems, do not sufficiently manage to describe the dynamics of the economic process. The Austrian economist Schumpeter already formulated at the beginning of the 20th century that revolutionary innovations are often...