René Abate is Senior Vice President in the Paris office of The Boston Consulting Group. He has recently published a book on the history of the largest French companies, called 'Trajectoire d'exception: à la découverte des plus grandes enterprises française'.Karel Cool holds the BP Chair of European Competitiveness and is Professor of Strategic Management at INSEAD in Fontainebleau, France. He has consulted for many international companies on major problems of corporate and industry restructuring and is the Associate Editor of the Strategic Management Journal.James Henderson holds the Tejabaipul Term Chair and is Assistant Professor of Strategic Management at Babson College in Wellesley, MA. He works on many strategy-related topics for international companies.

“The book is replete with excellent analysis of firm planning decisions. It draws insightful overarching conclusions.” Industrial Relations "The book is replete with excellent analysis of firm planning decisions. It draws insightful overarching conlusions."Recensions

• List of Contributors viiAbout the Editors x1 Restructuring Strategy 1James Henderson, Karel Cool, and René AbatePart I Industry and Network Competitiveness 152 Maintaining Collective Assets, the Tragedy of the Commons, and Supply Chain Performance: The Case of the Champagne Industry 17Karel Cool and James Henderson3 Organizing around Strategic Relationships: Networks of Suppliers as Knowledge Generators in the Italian Motorcycle Industry 44Andrea Lipparini and Gianni Lorenzoni4 Assessing the Knowledge Landscape across Firms in Alliance Networks and its Impact on Organizational Innovation Performance 68Beiqing (Emery) Yao and Susan McEvily5 Generative Interactions: The New Source of Competitive Advantage 86Yves Morieux, Mark Blaxill, and Vladislav BoutenkoPart II Successful Business Strategies during Periods of Industry Structuring and Restructuring 1116 Sustaining Superior Performance through a Bubble: Inter-firm Differences in the e-Consulting Industry 113M. Julia Prats and Ashish Nanda7 Delaying Market Entry: How Long Is Too Long? 139Moren Lévesque and Dean A. Shepherd8 Robust Capabilities? An Empirical Study of Incumbent-Entrant Product Development Capabilities after Radical Technological Change 153Neil Jones9 The Form of Departure: The Consequences of Presumptive Adaptation of Franchising Knowledge for Local Network Growth 175Gabriel Szulanski and Robert JensenPart III Superior Management and Governance Practices 20510 A Bayesian Application of the Resource-based View: Narrowing the Gap between Theory and Practice 207Mark H. Hansen, Lee T. Perry, and C. Shane Reese11 How Much Do Middle Managers Matter, Really? An Empirical Study on their Impact on Sustained Superior Performance 236Johanna Mair12 Impacts of Justification Behavior: The Forgotten Costs of Corporate Governance? 251Michael Nippa and Kerstin Petzold13 A New Approach to Improving Board Vigilance: Shift the Focus to Board Process 268Ann C. Mooney and Sydney FinkelsteinIndex 289

René Abate is Senior Vice President in the Paris office of The Boston Consulting Group. He has recently published a book on the history of the largest French companies, called 'Trajectoire d'exception: à la découverte des plus grandes enterprises française'.Karel Cool holds the BP Chair of European Competitiveness and is Professor of Strategic Management at INSEAD in Fontainebleau, France. He has consulted for many international companies on major problems of corporate and industry restructuring and is the Associate Editor of the Strategic Management Journal.James Henderson holds the Tejabaipul Term Chair and is Assistant Professor of Strategic Management at Babson College in Wellesley, MA. He works on many strategy-related topics for international companies.

“The book is replete with excellent analysis of firm planning decisions. It draws insightful overarching conclusions.” Industrial Relations "The book is replete with excellent analysis of firm planning decisions. It draws insightful overarching conlusions."Recensions

• List of Contributors viiAbout the Editors x1 Restructuring Strategy 1James Henderson, Karel Cool, and René AbatePart I Industry and Network Competitiveness 152 Maintaining Collective Assets, the Tragedy of the Commons, and Supply Chain Performance: The Case of the Champagne Industry 17Karel Cool and James Henderson3 Organizing around Strategic Relationships: Networks of Suppliers as Knowledge Generators in the Italian Motorcycle Industry 44Andrea Lipparini and Gianni Lorenzoni4 Assessing the Knowledge Landscape across Firms in Alliance Networks and its Impact on Organizational Innovation Performance 68Beiqing (Emery) Yao and Susan McEvily5 Generative Interactions: The New Source of Competitive Advantage 86Yves Morieux, Mark Blaxill, and Vladislav BoutenkoPart II Successful Business Strategies during Periods of Industry Structuring and Restructuring 1116 Sustaining Superior Performance through a Bubble: Inter-firm Differences in the e-Consulting Industry 113M. Julia Prats and Ashish Nanda7 Delaying Market Entry: How Long Is Too Long? 139Moren Lévesque and Dean A. Shepherd8 Robust Capabilities? An Empirical Study of Incumbent-Entrant Product Development Capabilities after Radical Technological Change 153Neil Jones9 The Form of Departure: The Consequences of Presumptive Adaptation of Franchising Knowledge for Local Network Growth 175Gabriel Szulanski and Robert JensenPart III Superior Management and Governance Practices 20510 A Bayesian Application of the Resource-based View: Narrowing the Gap between Theory and Practice 207Mark H. Hansen, Lee T. Perry, and C. Shane Reese11 How Much Do Middle Managers Matter, Really? An Empirical Study on their Impact on Sustained Superior Performance 236Johanna Mair12 Impacts of Justification Behavior: The Forgotten Costs of Corporate Governance? 251Michael Nippa and Kerstin Petzold13 A New Approach to Improving Board Vigilance: Shift the Focus to Board Process 268Ann C. Mooney and Sydney FinkelsteinIndex 289

René Abate is Senior Vice President in the Paris office of The Boston Consulting Group. He has recently published a book on the history of the largest French companies, called 'Trajectoire d'exception: à la découverte des plus grandes enterprises française'.Karel Cool holds the BP Chair of European Competitiveness and is Professor of Strategic Management at INSEAD in Fontainebleau, France. He has consulted for many international companies on major problems of corporate and industry restructuring and is the Associate Editor of the Strategic Management Journal.James Henderson holds the Tejabaipul Term Chair and is Assistant Professor of Strategic Management at Babson College in Wellesley, MA. He works on many strategy-related topics for international companies.

“The book is replete with excellent analysis of firm planning decisions. It draws insightful overarching conclusions.” Industrial Relations "The book is replete with excellent analysis of firm planning decisions. It draws insightful overarching conlusions."Recensions

• List of Contributors viiAbout the Editors x1 Restructuring Strategy 1James Henderson, Karel Cool, and René AbatePart I Industry and Network Competitiveness 152 Maintaining Collective Assets, the Tragedy of the Commons, and Supply Chain Performance: The Case of the Champagne Industry 17Karel Cool and James Henderson3 Organizing around Strategic Relationships: Networks of Suppliers as Knowledge Generators in the Italian Motorcycle Industry 44Andrea Lipparini and Gianni Lorenzoni4 Assessing the Knowledge Landscape across Firms in Alliance Networks and its Impact on Organizational Innovation Performance 68Beiqing (Emery) Yao and Susan McEvily5 Generative Interactions: The New Source of Competitive Advantage 86Yves Morieux, Mark Blaxill, and Vladislav BoutenkoPart II Successful Business Strategies during Periods of Industry Structuring and Restructuring 1116 Sustaining Superior Performance through a Bubble: Inter-firm Differences in the e-Consulting Industry 113M. Julia Prats and Ashish Nanda7 Delaying Market Entry: How Long Is Too Long? 139Moren Lévesque and Dean A. Shepherd8 Robust Capabilities? An Empirical Study of Incumbent-Entrant Product Development Capabilities after Radical Technological Change 153Neil Jones9 The Form of Departure: The Consequences of Presumptive Adaptation of Franchising Knowledge for Local Network Growth 175Gabriel Szulanski and Robert JensenPart III Superior Management and Governance Practices 20510 A Bayesian Application of the Resource-based View: Narrowing the Gap between Theory and Practice 207Mark H. Hansen, Lee T. Perry, and C. Shane Reese11 How Much Do Middle Managers Matter, Really? An Empirical Study on their Impact on Sustained Superior Performance 236Johanna Mair12 Impacts of Justification Behavior: The Forgotten Costs of Corporate Governance? 251Michael Nippa and Kerstin Petzold13 A New Approach to Improving Board Vigilance: Shift the Focus to Board Process 268Ann C. Mooney and Sydney FinkelsteinIndex 289