Africa Arino is Associate Professor of General Management at IESE Business School, University of Navarra, Spain, where she serves as Associate Director for Faculty. She is also Academic Director of the Anselmo Rubiralta Center for Globalization and Strategy at IESE. She holds a Ph.D. from the Anderson School of Management at University of California, Los Angeles. Pankaj Ghemawat is the Jaime and Josefina Chua Tiampo Professor of Business Administration at Harvard University's Graduate School of Business Administration and Head of the Strategy Unit. Ph.D. In Business Economics from Harvard University, he worked as a consultant with McKinsey and Company in London during 1982 and 1983, and has taught at the Harvard Business School since then. In 1991, he was appointed the youngest full professor in the Business School's history. He is a Departmental Editor for the Journal of International Business Studies. Joan Enric Ricart is Associate Dean for research and the doctoral programme, and Chairman of the General Management department at IESE Business School, University of Navarra in Spain. He holds Doctoral Degrees in Industrial Engineering (Universidad Politecnica de Catalunya, 1982), Managerial Economics (Northwestern University, 1984) and Economics (Universidad Autonoma de Barcelona, 1985). He is President of the European Academy of Management and Associate Editor in Chief for the Journal of International Business Studies.