Michael A. Hitt holds the Paul M. and Rosalie Robertson Chair in Business Administration at Texas A & M University. He received his PhD from the University of Colorado and has been chosen to receive an honorary doctorate from the Universidad Carlos III de Madrid in recognition of his scholarly contributions in business administration. He has authored or co-authored several books and book chapters and numerous journal articles in such journals as the Academy of Management Journal, Strategic Management Journal and Academy of Management Review. Furthermore, he has served as Consulting Editor (1988-90) and Editor (1991-93) of the Academy of Management Journal. He is a Past President of the Academy of Management and is a Fellow in that organization. Following Michael Porter (1994) and C.K. Prahalad (1995), he received the 1996 Award for Outstanding Academic Contributions to Competitiveness from the American Society for Competitiveness. Joan E. Ricart i Costa is a full professor in Economics and General Management at IESE. He is Chairman of the General Management Department and Director of the Doctoral Program. At the Universidad Politécnica de Catalunya (1978), he received a doctoral degree in Industrial Engineering in 1982 and was also professor there. From Northwestern University (USA), he received a Master of Sciences (1982) and PhD in Managerial Economics (1984); he is also a Doctor in Economics by the Universidad Autónoma de Barcelona (1985). In 1992-93 he was Research Fellow at the Harvard Business School. He has published several books and articles in international and national journals. His areas of interest are strategic management, economics of organizations and organizational design, industrial economics and game theory, and information systems. Robert D. Nixon is an assistant professor of Strategic Management at the A.B. Freeman School of Business, Tulane University, where he teaches strategic management, global strategic management, project management and organizational theory at the undergraduate, masters and doctoral levels. Dr Nixon earned his engineering degree from Brigham Young University and his PhD in Strategic Management from Texas A & M University. Dr Nixon's research has been presented at the annual meetings of the Academy of Management, Administrative Sciences Association of Canada, Marketing Science Institute, and Project Management Institute. He has published in the Journal of Engineering and Technology Management, Entrepreneurship Theory & Practice, Marketing Science Institute and Organizational Dynamics as well as the proceedings of national conferences. His extensive industrial experiences encompass work for international, high-technology firms and the founding and management of more than a dozen entrepreneurial firms.