Navigating creative destructions in the 21st century: external pressures and resource recombination

Whether and how firms respond and adapt to external pressures has important implications for organizational performance and evolution. Prior research has established that firms may be impelled to reposition, innovate, or specialize, all of which have important repercussions for resource allocation and recombination. Further research is needed in order to advance our understanding of the specific drivers of industrial renewal taking place across various settings. Papers in this symposium address questions regarding external pressures and resource recombination, offering new theoretical frameworks and drawing on empirical settings including transport, energy, and pharmaceutical industries.