AFRICA ARI O 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 Centre for Globalization and Strategy at IESE. She holds a PhD from the Anderson School of Management at University of California, Los Angeles, USA. JEFFREY J. REUER is Associate Professor at the Kenan-Flagler Business School at the University of North Carolina, USA. His research is in the area of corporate strategy, and his current work examines corporate investments s