Micro-Foundations of Strategic Renewal

Strategic renewal is a unique type of change that holds the promise of restored strength, and vigor if decayed elements are replaced (Agarwal & Helfat, 2009). Gaps remain in our understanding about how and when strategic renewal occurs, pointing to a need for examining its micro-foundations. We aim to fill this gap by elevating the role of affect, alongside cognition and behavior, to highlight the potential affect provides for strategic renewal....