Strategic management scholars have shown increasing interest in explaining strategic change from the perspective of cognitive bias. However, most studies focus on individual cognitive bias but pay little attention to group cognitive bias. This study introduces a typical group cognitive bias (group polarization) to explain strategic change decisions made by the board of directors. Following the theory of group polarization, we argue that, when the average prior strategic change experienced in performance decline by board directors is relatively high (or low), the focal strategic change in performance decline will become even higher (or lower). We further contend that the proportion of female directors and board versus CEO power as the contingencies can mitigate this group polarization effect. Our hypotheses were strongly supported by a longitudinal sample of Chinese publicly listed companies during 2008–2018. The study's framework and findings contribute to the contextualization of social psychology research on group polarization in the study of board's strategic decision-making.

In this commentary, I expand on Fey's (2022) perspective on the future development of Chinese business schools. In particular, I explore some of the nuances related to Chinese business schools that were not covered by Fey with the goal of continuing this important dialogue.

Ahsan, Sinha, and Srinivasan (2020) studied the motives of knowledge-intensive Indian firms’ international expansion based on resource-based considerations and the locational advantages offered by host countries. They identified firm characteristics associated with strategic asset-seeking, opportunity-seeking, and market-seeking motives. In this replication study, we examine Ahsan et al.'s (2020) model in the Chinese context. Based on our improved empirical model, our findings reveal some similarities but more importantly some key differences in the antecedents of internationalization motives between Indian and Chinese firms. Drawing on insights from prior studies, we propose that these differences can be attributed to differences in absorptive capacity, international expansion scales and patterns, ownership type, and the home institutional contexts in which Indian and Chinese firms operate. Overall, this replication study demonstrates the importance of contextualizing international business research.

This issue features three papers related to family businesses, as part of Management and Organization Review’s effort to address research on family businesses in China and other transforming economies. The papers were all accepted by Senior Editor Xiaowei Rose Luo at INSEAD and her ERB team, who shepherded these papers to publication in MOR.

Child and Marinova’s (2014) framework provides an important conceptual tool to analyze the globalization of Chinese firms by highlighting the Chinese context and the context of the host country. Their framework is defined by two dimensions: political stability and institutional maturity, which needs to be augmented by a cultural dimension. To illustrate this argument, I review the importance of a broadened notion of cultural distance, intercultural competence, and intergroup dynamics in shaping the learning and adaptation, and eventual success of Chinese expatriates and firms in their global expansion. There is a severe lack of research on the culture-related issues confronting Chinese global firms, a priority area for future research.

Do it right the first time! But, how? Current dialogue on the expansion of emerging market multinational enterprises (EMNEs) is pervasive. Nonetheless, it ought to have examined strategic attributes and the speed of implementing different strategies for their first venture. Drawing on the springboard perspective, this study tests the impact of EMNEs' first cross-border acquisition (CBA) strategy and speed on their consequential expansion frequency and performance. We also examine the boundary conditions of comparative nationalism between countries, in view of the resurgence of nationalism in an era of deglobalization. Findings reveal that EMNEs' rapid adoption of a focused strategy for their first CBA increases their expansion frequency, while the adoption of a conglomerate strategy decreases it. These relationships are affected in reverse by high comparative nationalism, and the performance consequences of expansion vary with firms using different strategies for their first attempt. This study enriches the EMNE literature and highlights the role of national ideologies in international business research.

This study unpacks how responsible leadership driven by a social mission can accomplish both social objectives and financial goals to support an organization's survival. We focus on a social enterprise in the healthcare industry in China and examine how it balances its social mission and economic goals by enlarging the capacity of medical institutions and providing high-quality services to a high number of patients. Through our analysis of the case firm, we reveal the motivation and actions of an entrepreneur in establishing a socially responsible firm and the social implications of responsible leadership in operating such an enterprise. We provide an important supplement and extension to the work of Smith and Besharov (2019) by demonstrating how a responsible leader in China manages the process of balancing social and economic goals. We further contribute to the understanding of how a socially responsible firm can improve the healthcare industry and the reform of China's healthcare.

This is a follow-up discussion about the Chinese electric vehicle (EV) sector, in particular the relative prospects of traditional automotive manufacturers and new ‘species’, four years after our last conversation on this topic (Jiang & Lu, 2018). It is also a response to Murmann and Vogt's (2022) latest article, which goes beyond Teece's (2019) focus on dynamic capabilities and constructs a systematic framework of firm capabilities to understand the competitive dynamics during a transformational shift of products.

Let me invite you to travel in your mind to the year 2030. Imagine that you are one of the Senior Editors of MOR and have been asked by the Editor-in-Chief to write a short retrospective on the previous 15 years.

The increasing FDI in Africa from China and India in recent years has drawn the attention of scholars, policy makers, and the media. Africa is an arena where the two emerging giants compete on different bases. Indian firms have the advantage of institutional proximity and large diaspora communities in Africa, while Chinese firms rely on government-to-government relationship-building. The rivalry between India's soft power and Chinese hard power in Africa will continue for the foreseeable future.

In honouring John Child receiving the 2012 IACMR Lifetime Contribution Award, we present this Editors’ Forum to showcase his research into the influence of country context on organizations. The forum starts with an invited paper by Child and Marinova that analyzes the challenges faced by Chinese firms in their outward foreign investment. This is followed by four commentaries from Klaus Meyer, Peter Murmann, Kwok Leung, and Gordon Redding. The forum concludes with some reflections by Child and Marinova on the commentaries. Collectively, these six papers provide rich and inspiring insights into John Child’s approach to research and how we can learn from it. Five general observations are offered as suggestions for improving current research practice, including: (1) deepening contextual understanding; (2) theorizing across disciplines; (3) respecting the phenomenon; (4) recognizing cultural contingencies; and (5) rebalancing research criteria.

Decision makers inevitably face a variety of tensions when managing strategic change. Research from organization and strategy perspectives, such as paradox and organizational learning, has offered useful but limited insight into the systematic mindset and thinking processes involved in decision making. We draw on theoretical and philosophical foundations of the transparadox perspective and related theories to build a dynamic process cycle of transparadoxical decision making. Three interrelated dimensions make up our model: (1) Transparadox Information Navigation, which includes embracing oppositional tendencies, syncretic focus, and creative transcendence; (2) Transparadox Contextual Consideration, characterized by prudent precision and recognizing the flux of temporality and spatiality; and (3) Transparadox Integration, which comprises design-type integration and exploration-type integration. We then present propositions on the interdependent and reinforcing mechanism among the three dimensions. Our work expands the paradox literature with specific mindset dimensions and constituent elements, connecting paradox research with the cognitive perspective by adding dynamic, cyclical processes to paradox cognition study.

The liability of foreignness increases firm risk of doing business abroad. However, it appears not to deter Chinese firms as evidenced by their risky internationalization pattern. This study is concerned with explaining this phenomenon. Drawing on organizational learning and institutional theories, I argue that institutional heterogeneity in China gives firms an opportunity to develop routines to overcome the liability of foreignness through acquisition experience gained outside of their home provinces. Further, I propose that coastal and inland firms draw different routines from their acquisition experiences. I test these arguments on panel data of listed Chinese firms, tracing their acquisition behavior from 2006 to 2015. My analyses suggest that acquisition experience outside of home province matters and that, in the case of inland firms, coastal acquisition experience facilitates subsequent internationalization. The present study contributes to the literature on the internationalization of Chinese firms. It highlights the value of context-specific measures for Chinese management research, sheds light on the functionality of institutional heterogeneity in China, and provides evidence to re-evaluate the riskiness of Chinese firms’ internationalization pattern.