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The present era is characterized by the challenge of uncertainty in decision making and policy making, increasing pressure to innovate, and adapt to a rapidly changing business environment (Eggers, 2012; Markard, Stadelmann, & Truffer, 2009). Managers have to deal with a multitude of developments: the ongoing process of globalization, the emergence of new technologies, sustainability transitions, unexpected events, and growing competition, which poses the need for constant adaptation and reinvention of businesses (Agarwal and

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