“…This concept directs attention to a firm’s ability to nimbly capture strategic opportunities ( Kotter, 2014 ) through the flexible adaptation and reconfiguration of business models ( Doz & Kosonen, 2010 ). Accordingly, strategic agility has been embraced by different functional areas of management—such as information technology, human resource management, supply chain and production ( Doz, 2020 ; Sambamurthy, Bharadwaj, & Grover, 2003 ; Shams, Vrontis, Belyaeva, Ferraris, & Czinkota, 2020 )—and has been applied in multiple contexts such as business model renewal ( Doz & Kosonen, 2010 ; Teece et al, 2016 ), digital transformation ( Warner & Wäger, 2019 ), the governance of international joint ventures ( Debellis, De Massis, Petruzzelli, Frattini, & Del Giudice, 2020 ), and acquisition processes ( Junni et al, 2015 ).…”