Co-evolutionary Perspectives in Practice? A Case Study of an Emerging Organizational Form Prepared for submission to the Journal of Management Studies, 2002 Special Issue: Beyond Adaptation and Selection Research: Organizing Self-Renewal in Coevolving Environments Edited by Arie Y. Lewin and Henk W. Volberda Benjamin Powell Management and Marketing Dept. The University of Alabama P.O. Box 20066 Tuscaloosa, AL 35402-0066 Email: bpowell@cba.ua.edu Phone: 1 205 348-8925 Fax: 1 205 348-6695 Johannes Pennings Management Dept. The University of Pennsylvania 3620 Locust Walk, 2000 SH-DH Philadelphia, PA 19104 Email: pennings@management.wharton.upenn.edu Phone: 1 215 898-7755 Fax: 1 215 898-0401 September 8, 2001 1