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This series on research in international human resource management and strategy is designed to stimulate discussions on current developments in these disciplines. The scope of this series reflects the importance of the fields of strategy and human resource management in the international environment of a globalised world. Both fields have the potential to contribute essentially to the description and explanation of competitive advantage realisation, performance issues and to achieving other corporate goals and objectives. Therefore, these areas need attention in research as well as in practice. This series will focus on the latest research results in this field by integrating original research results from research projects including PhD theses. This volume consists of three parts mapping the field of the series: Part I focuses on the field of strategy in an international context. Competitive advantage realisation in different forms of value net organisations, industry structures and knowledge structures as well as SME issues and strategy in an international context are investigated in this part. Part II provides contributions to the field of International Human Resource Management. They focus on global performance management, expatriate careers and compensation strategies in multinational enterprises. Part III of this volume is dedicated to understanding the context of international business focusing on the institutional context explaining convergence or divergence in personnel management in Europe, the impact of the corporate culture on employee behaviour in multinational firms as well as a multiple environmental perspective related to the situation of single firms in clusters.