Joan E. Ricart, Past President of the SMS, is the Carl Schrøder Professor of Strategic Management and Chairman of the Strategic Management Department at the IESE Business School, University of Navarra. He is the Associate Director for Faculty and Research, and has been the Director of the Doctoral Program (1995-2006) and Associate Dean for Research and the Doctoral Program (2001-2006). He is also Director of the scientific committee of EIASM and Vice-president of the Iberoamerican Academy of Management. He was the Founding President of the European Academy of Management (2001-6). Joan E. Ricart has published several books and articles in leading journals. His current areas of interest in strategic management are business models and offshoring. He received doctoral degrees in industrial engineering (1982 from the Universidad Politécnica de Catalunya), managerial economics (1984 from Northwestern University) and economics (1985 from the Universidad Autónoma de Barcelona).