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(1.) Entrepreneurial ideas may also be stifled, and we note this possibility in the next section on costs of integration.

Chamu Sundaramurthy is Professor of Management at the College of Business, San Diego State University.

Glen E. Kreiner is Assistant Professor of Management and Organization at the Smeal College of Business at Pennsylvania State University.

We are indebted to Blake Ashforth and Elaine Hollensbe for their insights on earlier versions of the manuscript. Research for this paper was sponsored in part by funding from San Diego State University, College of Business and the Entrepreneurial Management Center; the University of Cincinnati Research Council; and the Family Owned Business Institute at Grand Valley State University. An earlier version of this manuscript was presented at the annual meeting of the Academy of Management, Honolulu, 2005.

Please send correspondence to: Chamu Sundaramurthy, tel.: (619) 594-4845; fax: (619) 594-3272; e-mail: csundara@mail.sdsu.edu