Georgia Tech strategic management researchers won the Best Paper Award at the 2010 DRUID Conference. Authored by PhD candidate Konstantinos Grigoriou and professor Frank Rothaermel, the paper is titled, "Organizing for Adaptation: Innovative Capabilities, Relational Stars, Coordination Costs, and Boundary Choices."

Held June 16-19 at the Imperial College Business School in London, the annual DRUID conference aims to explore new theoretical, empirical and methodological advances in industrial dynamics, contributing novel insights and stimulating a lively debate about how economic systems and organizations evolve."

According to conference organizers, criteria for evaluation of papers were novelty, academic quality, relationship to industrial dynamics in general, and in particular to the conference's theme: "Opening up Innovation: Strategy, Organization, and Technology." Of the more than 500 submissions, four papers were nominated for the conference's Best Paper Award.

The winning paper was chosen by DRUID’s distinguished Scientific Advisory Committee, including representatives from top business schools such as the University of Pennsylvania (Wharton), Yale University, Carnegie Mellon (Tepper), Univeristy of Michigan (Ross), Cornell (Johnson), Bocconi, etc.

Rothaermel, who holds Angel and Stephen M. Deedy professorship, is an Alfred P. Sloan Industry Studies Fellow, with an emphasis on the pharmaceutical biotechnology industry. He holds a National Science Foundation (NSF) CAREER award.