We combine insights from economics and psychology to understand how firms strategically plan to extend and terminate their contractual relationships. In many economic respects, provisions that allow a buyer to terminate a project early and those that allow a buyer to extend a project have much in common. Psychologically, however, including and exercising extendibility and early termination prov...

a Unidad de Epidemiología Clínica y Estadística Médica, Departamento de Ciencias Biomédicas, Universidad de Sassari, Unidad de Investigación, Formación Médica y Desarrollo Profesional, AOU Sassari, Sassari, Italy b Centro Colaborador con la OMS para la Tuberculosis y Trastornos Pulmonares, Fondazione S. Maugeri, Centro de Asistencia e Investigación, Tradate, Italy c IdISPa-FISIB, Hospital Unive...

Current business conditions mandate greater competitive advantage from HR agendas and processes. To add greater competitive advantage, HR must contribute strategic value against criteria from customer and capital markets. HR can add strategic value either reactively or proactively. In its strategically reactive mode, HR assumes the existence of a business strategy and adds value by linking HR p...