Second, theoretical considerations suggest that resources and managerial motivations may need to be present simultaneously to trigger strategic actions. Hence, there may be interaction effects between, for example, resources and past performance, but it also opens the possibility that the simultaneous presence of both conditions is a necessary condition for actions to be undertaken. We conducted exploratory tests of moderating effects between these two sets of variables on action speed, but we did not find statistically significant effects. We believe this is likely due to our sample size being too small to detect more complex empirical relationships. However, such moderating effects would be a fruitful avenue for future research.