In the context of technological and social changes, business faces the challenges of a more complex operating environment. New business models are required that take into account an unprecedentedly wide range of emerging factors. Among such approaches, an integral model stands out, which allows...

In this article, I offer an economic analysis of the characteristics that are associated with corruption when it is facilitated through social exchange or “guanxi” as it is called in China. To that end, I challenge the framework applied in classic social exchange theories and contend that...

Dieser Beitrag interpretiert Edmund Phelps - insbesondere in seinem Spätwerk - als einen wichtigen Impulsgeber der Wirtschaftsethik. Die These lautet, dass sich für Phelps die moralische Qualität der Marktwirtschaft nicht in erster Linie daran bemisst, dass sie den Mitgliedern der...

This article discusses how the theoretical perspective of ordonomics provides a framework for better understanding and advancing the practice of social entrepreneurship. From an ordonomic perspective, the concept of social entrepreneurship offers a semantic innovation (at the ideas level) whose...

As the business organizations are expanding at a rapid pace, so is the circulation of human resources the world over. Managers and workers are required to work in different socio-economic environments which, at times, may not be similar to those of their home countries. It is imperative...