Firm Profitability - Does it really matter for shareholder return or ROE (return on equity)? Does this question sound oxymoron and antithetic? Not really. On the contrary, evidence has surfaced that Returns on equity - based on the shareholders' equity accounted in the balance sheet - is not...

The objective of this paper is to explore strategic process models for sustainability. Strategic management helps deal with “messy” problems by integrating multiple, even conflicting, factors through models of strategic processes. A survey of strategic process research provides five broad...

Research Summary: Firm size has long been recognized as a source of competitive advantage. However, the disruptions arising from the knowledge-based global economy are decoupling the link between firm size and profitability. We demonstrate in this article, the structural shifts and evolving...

Large firms are increasingly facing existential crisis. While knowledge and information era organizations are replacing industrial age giants in the honor rolls of technocratic leadership, quality, excellence, and profitability, the large industrial era firms (whether banking, utilities,...

With the Nobel Prize in economics for the year 2013 awarded to the scholars who have juxtaposed the theories on market efficiency, and doubtlessly asserting the inefficiency of financial markets by reasoning the disconnect between the firm performance and volatility in asset prices, reforming...

The untenable volatility of financial markets and fleeting nature of stock ownership on one side and corporate scandals, high-risk managerial whims and empire-building attitudes of corporate managers on the other have rekindled a three-decade-old debate on whether financial markets, especially...

Words manifest in many forms - symbols, proverbs, metaphors, riddles, parables, stories and hymns- and form the basis of our culture, organizations, and socio-economic-political systems. Words not only mean the objective phenomena that determine our lives, but also assist in the creation and...

Purpose – The purpose of this paper is to trace the emergence of knowledge-centric innovative enterprises that function in a disaggregated and dispersed form and further contemplate the economic and managerial rationale behind this strategy. A constant challenge to large organizations as well...

The alliance governance ndash; whether equity or nonequity based ndash; through which an alliance is governed serves as a mechanism to protect a firm from partner's opportunistic behavior, manage resource dependence and facilitate knowledge sharing. Alliance governance structure also reflects...

Extant research on strategic alliances has established that contractual controls do not provide a complete safeguard to avert an alliance failure, and that alliance governance needs to be reinforced with relational norms such as trust. However, there is scant research evidence available on...