This paper presents a theory of business model innovation (BMI) within incumbent firms. The process of business model change is examined, with particular attention to business units in a multibusiness enterprise. The paper expands upon past definitions of business models. It identifies four...

This article tries to sum up lessons all facing any crisis should be aware of. We use the CoVid-19 crisis to illustrate these lessons and put them in a context that concerns us all today. What is particularly painful in the crisis – a fact that motivated the writing of this article - is to see...

Humanity is facing an increasing number of wicked problems. The COVID pandemic is a telling example. Wicked problems are novel, complex, without a single “right” answer. They provide an ultimate test of leadership, as distinct from management. We suggest that effective leadership in the face...

The current COVID-19 sanitary and economic crisis requires a “New Deal” between EU governments and EU banks: EU banks agree to partner with governments in enabling the effective transmission of the government's vital financial support to the real economy in exchange for a transformation of...

Following a number of recent crises, including, amongst others, financial crises, COVID-19, global climate change, and the Ukraine War, this article reviews the main principles guiding crisis management. Our first aim is to sum up the main lessons that these crises have taught or reminded us of....

“Fair Process Leadership” (FPL) is an integrative approach to leadership that emphasises high levels of engagement and transparency with stakeholders, as well as objective evaluation of both outcomes and process. Research shows the presence of FPL generates trust, and leads to effective...

In this article we reassess the myth of Napoleon Bonaparte, not so much from the standpoint of battles and conquests, but more from the point of view of justice, particularly procedural justice. This approach allows us to define the righteous leader as one who applies procedural justice. Using...

The ‘strategy creation’ process – the process of formulating and implementing strategy – has been under critical study for decades for not delivering the desired results. The discussion on how a strategy process should be run has resulted in a number of ‘strategy schools’. Procedural...

The corporate world today is changing fast. To survive firms must be competitive, ready for changes, exploiting opportunities presented by globalization, finding finance when crisis hits, and, generally, to be able to adapt to new challenges more rapidly than possibly ever before in corporate...

The corporate world today is changing fast. To survive firms must be competitive, ready for changes, exploiting opportunities presented by globalization, finding finance when crisis hits, and, generally, to be able to adapt to new challenges more rapidly than possibly ever before in corporate...