Purpose – As companies grow and evolve, they inevitably face an influx of new personnel and changing responsibilities of existing staff members, often resulting in an increasingly complex organizational design. During periods of rapid organic growth, new layers of management and labor may be...

The development of human capital is critical for firms to gain competitive advantage. However, short‐term, risk‐averse managerial behaviour often produces lower investments in the development of human capital. Short‐term risk‐averse managerial behaviour is often the result of managerial...

Growing competition and globalisation have led to massive changes in the approaches of traditional management systems and techniques. Often this needs a radically different way of organising activities, recruiting and developing people, and measuring performances and results. In this article,...

To increase the odds of survival, leaders at all levels must become obsessive about change. Change must become the norm, not cause for alarm. Questions such as “What, precisely, exactly, unequivocally, have you changed — today?” are deceptively simple but most often go unasked. They are,...

The newly developed market‐oriented system in Hungary requires new values, different abilities, and more sensitivity to a wide variety of issues on the part of corporate leadership. The nature of these values and abilities will more than likely vary depending on the industry. The purpose of...

Purpose – In anticipation of the demands of its constituents, management schools have to deal with the dual challenge facing management education: the challenge of relevance, in particular to integrate the subject of corporate social responsibility (CSR) into the management curriculum, and the...

Purpose – This paper set out to explore the potential for business leaders to do good in a way that is fully integrated with their organisational objectives and their personal purpose. In light of major issues confronting society, including environmental fragility, financial vulnerability and...

Purpose – This paper seeks to provide an approach to analyze the causes of the current financial crisis. Following classic guidelines of Catholic social thought, it aims to show how personal virtues may have prevented it. Design/methodology/approach – This is a practitioner paper summarizing...

Purpose – This paper aims to look at the development of economic theory into what Aristotle called a “theoretical science” and the subsequent rejection of practical wisdom. Since business education is largely based on economic theory, this has an effect on management and other business...