Living and operating in a global world, the risk for a global economic crisis has never been greater. As ongoing events, such as the COVID-19 pandemic, the recent war in Ukraine or the sharply increasing inflation have shown, organizations need to be highly resilient to persevere in a...

Part I: Introduction and Framing -- 1. The Framing of the Book and Why Experience Can Be Both, a Success and a Failure Factor -- 2. A Recap of the Three-Pillar Model and Its Importance for the Book‘s Objective -- 3. General Concept and Proceeding -- Part II: Outcome of the Interviews -- 4....

In this paper, we develop a simple general-equilibrium trade model in which heterogeneous workers make an investment decision in acquiring advanced managerial skills and choose their optimal effort level based on their own individual organizational beliefs and CEOś managerial vision. In doing...