In recent years, policy experiments using large microeconomic datasets have gained ground in macroeconomics. Imposing rational expectations, we examine robustness of evidence derived from ideal natural experiments applied to atomistic agents in dynamic settings. Paradoxically, once experimental...

Researchers have made great efforts to understand the dynamics of various organizational elements that enhance innovativeness. They have identified certain organizational solutions in terms of structures, systems, and processes that contribute to innovations in organizations. Most of the...

Negative advertising provides information about the weaknesses of a competitor’s product. We study negative advertising with a focus on how it impacts product positioning for profit-maximizing firms. We build a model of informative advertising competition, where product positioning is...

Utilitarianism arguably provides the philosophical justification for suboptimal management theory. We provide a historical perspective on the development of management theory from its utilitarian basis, and highlight the missing conceptual link between management theory and human dignity. We...

This paper is aimed at analyzing a very important view of the process of implementing quality management in organizations, in order to gain a competitive advantage. By integrating the basic principles of complete quality management, organizations themselves begin to feel the benefits and...

In this paper, I am examining the foundational assumptions of human nature (ontology) that guide current corporate governance and strategy. I question these assumptions based on the latest findings from the sciences and propose an alternative, humanistic ontology. This ontology allows us to...

In this paper, I am examining the foundational assumptions of human nature (ontology) that guide current corporate governance and strategy. I question these assumptions based on the latest findings from the sciences and propose an alternative, humanistic ontology. This ontology allows us to...

Capitalism has long had a bad reputation, and not only in the former communistic countries. The public discourse on continents such as Latin America and Africa has long been very critical of Anglo-Saxon style business. What is novel, however, is that with the new millennium, the discontent with...

Corporate success stories often resemble a snowball. We show how initial luck in hiring talented people, the resulting technological advantage, superior corporate culture, and statusseeking by workers and by consumers can make small initial differences generate large differences over time.

Corporate success often resembles a snowball. We show how initial luck in hiring talented people, the resulting technological advantage, superior corporate culture, and status-seeking by workers can make small initial differences generate large differences over time.