Against a background of management literature which advocated cultural change to increase corporate competitive performance (such as Peters and Waterman's In Search of Excellence), John Hendry and Veronica Hope explore four components of the problem of bringing about cultural change to produce...

For most people involved in the strategic management field, teaching competitive strategy involves teaching Porter's model of generic strategies. Critics of the model have however exposed some severe limitations to its application. There are also some serious sources of confusion, both within...

One of the strongest and most sustained trends within business over the last ten years has been the trend towards outsourcing. With increased fervour and conviction, corporations have sought to reduce costs by contracting out services and activities traditionally provided in-house. The rationale...

The idea of process reengineering, or computer-aided process-focused industrial engineering, has taken a firm hold in today's companies, but the benefits of this approach have often been elusive and even when they have been achieved it is by no means clear that they will be sustainable. In this...

Conventional economic theory, applied to information released by listed companies, equates ‘useful’ with ‘price-sensitive’. Stock exchange rules accordingly prohibit the selective, private communication of price-sensitive information. Yet, even in the absence of such communication, UK...

In this paper we use interview data to explore the 'new shareholder activism' of mainstream UK institutional investors. We describe contemporary practices of corporate governance monitoring and engagement and how they vary across institutions, and explore the motivations behind them. Existing...

We draw on a series of in-depth interviews with senior managers from institutional investors and large listed corporations to explore how different conceptualizations of institutional investors, their role in the corporate governance process, and their interactions with corporate management, are...