John Reed, CEO von Citigroup und zweifellos einer der erfolgreichsten praktizierenden Manager beschreibt seine Erwartungen an die Managementwissenschaft, folgendermaßen: Weare concerned about improving the opportunity space for our enterprise ((1)).(...)

Open source software production is a succesful new innovation model in which a public good is voluntarily provided. We argue that by studying this new innovation model we gain valuable insigth for innovation theory beyond software production.

Open source software production is a highly successful innovation model. But it is, by far, not a singular case but rather one example of "virtual communities of innovation". The purpose of this paper is to inquire under which conditions the new innovation model might work in general...

Corporate scandals, reflected in excessive management compensation and fraudulentaccounts, cause great damage...

Corporate scandals are reflected in excessive top management compensation and fraudulent accounts ...

Today, there is a growing conviction among researchers and practitioners that knowledge creation is the most important source of dynamic capabilities...

The most influential theory of corporate governance, principal agency theory, does not take into consideration that the key task of modern corporations is to generate and transfer firm-specificknowledge.

Standard economics uses a one-dimensional concept of motivation. It assumes that people are perfectly rational and are solely motivated in a selfish way. This essay argues that people differ in their preferences with respect to pro-social orientations, that preferences are plastic and...

Democracy usually is identified by the right to vote. However, in recent times voting procedures have been criticized, as they seemingly do not guarantee that all parts of the population have an adequate voice in the established political process. We suggest invigorating an old but nearly...

There is a growing debate about economics not only being bad for practice but also destroying good management practice. The focus of this debate has been on the negative influences of wrong assumptions in theory building which become a self-fulfilling prophecy. We analyze why standard economics...