The author outlines a “new rules” agenda for business that is being driven by changing market forces and growing public expectations. The new rules address seven primary issues: corporate legitimacy and stakeholder relations, corporate governance, increased equity and diversity,...

This article offers an action plan for CEOs who wish to constructively engage their boards in strategy development. In this approach, the board participates in the strategic thinking and strategic decision‐making processes, adding value but not infringing on the CEO’s and executive team’s...

Purpose – Strategy & Leadership asked the originator of the concept of co‐creation of unique value with customers to explain how it works in theory and practice. Design/methodology/approach – Questions for this interview were prepared by both academics familiar with C.K. Prahalad's...

Purpose – Under high turbulence conditions, a company's periodic planning cycle needs to be supplemented with a dynamic, real‐time, strategic‐issue‐management system. This paper aims to investigate this issue. Design/methodology/approach – A case study of a prominent Australian...

Purpose – The paper aims to argue that stock‐based compensation for top leaders is a very recent phenomenon that is associated with lower shareholder returns, bubbles and crashes and huge corporate scandals and that it is time to bring an end to it and find a better, more authentic approach...

Purpose – The paper was written with the intention of drawing attention to a fundamental dysfunction that is widespread in large organizations today – a myopic focus on maximizing shareholder value. Design/methodology/approach – The paper identifies the source of the dysfunction, the...

This article begins with a reprint of interviews from the November/December 1995 issue of Planning Review (the previous identity of Strategy & Leadership.). In those interviews, four leading futurists — Ian Wilson, Oliver Markley, Joseph Coates, and Clement Bezold — discussed the critical...

Purpose – The purpose of this paper is to verify existence of political connection of firms in India. For this purpose the paper first presents a theoretical model and then tests empirically the movement of stock prices during two state elections in India. Design/methodology/approach – The...

Purpose – The purpose of this study is to examine whether corporate community involvement disclosures (CCID) in annual reports can be construed as a measure of corporate community development (CCD) or a mere signal of corporate social responsibility (CSR) observance....