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What makes a decision strategic? When is strategy most important? This paper studies the structure and value of strategy (in its everyday sense), starting from a (functional) definition of strategy as ‘the smallest set of (core) choices to optimally guide the other choices.' This definition...
Persistent link: https://www.econbiz.de/10010259464
sein muss und warum es vorteilhaft ist, wenn eine solche Ethik als ökonomische Theorie der Moral operiert, ((b)) wie eine … Theorie für die Praxis nicht verarmt, sondern bereichert wird und ((c)) wie - angesichts einer erneut heftig geführten …) business ethics to management analysis and education. As a first step, the paper argues that business ethics theory needs to …
Persistent link: https://www.econbiz.de/10011758063
In the German automobile industry the vertical integration, as an indicator of value added, is on average low. Beyond the argument of relative high labour costs for manufacturing, several specific reasons for the level of vertical integration, linked to the flexibility of business administration...
Persistent link: https://www.econbiz.de/10003592932
Within the field of knowledge management, the concepts of organizational learning and organizational forgetting are considered somehow opposite. But are we able to learn without forgetting‘ If maintained within the organization, useless knowledge can become a barrier to new knowledge, also...
Persistent link: https://www.econbiz.de/10013148760
We posit that the value of a manager's human capital depends on the firm's business strategy. The resulting interaction between business strategy and managerial incentives affects the organization of business activities. We illustrate the impact of this interaction on firm boundaries in a...
Persistent link: https://www.econbiz.de/10014069126
Managerial discretion is likely to be beneficial to shareholders because of strategic cross-effects in an oligopoly. In certain circumstance, shareholders deliberately keep certain managerial discretion in equilibrium even the reduction of managerial discretion is cost free. It is found that...
Persistent link: https://www.econbiz.de/10014120009
Personal strategies of owners/founders of small business startups are related to performance and to environmental uncertainty. This is done using a longitudinal data set of some 50 Dutch startups. The results suggest a dynamic process between strategy and performance.A discrimination is made...
Persistent link: https://www.econbiz.de/10014092634
This paper proposes a prescriptive model for the strategic decision-making from the Romanian enterprises. Within the paper there will be described the phases implied in solving a strategic problem. Finally, it will be presented a strategic decision from a Romanian enterprise, elaborated on the...
Persistent link: https://www.econbiz.de/10013072937
Leaders play a pivotal role in shaping the trajectory of work programs and facilitating accomplishing of organizational goals. This study investigates the intricate relationship between leader power, decision-making, and organizational development. Drawing upon a quantitative approach, a...
Persistent link: https://www.econbiz.de/10014502786
Within the discipline of enterprise risk management (ERM), strategic risk management (SRM) has become a subject of increasing interest to practitioners and academics. To our knowledge, the term “strategic risk management” first appeared in the management literature in 1985 and 1986 (Jammine,...
Persistent link: https://www.econbiz.de/10013005772