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Strategic decisions and all that jazz.(influence of improvisation in business strategy)
September 22, 1997... For the past thirty years, research on strategic decisions has been dominated by three basic approaches: "bounded rationality", "power and politics" and "the garbage can".
Bounded Rationality: In this approach, strategic decision makers...
Riding the rapids.(adapting to new technology in business)
September 22, 1997... In this second of the 1997 Stockton lectures, Martin Sorrell uses his experience as Chief Executive of the communication services group WPP to describe how to ride the rapids of the new technology without falling in. A key challenge is...
The case for 'weaker' leadership.
September 22, 1997... This article argues that the pendulum in the debate on leadership has now swung too far in the direction of the "tyranny of opinion- and that this has increased the chances of wrong decisions being taken. But if this is so, what are the...
Navigating strategic inflection points.
September 22, 1997... In this first of the 1997 Stockton Lectures, the speaker reflects on the turning points which can make or break even the strongest of businesses. How can managers distinguish a "Strategic Inflection Point" from the normal hurly-burly of...
The takeover battle for Fjord Line. (Color Line and Bergen Nordhordland Rutelag compete to acquire Fjord Line)
September 22, 1997... This article applies game theory to a particular takeover battle in 1995. The author concludes that, in order to calculate the maximum price it is worth paying to acquire another company, firms should invest a lot of effort in predicting the...
Self regulation and statutory regulation.
September 22, 1997... With reference to both theoretical and empirical examples, this article discusses the advantages and disadvantages of various mixtures of statutory and self regulation. It seeks to define circumstances where statutory regulation works better...
Company-specific factors and international competitiveness.(business views on European Union single currency)
September 22, 1997... This article arises from concern about the inadequacy of the theoretical and empirical evidence on the costs and benefits to business of the EU single currency. It uses a survey of companies in the UK (which has not had a stable currency...
Management gurus: the secret of their success?
September 22, 1997... This article reports further work on the validity and value of "guru" theories, using Peter Scott-Morgan's `The Unwritten Rules of the Game' as a case study. The author argues that explanations of the popularity of the management gurus...