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Happy combination

Core competencies is one of the most used and abused phrases in business strategy. But a proper understanding of the idea behind the jargon is essential

Auctions

There is more to auctions than meets the eye. If you are going to design markets, make sure you understand how they work.

A euphemism that is going out of fashion

How is it that so many companies have found it possible to slash their work forces? What is behind the fad of “downsizing”?

Oh Professor Porter, whatever did you do?

Is it really so bad to be “stuck in the middle”? If you can master the art of the “shifting concept” you can make any idea stick.

On the trail of a good bet

We evaluate risks poorly - whether it comes to insurance, speculation or beef scares. These mistakes cost us all money in the long run.

The root of the matter

Is there a difference between a “stakeholding” corporation and one focussed on shareholder value? Yes: by treating customers and employees as ends, not means, companies do well by doing good.

Sharing responsibility is to pass the buck

Taking decision making powers without also taking responsibility means that nobody is really responsible at all – as Michael Howard has ably demonstrated.

In out of the cold

Economists have walked out into the cold as far as business strategy is concerned. Slowly, they are starting to return.

The Structure of Strategy (Business Strategy Review 1993)

"The Structure of Strategy" is a summary of parts of my book, "The Foundations of Corporate Success", and was reprinted in "The Business of Economics"

Adding Value: April 1993

There are four perspectives on corporate performance and four ways of measuring capital costs. But in the long run, all these ways of measuring financial performance are equivalent. The different vantage points differ only in their timing.

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