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Living in a state of true accountability

Despite the difficulties, one should be accountable more for outcomes than for the decision process.

Why the last shall be first and the first shall fade away

Being the first to innovate is rarely the road to riches many presume. Business history is paved with industries dominated by followers.

The Third Way

Is the third way simply an eclectic compromise which offers to drop any unpalatable bits from the familiar ideologies of far right and far left? I argue that if there is a third way, this is not where we will find it.

Shame and kudos are the spur

Trying to assess lecturers, doctors, and teachers is difficult. But that doesn’t mean it cannot, or should not, be done.

When the competitor turns predator

When is a price cut bad for consumers? When it is predatory.

The Hugh Ford Management Lecture: Is Management a Profession?

Since the time of Aristotle, and perhaps before, business has been widely regarded as an activity of inferior moral status. The critics...

Economic Education: February 1998

John describes five groups of reasons why economic education is an indispensable part of any general education.

The Role of Business in Society

The view of business as necessarily selfish, narrow and instrumental, is, as it always has been, nonsense. Business which is selfish in motivation, narrow in outlook, and instrumental in behaviour is rarely successful business.

Outside football league table tells us all we need to know

League tables are in vogue, and despite the difficulties they seem worthwhile. If only it were easy to produce a “value added” table.

A Stakeholding Society – What Does it Mean for Business?

There is a clear distinction between businesses whose characteristic is to develop a professional service in order to serve all its stakeholders and businesses whose focus is mainly to maximise shareholder return. Which is likely to be more successful?

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