Tag: Business

Try formalising a dress code and you will understand the importance of informal, cultural regulation.

Father Christmas does not exist? Tell that to investors who seem unable to ask how much value certain business really add

Can Microsoft maintain its dominance of the world computer market? Is there a long term future for the Internet unless it falls into the hands of a small group of firms?

Ted Levitt’s challenge to “define what business you are in” was based in a fundamental confusion between industries and markets.

A modest proposal for the founding of the “customer corporation” in utility industries.

The stakeholding view of the nature and purposes of corporations applies most forcefully to monopoly public utilities. This essay analyses some of the problems of utility regulation and proposes a stakeholding alternative.

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

"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"

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.

Much business is organized by mutual firms. My purpose here is to present a general economic framework for understanding the objectives of such businesses, and to identify some of the distinctive contributions which mutual organizations make, and the distinctive problems which they face.