Strategic Management and Serendipity — The Role of Luck in Business

Strategic Management and Serendipity — The Role of Luck in Business

Strategic management is one of the most discussed issues in business studies. But what is strategy and does it improve business performance? This essay examines the relationhip between strategic mangement and serendipity in light of strategic management studies. Life is characteried by serendipity, and much of human culture is, in essence, a means to deal …

Strategic Management and Business Performance

Strategic Management and Business Performance

A considerable amount of research has been devoted to establishing a relationship between strategic management and business performance. The spectrum of conclusions ranges from strong positive correlations to claims that the role of formal planning systems in business management is only informational (Rogers, Miller & Judge 1999, 567–568). Hill, Jones & Galvin (2004, 23) take …

Environmental Ethics for Managers and the Role of Deontic Constraints

Environmental Ethics for Managers and the Role of Deontic Constraints

What responsibility does a manager have concerning environmental ethics? Mr Freeman was a model citizen with a long career in public service. In 2003 he held the position of Director of Infrastructure at the Port Macquarie-Hasting Council and was responsible for the implementation of infrastructure works. However, this year Mr Freeman paid a hefty personal …

Recruitment Woes—Management Gets the Employees it Deserves

Recruitment Woes—Management Gets the Employees it Deserves

“Management gets the employees it deserves”, Carl snarlingly uttered as he returned to his desk. Natasha, with whom he had shared a cubicle for longer than they cared to remember, turned around. “What makes you say that” What happened? Carl was obviously still upset as he threw his hands in the air. “This new guy …

The Essence of Entrepreneurship — A Misguided Quest

The Essence of Entrepreneurship — A Misguided Quest

The common notion of the entrepreneur as a unique individual is influenced by public figures such as Henry Ford, Richard Branson, Dick Smith and Donald Trump. They have achieved celebrity status, giving rise to many myths about entrepreneurship, such as the idea that it is an innate ability that can not be acquired and that …

Globalisation, Converging Commonality and Business Strategy

Globalisation, Converging Commonality and Business Strategy

The world is becoming increasingly smaller. Whereas it used to take months to travel from Australia to Europe, the trip can now be undertaken in within a day, and electronic communication enables people to deliver messages across the world instantly. These changes in the spatial and temporal contours of existence have reduced the significance of …

Know Thyself — Self-Knowledge for Managers through Personality Testing

Know Thyself — Self-Knowledge for Managers through Personality Testing

One’s own is well hidden for one’s own; and of all treasure troves, one’s own is the last to be excavated …. Friedrich Nietzsche, Alzo sprach Zarathustra The importance of self-knowledge for managers and everybody else has been acknowledged through the ages and across cultures. A visitor to the temple of Apollo at Delphi in …

The Management Fundamentalism of Frederick Taylor, Mayo and Deming

The Management Fundamentalism of Frederick Taylor

Management thinkers played an influential role in shaping the twentieth century, but they remained in the shadow of those who Time Magazine considers the most prominent. The influence of visionaries such as Frederick Taylor, Elton Mayo and W. Edwards Deming is, however, immense as their ideas were instrumental in creating the prosperity of the late …