Business Process Outsourcing: A Costs Perspective

As offshoring of business processes becomes more widespread, companies need to make strategic choices on how best to offshore their business processes. This article suggests that transaction cost theory, which has been a powerful tool for analysing and understanding governance structure, can provide a useful framework to make these decisions.

An International Approach

Theories about offshoring do not always reflect the way real-life management decisions are made.

How serious are the alternatives to globalisation?

Big businesses have enthusiastically embraced globalisation, seeking out and profiting from new opportunities – wherever their brands, capabilities and technology have taken them. point. As moderate voices join the dialogue, the anti-globalisation lobby can no longer be dismissed as street protest culture or theatre.

Important questions remain:
– Can business compromise or should it simply back laissez-faire capitalism?
– How can business appeal … [ Read more ]

Shifting Strategic Focus

Offshoring is a complex issue that is part of a much larger strategic picture. Companies need to develop a framework for deciding where and how business activities should be located

EBF History Lesson: Medieval Economics Revisited

Protectionism grew out of mercantile economics 500 years ago. Although long discredited, ailing industries in the US and Europe are often rescued by mercantilism.

Why are we so hostile to sharing knowledge?

New case studies in Denmark highlight the value which is lost when managers fail to tackle the human challenge of the corporate intranet.

Roll-out that seized the market

This article explores the launch of the Procter & Gamble consumer brand Charmin. It was excerpted from a case study prepared by Professor Bodo Schlegelmilch and Assistant Professor Tina Claudia Chini of Vienna University of Economics and Business Administration

Monks and multinationals – business models of the Middle Ages

The Benedictines and the Cistercians were much more than religious orders – they were powerful multinational organisations from which the modern manager can learn.

Towards a single European entrepreneurial space

How can Europe breed and grow more pan-European high potential ventures?

Five ways to kill a great idea

Not all the best movies make it to the big screen. Not all the best restaurants get discovered. Not all the best potential spouses get married. And not all the best marketing and new product ideas see the light of day. Why? Five practices kill promising concepts too soon.

Avoiding the E-Commerce Trap

If companies are to reap the full benefits of electronic commerce, they must redesign their logistics systems so that physical distribution processes work more efficiently.

Adapting to Post-Communist Uncertainties

Foreign investors in Russia must learn to navigate the social and political complexities of business in the region.

Communicating with the marketplace

Ground breaking research by MIT examines the relationship between information disclosure and a company’s cost of capital.

Enron unravelled

This is an edited version of a new case study written primarily for classroom discussion. In this shortened form, supplemented by a commentary on the corporate governance implications by Matthew Allen, it provides insights for EBF readers into – among other things – financial engineering as a means of supporting the share price, the reporting of financial exposure, and the need for independent audit oversight … [ Read more ]

Public and Private sectors: who’s learning from whom?

Throughout the 1980s and 1990s conventional wisdom increasingly had it that the ‘commanding heights’ should be controlled by the private sector. Privatisation flourished almost everywhere – and where it didn’t, ‘market driven’ solutions have been widely employed to deliver public services.

But what have we learnt from privatisation? Has it been a success – or were expectations overblown?
Is the public sector really lagging in … [ Read more ]

Soren Kierkegaard

Life can only be understood by looking back, but can only be lived by looking forward.

Hermann Simon

It can be said that the human being has changed very little during the known course of history. The statements by Plato, Aristotle, or Seneca about the human being, his/her behaviour and conduct, are as accurate today as they were in ancient times. We gain, therefore, valuable insight when we interpret current developments and the future in light of historical analogies.

The Art of Management and Military Science

Comparisons between business and warfare are not new. But while writers have sought over the years to apply military metaphors to corporate strategy, the debate on how appropriate this is remains unresolved.

Astrology and alchemy – the occult roots of the MBTI

Psychologists and managers may be surprised to discover that the origins of the world’s most widely used psychometric instrument lie in pre-modern systems of knowledge.

Editor’s Note: this article offers good insight and background on the four elements of astrology and how these along with alchemy played into Jung’s work.