Diane Coyle

In the face of externalities of any kind, markets do not produce the most desirable outcomes. This is true in the case of the public good, which is why we have such a lively debate about the proper role of government in capitalist societies. It is also true of environmental externalities. The limitations of markets are clear, and although almost all economists are in favor … [ Read more ]

Immanuel Kant

Genius is a talent for producing that for which no definite rule can be given, and not an aptitude in the way of cleverness for what can be learned according to some rule.

David Newkirk

In business, unlike in nature, the fittest often survive by helping create the environment that favors them.

Joseph Schumpeter

In­novation is ultimately not an act of intellect but of will.

Best Business Books 2007: Innovation

strategy+business reviews the best books about innovation from 2007

Karen Stephenson

Whenever change is on the agenda, the power of relationships trumps the power of position.

How to Help Your Successor Succeed

Leadership transitions are complex. Exchanges of responsibilities contain any number of challenges, primarily because they happen in real time with no pause in the organization’s activities. The exiting executive is in the best position to direct events so that newcomers can avoid the usual “perfect storm” of tests: an overly stimulated imperative to jump into the job with both feet, ready for action; a sense … [ Read more ]

Best Business Books 2007: Strategy

strategy+business reviews the best strategy books of 2007

The Statecraft of Busines

Multinational corporate leaders managing in the fragmented marketplace must be knowledgeable about the world’s various political systems to nimbly adapt their companies to the preferences of governments, regulators, and global policymakers where they operate. The field of international relations offers five views of the structure of the global political environment: New Realism, Hegemony, Institutionalism, Liberalism, and Postmodern Anarchy. Each is accurate in its own way, … [ Read more ]

Margaret Wheatley

A society whose practices are premised only on economic growth is going to self-destruct, because materialism, if left unchecked, destroys the best aspects of being human and brings out our baser qualities.

Context and Complexity

Success in China requires a flexible approach for a diverse market.

Tom Ehrenfeld

The packaging of big ideas can sometimes add as much value as the content itself.

The Science of Subtle Signals

By analyzing overlooked behavioral cues, researchers are creating a new understanding of organizational effectiveness.

Exercising Common Sense

Leaders face unprecedented challenges when embarking on large-scale transformation, whether it’s entering new markets or recovering from industry turmoil. Here are 10 tried-and-true tactics and common sense practices from authors with decades of experience helping companies implement organizational change.

Rebuilding Lego, Brick by Brick

How a supply chain transformation helped put the beloved toymaker back together again.

Keeping Costs Cut

It’s not enough simply to cut costs; they have to stay cut. And the only way to do that is to reach deeper into a company’s makeup to put in place an integrated program that takes into account all four of its DNA strands.

Why Wait for Trouble?

Answering three vital questions can help keep the turnaround specialists away.

David Edgerton

When we think about technology, we immediately think about invention and innovation and the future, and not about how things come into use. We’re always so enthusiastic about what’s going to happen in five or 10 years’ time. But we lack an explicit history of technology, by which I mean a history of the vast number of products that are in use at any particular … [ Read more ]

David Edgerton

We think we know what innovation means, but to study it, we use fiscal measures that don’t actually tell you much about innovation or invention. Consider patents. What are patents? They’re legal documents. They’re not in themselves a measure of inventiveness. Research and development spending is a measure of how much you spend on research and development. It doesn’t tell you anything about outputs.

China’s Five Surprises

In the world’s fastest-growing economy, the last 10 years are not the best guide to the next 10 years.