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1 day ago · Importantly, the theory positions maximizing shareholder value not as the firm’s purpose, but as the result of a firm successfully achieving its value-creating purpose. The rest of the paper describes how incorporating social norms increases the ability of the theory to explain value creation (and destruction) in the firm given the new economy.
1 day ago · This subject is an introduction to microeconomic theory and policy. Topics include the theory of perfectly competitive markets, welfare analysis and the role of government in the economy, theory of the firm (production and costs), game theory, and effects of market structure on resource allocation.
2 days ago · Introduction. In economics Keynesian economics , also Keynesianism and Keynesian Theory, is based on the ideas of twentieth-century British economist John Maynard Keynes. According to Keynesian economics the public sector, or the state, can stimulate economic growth and improve stability in the private sector – through, for example, interest ...
- Keynes and Classical Economics
1 day ago · In the late 1800s, Frederick Taylor was one of the first to take a scientific approach to management theory in terms of how to maximize productivity. His principles suggested that the scientific method should be used to perform workplace tasks, rather than a system that relied upon team members’ judgement or personal discretion.
1 day ago · In his new article An Organizational Theory of International Technology Transfer, Professor Peter Lee offers two richly detailed accounts at once.One is a novel theoretical framework of “bounded entities” that generalizes both from the classic theory of the firm and, of more recent vintage, from the knowledge-based theory of the firm to specify a broader notion of organizations that are ...
1 day ago · The swift economic transformations and process of globalization have prompted enterprises to urgently develop efficient ways to enhance performance and ensure their long-term existence. The objective of this study is to investigate whether organizational culture (OC), knowledge sharing (KS), and organizational innovation (OI) helps to achieve competitive advantage (CA) which leads to firm ...
4 days ago · Demand theory is a principle relating to the relationship between consumer demand for goods and services and their prices. more. What Is the Law of Demand in Economics, and How Does It Work?
