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Business model innovation (BMI) is critical for firms’ long-term survival under environmental dynamism and depends heavily on CEOs’ cognition. While Socioemotional Wealth (SEW) explains why family CEOs may resist or engage in BMI, it largely assumes homogeneous responses under similar environmental conditions. Upper echelons theory (UET), in tur…
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The world’s attention is fixed on frontier artificial intelligence (AI) models, but China’s robot-making factories deserve just as much attention. Chinese e-commerce company JD.com has predicted that robots would ultimately replace its 700,000 delivery workers, while workers at South Korean carmaker Hyundai are threatening strike action over iss…
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Kevin Warsh focused his first conference as Federal Reserve chair on June 17 on a familiar problem: fast-rising prices fuelled by the Iran war. Yet another challenge facing central banks goes beyond the immediate inflation shock. As investors place ever bigger bets on artificial intelligence and politicians tout its economic promise, policymaker…
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