Strategy Execution Playbook

We show that a one-sided price-adjustment rule, with free price cuts but a fixed daily reset for price increases, raises the reset price even under risk neutrality, mean-zero wholesale cost shocks, and perfect consumer information. The mechanism i...

The “tragedy of the horizon” captures the gap between long-horizon climate damages and the shorter horizons of corporate decision-making. We provide a contracting account of this idea using a deliberately standard CARA-normal moral-hazard model. U...

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 assum...

Over the past years profound changes in the public sentiment and policy environment suggest the beginning of a new era with reversal attitudes towards globalization. Deglobalization which is commonly defined as the process of decreasing interdepen...

China has broken the “flying geese” model and, with it, Asia’s traditional route to prosperity. For decades, countries passed industries down the value chain as they grew richer. In contrast, China has retained them while adding increasingly sophi...