Editor’s note: Prof. Carton is an expert on strategy frameworks. He is especially interested in how strategy ideas develop over time and how they get used and shared in organizations. In this
Read More...
Publicly traded family firms may attract all sorts of investors from outside the family. And like other publicly traded firms, they sometimes attract activist hedge funds, whose primary purpose often
Read More...
Newer, smaller businesses, often led by entrepreneurs, are usually comfortable operating in dynamic, ever-changing, and even unpredictable environments. They are quicker than larger firms to innovate
Read More...
How can AI and ChatGPT be useful in a world hungry for solutions to business problems? Will it ever replace people who come up with big ideas -- the entrepreneurs, researchers or scholars? Two
Read More...
The public sector has long benefited from partnerships with private sector companies that allow innovation and entrepreneurship to flourish. However, government agencies themselves often struggle to
Read More...
As global crises are becoming increasingly frequent and unpredictable, family ties and family relationships—or what are collectively called “family social capital”—become critical for the
Read More...
Entrepreneurs, not federal government subsidies, are the key to societal improvements. Consider, for example, the newly passed Inflation Reduction Act. It aims to reduce carbon emissions by giving
Read More...
Approximately 16% of patents change hands during their lifetime. A patent in the right hands can be a win-win for both the buying and selling firms, as well as for consumers who can benefit from the
Read More...
Most people would agree that businesses benefit from three core marketing resources: strong market knowledge, great relationships with customers and suppliers, and a sterling public image, brand, and
Read More...
Innovation, or the creation of new products or processes, helps small- and medium-sized enterprises (SMEs) be more productive and profitable -- and sometimes even survive. As a catalyst of social
Read More...