Business Ethics and Corporate Social Responsibility
Does humility have a place in the upper echelons of business management? Absolutely, says IESE's Antonio Argandoña. In his research paper "Humility in Management," Argandoña explores this often crucially overlooked quality and its ramifications for leadership.
Lieberman, Marvin B.; García-Castro, Roberto; Balasubramanian, N.
Shareholders are not the only ones to benefit from the value created by a firm. Employees, customers and suppliers reap rewards, too. Introducing a new tool to measure value creation dynamically, over time: the Value Creation and Appropriation (VCA) model. IESE's Roberto Garcia-Castro and co-authors discuss its practical implications for firm strategy.
Almandoz, John; Tilcsik, András
Does a board always work best with more experts' advice? No, according to research published in the Academy of Management Journal. A study of U.S. community banks found that, when navigating uncharted waters, banks were more likely to fail if their boards were dominated by directors who were experts in banking. In fact, the riskiest decisions may be better handled when non-experts counterbalance the know-it-alls.