Thriving in the Post Crisis Economy: Managing a Nexus of Capabilities

Abstract

Prompted by conditions associated with the global financial crisis (e.g. unemployment, growing income inequality, examples of corporate ethical misconduct), management is under a microscope. Intense discussions have been sparked about the unresponsiveness of corporations to society, short term-ism and the prudence of shareholder value as a guide to management, and the apparent lack of human grounding in much of the world’s corporate activity.

Keywords: Resource based theory, short termism, growth, crisis

JEL Classification: M10