Business Opportunities: Discovered or Created?

Nearly every core aspect of the entrepreneurial process is subject to paradox. When thinking about entrepreneurs, are they born or made? And what about the emergence of opportunities: discovered or created? Then there is the evaluation process of an opportunity: instrumental or legitimate? In organizations, is the process of pursuing an opportunity based on planning or…

Pan-African Banks: Turning Around a Bad Reputation

Unfortunately, when we think about Nigerian banks, what immediately comes to mind are those e-mails we've all received requesting a transfer to an obscure account. However, not all Nigerian banks are alike. Following a privatization and liberalization period, a process of industry consolidation started in 2005. A capital requirement was imposed of naira (N) 25…

Is Spanish Government reformism delivering?

Does the current economic policy in Spain help or impede the recovery and medium and long-run growth prospects? Together with a group of eight IESE experts and six of some of the most prominent Spanish economists, we have developed the Reform Monitor, an assessment of the performance of the Spanish economy; the adequacy of the…

Organizations and the Virtuous Circle

Recently, there has been a lot of debate about the actual objective of “the organization.”  In the Western World, the prevalent view over the last decades has been that its objective was maximizing shareholder value above any other consideration. In other words, the HOW, (whether or not a company is virtuous in accomplishing objectives), did not…
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